Planned Adoption of the Revenue Recognition Standard for the Fiscal Year Ending May 2022
First written in FY2019. 1 of 7 entries say "Restated". Latest entry: FY2022.
83 other companies' latest entry also says "Other".
- FY2022Finalization of the Full-Year Impact of the Revenue Recognition StandardAnnual report
「As a result, in the consolidated statement of income for the current consolidated fiscal year, net sales and operating income each decreased by ¥12,861 thousand, while ordinary income and net income before income taxes decreased by ¥13 thousand.」
The company adopted the revenue recognition standard from the beginning of the current consolidated fiscal year. Net sales and operating income decreased by ¥12,861 thousand, while ordinary income and related items decreased by ¥13 thousand. - FY2022-Q3Update on the impact of adopting the revenue recognition standardAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, net sales decreased by ¥52,523 thousand, operating income by ¥19,435 thousand, and ordinary income and quarterly net income before income taxes by ¥9,048 thousand. Retained earnings at the beginning of the first-quarter consolidated accounting period decreased by ¥1,204 thousand.」
For the adopted revenue recognition standard, the company disclosed decreases of ¥52,523 thousand in net sales, ¥19,435 thousand in operating income and ¥9,048 thousand in ordinary income and related items for the cumulative third quarter. - FY2022-Q2Update on the impact of adopting the revenue recognition standardAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, net sales, operating income and non-operating expenses each decreased by ¥7,185 thousand, while ordinary income and quarterly net income before income taxes were unaffected. Retained earnings at the beginning of the first-quarter consolidated accounting period decreased by ¥1,204 thousand.」
For the adopted revenue recognition standard, the company disclosed a ¥7,185 thousand decrease in the impact on net sales, operating income and non-operating expenses for the cumulative second quarter. - FY2022-Q1AchievedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the current first-quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company adopted the revenue recognition standard from the beginning of the current first-quarter consolidated accounting period, as planned from the beginning of the fiscal year ending May 2022. As a result, net sales decreased by ¥39,640 thousand, operating loss increased by ¥15,595 thousand, and ordinary loss and quarterly net loss before income taxes increased by ¥14,310 thousand. - FY2021AdvancedAnnual report
「The impact of adopting the Accounting Standard for Revenue Recognition and related standards on the consolidated financial statements is immaterial.」
The company maintained its plan to adopt the revenue recognition standard from the beginning of the fiscal year ending May 2022 and assessed its impact on the consolidated financial statements as immaterial. - FY2020RestatedAnnual report
「The scheduled adoption date for the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and the Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 31 March 2020) is the beginning of the fiscal year ending May 2022.」
The company continued to disclose its plan to adopt the revenue recognition standard from the beginning of the fiscal year ending May 2022, with the impact still under evaluation. - FY2019First statedAnnual report
「The scheduled adoption date for the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018) and the Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018) is the beginning of the fiscal year ending May 2022.」
The company planned to adopt the new accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending May 2022, with the impact still under evaluation as of the date of preparation.