Application of the Accounting Standard for Revenue Recognition for the Fiscal Year Ending March 2022
First written in FY2020. 1 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
- FY2022Annual impact updatedAnnual report
「As a result, for the current consolidated fiscal year, revenue decreased by ¥136 million, selling, general and administrative expenses decreased by ¥14 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥121 million each. Retained earnings at the beginning of the fiscal year also increased by ¥828 million.」
The full-year impact of applying the revenue recognition accounting standard was updated. Revenue and operating profit and other items decreased by ¥136 million and ¥121 million, respectively, while retained earnings at the beginning of the fiscal year increased by ¥828 million. - FY2022-Q3Impact of adoption updatedAnnual report
「As a result, for the first 3 quarters of the current consolidated fiscal year, revenue decreased by ¥111 million, selling, general and administrative expenses decreased by ¥13 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥98 million each. Retained earnings at the beginning of the fiscal year also increased by ¥828 million.」
It discloses the impact of applying the revenue recognition accounting standard on revenue and profit for the first 3 quarters and on retained earnings at the beginning of the fiscal year. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we have applied the Accounting Standard for Revenue Recognition and related standards, and recognize revenue at the amount expected to be received in exchange for goods or services when control of the promised goods or services transfers to the customer.」
The revenue recognition accounting standard, whose application had been scheduled from the fiscal year ending March 2022, was actually applied from 1 April 2021. As a result of the application, revenue and operating profit and other items decreased by ¥34 million and ¥32 million, respectively, while retained earnings at the beginning of the fiscal year increased by ¥828 million. - FY2020First statedAnnual report
「Revenue Recognition Accounting Standard (ASBJ Statement No. 29, 31 March 2020)」
The company states that the new accounting standards and other guidance concerning revenue recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022, and that the impact is still being assessed.