Application of the Accounting Standard for Revenue Recognition for the Fiscal Year Ending March 2022
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter of the current fiscal year, net sales increased by ¥247 million and cost of sales increased by ¥186 million, while operating income, ordinary income and profit before income taxes and other adjustments for the quarter each increased by ¥60 million.」
Application of the accounting standard for revenue recognition and related guidance, which began at the start of the fiscal year ending March 2022, continued, and the impacts on net sales, cost of sales, operating income and other items for the nine months ended the third quarter were disclosed. The changes in identifying the performance obligations for product delivery, installation and on-site adjustment work, and in the timing of revenue recognition for export sales, also continued. - FY2022-Q2RestatedAnnual report
「As a result, for the six months ended the second quarter of the current fiscal year, net sales increased by ¥99 million and cost of sales increased by ¥103 million, while operating income, ordinary income and profit before income taxes and other adjustments for the quarter each decreased by ¥3 million. In addition, the beginning balance of retained earnings decreased by ¥85 million and non-controlling interests decreased by ¥14 million.」
Application of the accounting standard for revenue recognition, which began at the start of the fiscal year ending March 2022, continued, and the impacts on net sales, cost of sales, retained earnings and other items for the six months ended the second quarter were disclosed. - FY2022-Q1AchievedAnnual report
「As a result, the Company and its consolidated subsidiaries changed the identification of the delivery of certain products and the installation and on-site adjustment work for those products, which had previously been identified as separate transactions, to a single performance obligation, and changed the method of recognizing revenue to recognition when the installation and on-site adjustment work was completed.」
Application of the accounting standard for revenue recognition and related guidance began at the start of the fiscal year ending March 2022. The performance obligations for product delivery, installation and other services, as well as the timing of revenue recognition for export sales, changed, resulting in reported decreases of ¥85 million in net sales, ¥70 million in cost of sales and ¥14 million in operating income and other items. - FY2021First statedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The accounting standard for revenue recognition and its implementation guidance were scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact was stated to be under assessment.