Adoption of the Revenue-Recognition Accounting Standard in the Fiscal Year Ending May 2022
First written in FY2019. 3 of 7 entries say "Restated". Latest entry: FY2022.
82 other companies' latest entry also says "Other".
- FY2022Full-year impact quantifiedAnnual report
「As a result, revenue for the fiscal year increased by ¥25.881 million and cost of sales increased by ¥26.094 million. The impact on operating income, ordinary income, profit before income taxes and the beginning balance of retained earnings was immaterial.」
The revenue recognition accounting standard was applied for the full fiscal year, with revenue increasing by ¥25.881 million and cost of sales increasing by ¥26.094 million. The impact on profit was quantitatively disclosed as immaterial. - FY2022-Q3Quantitative disclosure of the impact of adoptionAnnual report
「As a result, revenue for the cumulative third quarter increased by ¥59.772 million and cost of sales increased by ¥61.260 million, while operating income, ordinary income and profit before income taxes decreased by ¥1.488 million each. The impact on the beginning balance of retained earnings was immaterial.」
The company quantitatively disclosed the impact after applying the revenue recognition accounting standard for the cumulative third quarter. Revenue increased by ¥59.772 million, cost of sales increased by ¥61.260 million and operating income and related items decreased by ¥1.488 million. The presentation changes for contract assets and contract liabilities also continue to be applied. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. Revenue is recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer.」
The company applied the revenue recognition accounting standard, which had been scheduled for application from the beginning of the fiscal year ending May 2022, from the beginning of the first quarter of the current fiscal year. It changed its accounting treatment for combining contracts, identifying performance obligations, allocating transaction prices and recognizing revenue over time. - FY2021RestatedAnnual report
「(2) Scheduled date of application The company plans to apply the standard from the beginning of the fiscal year ending May 2022. (3) Impact of applying the accounting standard and related guidance The impact is still being assessed as of the preparation date of these consolidated financial statements.」
The scheduled application date for the revenue recognition accounting standard remains the beginning of the fiscal year ending May 2022, and the impact continues to be assessed. - FY2020RestatedAnnual report
「(2) Scheduled date of application The company plans to apply the standard from the beginning of the fiscal year ending May 2022. (3) Impact of applying the accounting standard and related guidance The impact is still being assessed as of the preparation date of these consolidated financial statements.」
The scheduled application date for the revenue recognition accounting standard remains the beginning of the fiscal year ending May 2022, and the impact continues to be assessed. - FY2020-Q1RestatedAnnual report
「There were no material changes to the Group’s management policies, management strategies or other related matters during the cumulative first quarter.」
There is no statement that the planned application of the revenue recognition accounting standard from the beginning of the fiscal year ending May 2022 has changed from the previous fiscal year. - FY2019First statedAnnual report
「“Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 30 March 2018) and “Guidance on Accounting Standard for Revenue Recognition” (ASBJ Guidance No. 30, 30 March 2018) ... The company plans to apply them from the beginning of the fiscal year ending May 2022.」
The company has stated for the first time that it plans to apply the new accounting standards and related guidance on revenue recognition from the beginning of the fiscal year ending May 2022. The impact is still being assessed as of the preparation date of the financial statements.