Application of the revenue recognition standard and its impact on the financial statements
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2022-Q3.
86 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter of the current consolidated fiscal year decreased by ¥182.129 million, and operating income, ordinary income, and quarterly net income before income taxes and other adjustments each decreased by ¥182.129 million. The beginning balance of retained earnings also decreased by ¥1,263.571 million.」
The impact of applying the Revenue Recognition Standard has been updated based on the cumulative third-quarter period. Net sales, operating income, and other items decreased by ¥182.129 million, while beginning retained earnings decreased by ¥1,263.571 million. - FY2022-Q2RestatedAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal year decreased by ¥156.318 million, and operating income, ordinary income, and quarterly net income before income taxes and other adjustments each decreased by ¥156.318 million. The beginning balance of retained earnings also decreased by ¥1,263.571 million.」
The impact of applying the Revenue Recognition Standard has been updated based on the cumulative second-quarter period. Net sales, operating income, and other items decreased by ¥156.318 million, while beginning retained earnings decreased by ¥1,263.571 million. - FY2022-Q1MaterialisedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and related standards from the beginning of the current first quarter of the consolidated fiscal year. 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. Accordingly, for residential care services in the nursing-care business, the Company changed its method from recognizing part of the initial entrance deposit in full in the month services commenced and recognizing the remainder evenly over the contract period, to recognizing the entire initial entrance deposit evenly over the average residence period. As a result, net sales for the cumulative first quarter of the current consolidated fiscal year decreased by ¥37.905 million, and operating income, ordinary income, and quarterly net income before income taxes and other adjustments each decreased by ¥37.905 million. The beginning balance of retained earnings also decreased by ¥1,263.571 million.」
The Company applied the Revenue Recognition Standard from the beginning of the fiscal year ending June 2022, after previously stating that application was planned and the impact was being assessed. The change in the revenue recognition method for initial entrance deposits resulted in an actual decrease of ¥37.905 million in net sales and other items and a decrease of ¥1,263.571 million in beginning retained earnings. - FY2021RestatedAnnual report
「The standards are scheduled to be applied from the beginning of the fiscal year ending June 2022. The impact of applying the Accounting Standard for Revenue Recognition and related standards on the financial statements is currently being assessed.」
The Accounting Standard for Revenue Recognition is scheduled to be applied from the beginning of the fiscal year ending June 2022, and the impact on the financial statements continues to be assessed. - FY2019First statedAnnual report
「The standards are scheduled to be applied from the beginning of the fiscal year ending June 2022. The impact of applying the Accounting Standard for Revenue Recognition and related standards on the financial statements is currently being assessed.」
The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending June 2022, and the impact on the financial statements is being assessed.