Preparation for Adoption of the Accounting Standard for Revenue Recognition
First written in FY2021. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
83 other companies' latest entry also says "Other".
- FY2022Update to the full-year impact of applying the revenue recognition accounting standardAnnual report
「As a result, for the current consolidated fiscal year, net sales decreased by ¥31.468 million, cost of sales decreased by ¥13.738 million, and operating loss, ordinary loss and loss before income taxes increased by ¥17.729 million each. The opening balance of retained earnings also increased by ¥80.682 million.」
The company disclosed the finalized full-year impact on net sales, loss and retained earnings of the revenue recognition accounting standard applied from the beginning of the fiscal year ending March 2022. - FY2022-Q3Update to the cumulative third-quarter impact of applicationAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, net sales increased by ¥6.597 million, cost of sales increased by ¥3.202 million, and operating profit, ordinary profit and profit before income taxes increased by ¥3.394 million each. The opening balance of retained earnings also increased by ¥80.682 million.」
The company updated the impact, through the cumulative third quarter, of the revenue recognition accounting standard applied from the first quarter on net sales, cost of sales, operating profit and other income items, and the opening balance of retained earnings. - FY2022-Q2Update to the cumulative second-quarter impact of applicationAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, net sales decreased by ¥17.287 million, cost of sales decreased by ¥2.464 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥14.823 million each.」
The company disclosed the cumulative second-quarter impact of the revenue recognition accounting standard applied from the beginning of FY2022 Q1. Net sales decreased by ¥17.287 million, operating profit and other income items decreased by ¥14.823 million, and the opening balance of retained earnings increased by ¥80.682 million. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The company applied the revenue recognition accounting standard and related standards, for which it had been preparing during FY2021, from the beginning of FY2022 Q1. For contract testing services, it changed to recognizing revenue when products are introduced and based on the degree of progress for testing procedures. As a result of the application, quarterly net sales increased by ¥172.575 million and operating profit and other income items increased by ¥128.882 million. - FY2021First statedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The company disclosed that it planned to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2022, and that it was evaluating the impact on the consolidated financial statements.