Preparation for the Adoption of the Revenue Recognition Standard
First written in FY2018. 3 of 5 entries say "Restated". Latest entry: FY2025-H1.
62 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. 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 accounting treatment applying the Revenue Recognition Standard continues. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for the goods or services when control of the promised goods or services is transferred to the customer. As a result, for the cumulative third quarter of the current consolidated fiscal year, net sales increased by ¥908 million, cost of sales increased by ¥1,017 million, and selling, general and administrative expenses decreased by ¥322 million. Operating income, ordinary income and profit before income taxes increased by ¥213 million each.」
The application of the Revenue Recognition Standard continues, and the impact amounts on net sales, expenses and profit for the cumulative third quarter have been updated. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for the goods or services when control of the promised goods or services is transferred to the customer. As a result, for the cumulative second quarter of the current consolidated fiscal year, net sales increased by ¥9,035 million, cost of sales increased by ¥7,689 million, and selling, general and administrative expenses increased by ¥583 million. Operating income, ordinary income and profit before income taxes increased by ¥762 million each.」
The impact amounts for the second cumulative quarter have been updated for the Revenue Recognition Standard applied from the beginning of the first quarter of the current consolidated fiscal year. The change to recognizing revenue upon delivery, transfer and acceptance of products continues. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for the goods or services when control of the promised goods or services is transferred to the customer. As a result, for the cumulative first quarter of the current consolidated fiscal year, net sales increased by ¥5,460 million, cost of sales increased by ¥4,429 million, and selling, general and administrative expenses increased by ¥360 million. Operating income, ordinary income and profit before income taxes increased by ¥670 million each.」
The Revenue Recognition Standard and other standards were applied from 1 April 2021, changing revenue recognition to the point at which control of products is transferred and acceptance takes place. The impact on profit and loss for the first quarter of the current fiscal year is also disclosed quantitatively. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards will be applied from the beginning of the fiscal year ending March 2022. Revenue will be recognized by applying the following 5 steps.」
The new accounting standard for revenue recognition is scheduled to be applied from the beginning of the fiscal year ending March 2022, with 5 steps presented: identifying contracts, identifying performance obligations, determining the transaction price, allocating the transaction price, and recognizing revenue when performance obligations are satisfied. The impact amount is under assessment.