Preparation for Applying the Revenue Recognition Standard
First written in FY2018. 3 of 9 entries say "Achieved", first in FY2019-Q1. Latest entry: FY2022.
83 other companies' latest entry also says "Other".
- FY2022Update on the Full-Year Impact of the Revenue Recognition StandardAnnual report
「As a result, revenue for the fiscal year decreased by ¥1,122 million, selling, general and administrative expenses decreased by ¥348 million, and operating income decreased by ¥773 million. There was no impact on the beginning balance of retained earnings.」
For the Revenue Recognition Accounting Standard applied from the beginning of the 110th fiscal year, the company disclosed a full-year decrease of ¥1,122 million in revenue and ¥773 million in operating income. - FY2022-Q3Third-Quarter Impact of the Revenue Recognition Standard UpdatedAnnual report
「As a result, revenue for the cumulative consolidated third quarter decreased by ¥824 million, selling, general and administrative expenses decreased by ¥252 million, and operating income decreased by ¥571 million. There was no impact on the beginning balance of retained earnings.」
For the Revenue Recognition Accounting Standard applied from the first quarter, the company disclosed a cumulative third-quarter decrease of ¥824 million in revenue and ¥571 million in operating income. - FY2022-Q2Update on the second-quarter impact of the Revenue Recognition Accounting StandardAnnual report
「As a result, revenue for the cumulative consolidated second quarter decreased by ¥553 million, selling, general and administrative expenses decreased by ¥169 million, and operating income decreased by ¥384 million. There was no impact on the beginning balance of retained earnings.」
For the Revenue Recognition Accounting Standard applied from the first quarter, the company disclosed a cumulative second-quarter decrease of ¥553 million in revenue and ¥384 million in operating income. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the first-quarter consolidated accounting period. Revenue is recognized when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services. As a result, net sales for the cumulative first-quarter period decreased by ¥255 million, selling, general and administrative expenses decreased by ¥74 million and operating income decreased by ¥180 million.」
For domestic companies and domestic consolidated subsidiaries, the planned revenue recognition accounting standard was applied from the beginning of the first-quarter accounting period. As a result, net sales decreased by ¥255 million and operating income decreased by ¥180 million. - FY2021RestatedAnnual report
「Application is scheduled to begin at the start of the fiscal year ending November 2022. Variable consideration previously recorded in selling, general and administrative expenses and non-operating expenses will be excluded from net sales. There will be no impact on retained earnings at the beginning of the fiscal year.」
The Company reconfirmed the planned application of the revenue recognition accounting standard to domestic companies and domestic consolidated subsidiaries at the beginning of the fiscal year ending November 2022, and the impact of excluding variable consideration from net sales. - FY2020-Q1AchievedAnnual report
「The Company’s subsidiaries applying US GAAP have applied ASC 606, Revenue from Contracts with Customers, from the first-quarter consolidated accounting period. The impact of applying the accounting standard on the quarterly consolidated financial statements is immaterial.」
For subsidiaries applying US GAAP, the scheduled application of ASC 606 began in the first quarter, and the impact was described as immaterial. - FY2019-Q3RestatedAnnual report
「The Group’s subsidiaries applying IFRS have applied IFRS 15, Revenue from Contracts with Customers, from the first-quarter consolidated accounting period. The impact of applying the accounting standard on the quarterly consolidated financial statements is immaterial.」
The Company reconfirmed that subsidiaries applying IFRS began applying IFRS 15 and that the impact on the financial statements was immaterial. - FY2019-Q1AchievedAnnual report
「The Group’s subsidiaries applying IFRS have applied IFRS 15, Revenue from Contracts with Customers, from the first-quarter consolidated accounting period. The impact of applying the accounting standard on the quarterly consolidated financial statements is immaterial.」
For subsidiaries applying IFRS, the scheduled application of IFRS 15 began in the first quarter, and the impact on the financial statements was described as immaterial. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending November 2022. The impact of applying these accounting standards and related guidance was under assessment when these consolidated financial statements were prepared.」
For domestic companies and domestic consolidated subsidiaries, the Company plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending November 2022 and is assessing its impact. Overseas consolidated subsidiaries are scheduled to apply IFRS 15 from the fiscal year ending November 2019 and Topic 606 from the fiscal year ending November 2020.