Planned application of the Revenue Recognition Accounting Standard for the fiscal year ending March 2022
First written in FY2020. 4 of 6 entries say "Restated". Latest entry: FY2022.
104 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, for the current consolidated fiscal year, net sales increased by ¥69.061 million, cost of sales decreased by ¥24.886 million, operating profit increased by ¥31.505 million, and ordinary profit and profit before income taxes increased by ¥2.082 million each.」
The company continues to apply the accounting standards and other guidance on revenue recognition and disclosed the impact on annual net sales, operating profit and other items. - FY2022-Q3RestatedAnnual report
「As a result, for the 9 months ended the third quarter of the current consolidated fiscal year, net sales increased by ¥145.112 million, cost of sales increased by ¥70.628 million, operating profit increased by ¥26.849 million, and ordinary profit and profit before income taxes increased by ¥10.271 million each.」
The company continues to apply the accounting standards and other guidance on revenue recognition and disclosed the impact for the 9 months ended the third quarter. It stated that there was no impact on the beginning balance of retained earnings. - FY2022-Q2RestatedAnnual report
「As a result, for the six months ended the second quarter of the current consolidated fiscal year, net sales increased by ¥86.912 million, cost of sales increased by ¥30.997 million, operating profit increased by ¥21.656 million, and ordinary profit and profit before income taxes increased by ¥10.654 million each. There was no impact on the beginning balance of retained earnings.」
The company disclosed the impact on net sales and profit for the six months ended the second quarter of applying the accounting standards on revenue recognition from the beginning of the first quarter of the current consolidated fiscal year. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the Accounting Standard for Revenue Recognition and related standards and will recognize revenue 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 standards and other guidance on revenue recognition, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were applied from the beginning of the first quarter of the current consolidated fiscal year. Net sales increased by ¥19.918 million and operating profit increased by ¥6.893 million, while ordinary profit and other items decreased by ¥334 thousand. - FY2021RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company continues to plan to apply the accounting standards and other guidance on revenue recognition from the beginning of the fiscal year ending March 2022, with the impact still under assessment. - FY2020First statedAnnual report
「Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020); Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 31 March 2020)」
The company disclosed that it had not yet applied the new accounting standards and other guidance on revenue recognition, with application scheduled from the beginning of the fiscal year ending March 2022 and the impact still under assessment.