Preparing to Apply the Revenue Recognition Standard in the Fiscal Year Ending August 2022
First written in FY2018. 1 of 6 entries say "Restated". Latest entry: FY2022.
83 other companies' latest entry also says "Other".
- FY2022Disclosure of impacts on full-year comparative informationAnnual report
「As a result, compared with before retrospective application, revenue for the previous consolidated fiscal year increased by ¥2.606079 billion, cost of sales increased by ¥2.125110 billion, and operating income, ordinary income and profit before income taxes increased by ¥480.969 million each.」
The Company disclosed the impacts of applying the accounting standard for revenue recognition on revenue, cost of sales and profit in the full-year comparative information. - FY2022-Q3Disclosure of impacts on the third-quarter cumulative comparative informationAnnual report
「As a result, compared with before retrospective application, revenue for the previous third-quarter cumulative consolidated period increased by ¥2.612 billion, cost of sales increased by ¥2.128 billion, and operating income, ordinary income and profit before income taxes increased by ¥483 million each. In addition, the opening balance of retained earnings for the previous fiscal year decreased by ¥764 million because the cumulative impact was reflected in net assets at the beginning of that fiscal year.」
For the accounting standard for revenue recognition applied from the first quarter, the Company specifically disclosed changes in revenue, cost of sales, each profit measure and retained earnings as impacts on the third-quarter cumulative comparative information. - FY2022-Q2Quantification of the impact of applying the accounting standardAnnual report
「As a result, compared with before retrospective application, revenue for the previous second quarter cumulative consolidated period increased by ¥3.077 billion, cost of sales increased by ¥2.426 billion, and operating income, ordinary income and profit before income taxes increased by ¥651 million each. In addition, the opening balance of retained earnings for the previous fiscal year decreased by ¥764 million because the cumulative impact was reflected in net assets at the beginning of that fiscal year.」
For the accounting standard for revenue recognition applied from the first quarter, the Company specifically disclosed the impacts of retrospective application on revenue, cost of sales, profit and retained earnings. - FY2022-Q1AchievedAnnual report
「The Group adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. Revenue is recognized at the point when control of promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The accounting standard for revenue recognition, which had been scheduled for application from the beginning of the fiscal year ending August 2022, was actually applied from the beginning of the first quarter of the current consolidated accounting period. Revenue recognition was changed from recognition based on the shipping date or bill of lading date to recognition when control of the goods or services transfers. - FY2020RestatedAnnual report
「The company will apply the standard from the beginning of the fiscal year ending August 2022.」
The Company reconfirmed its plan to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending August 2022. - FY2018First statedAnnual report
「The company will apply the standard from the beginning of the fiscal year ending August 2022.」
The Company first explicitly stated that it planned to apply the accounting standards for revenue recognition and other related standards from the beginning of the fiscal year ending August 2022, while stating that the impact on the financial statements was still being assessed.