Application of the Revenue Recognition Standard for the Fiscal Year Ending March 2022
First written in FY2019. 1 of 7 entries say "Restated". Latest entry: FY2022.
- FY2022Clarification of the impact on annual presentationAnnual report
「As a result, “net sales” and “selling, general and administrative expenses” for the fiscal year were offset, each decreasing by ¥430.261 million, but operating profit, ordinary profit, profit before income taxes, and net income for the fiscal year were unaffected.」
The company disclosed that application of the Accounting Standard for Revenue Recognition reduced annual net sales and selling, general and administrative expenses by ¥430.261 million each, with no impact on profit. - FY2022-Q3Increase in the cumulative impact on presentationAnnual report
「As a result, “net sales” and “selling, general and administrative expenses” for the cumulative third quarter were offset, each decreasing by ¥321 million, but operating profit, ordinary profit, profit before income taxes, and net income for the quarter were unaffected.」
The decrease in reported amounts resulting from application of the Accounting Standard for Revenue Recognition increased from ¥229 million for the cumulative second quarter to ¥321 million for the cumulative third quarter. The company stated that there was no impact on profit. - FY2022-Q2Clarification of the cumulative impact on presentation from application of the accounting standardsAnnual report
「As a result, “net sales” and “selling, general and administrative expenses” for the cumulative second quarter were offset, each decreasing by ¥229 million, but operating profit, ordinary profit, profit before income taxes, and net income for the quarter were unaffected.」
For the Accounting Standard for Revenue Recognition applied from the beginning of the first quarter, the company disclosed that cumulative second-quarter net sales and selling, general and administrative expenses each decreased by ¥229 million, with no impact on profit. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and other applicable standards were applied from the beginning of the current first quarter. Revenue is recognized when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, “net sales” and “selling, general and administrative expenses” for the cumulative first quarter were offset, each decreasing by ¥104 million, but operating profit, ordinary profit, profit before income taxes, and net income for the quarter were unaffected.」
The Accounting Standard for Revenue Recognition, which had been scheduled for application from the beginning of the fiscal year ending March 2022, was applied from the beginning of the current first quarter. Net sales and selling, general and administrative expenses each decreased by ¥104 million, with no impact on profit. - FY2021The impact of adoption was assessed as immaterial.Annual report
「The “Accounting Standard for Revenue Recognition” and other applicable standards will be applied from the beginning of the fiscal year ending March 2022. The impact of applying the “Accounting Standard for Revenue Recognition” and other standards on the financial statements is expected to be immaterial.」
The company maintained its plan to apply the standards from the beginning of the fiscal year ending March 2022 and assessed the impact on the financial statements as immaterial. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company continued to plan to apply the accounting standards and related guidance for revenue recognition from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Accounting Standard for Revenue Recognition and related standards were scheduled to apply from the beginning of the fiscal year ending March 2022, with the impact on the financial statements still under evaluation.