Planned adoption of the revenue recognition accounting standard in the fiscal year ending September 2022
First written in FY2018. 1 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「As a result, during the cumulative third quarter of the current consolidated fiscal year, net sales decreased by ¥277 million, selling, general and administrative expenses by ¥266 million, operating income by ¥11 million and non-operating expenses by ¥11 million, respectively, while ordinary income and profit before income taxes decreased by ¥0 million each.」
The Company continued applying the revenue recognition accounting standard and reported the impact on cumulative-period net sales and other figures from deducting sales incentives and sales discounts from net sales. - FY2022-Q1AchievedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (Accounting Standard 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 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 planned adoption of the revenue recognition accounting standard from the beginning of the fiscal year ending September 2022 entered the implementation phase, and the Company began deducting sales incentives and sales discounts from net sales. - FY2021AdvancedAnnual report
「We will apply it from the beginning of the fiscal year ending September 2022.」
The Company again stated that it planned to adopt the revenue recognition accounting standard from the beginning of the fiscal year ending September 2022 and that the amount of the impact was under assessment as of that time. - FY2018First statedAnnual report
「Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 30 March 2018)」
The Company stated that the accounting standards for revenue recognition and related standards had not yet been adopted, that adoption was scheduled from the beginning of the fiscal year ending September 2022, and that the amount of the impact was under assessment.