Application of the Accounting Standard for Revenue Recognition from the Fiscal Year Ending March 2022
First written in FY2019. 2 of 6 entries say "Restated". Latest entry: FY2023-Q1.
1 other company's latest entry also says "Cited as achieved".
- FY2023-Q1Cited as achievedAnnual report
「Gross profit increased only slightly to ¥843 million, up 0.5% year on year, due partly to a decline from the increase in profit resulting from the application of the accounting standard for revenue recognition and other standards in the same quarter of the previous year.」
The company cited the increase in profit resulting from applying the accounting standard for revenue recognition and other standards in the first quarter of the previous fiscal year as a factor behind the decline in the year-on-year comparison for the current quarter. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」
The company provided details of the accounting treatment after applying the accounting standard for revenue recognition from the first quarter, including the identification of performance obligations for long-term projects and the presentation of sales commissions and sales discounts. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were applied 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 application from the fiscal year ending March 2022 was implemented from the beginning of the current first quarter. As a result, operating profit increased by ¥14.294 million, while ordinary profit and profit before income taxes increased by ¥17.570 million. - FY2021AdvancedAnnual report
「The application of the Accounting Standard for Revenue Recognition and other standards has no material impact on the consolidated financial statements.」
The company maintained its plan to apply the standards from the beginning of the fiscal year ending March 2022 and indicated that they would have no material impact on the consolidated financial statements. - FY2020RestatedAnnual report
「The revenue-recognition accounting standard and related standards are scheduled to be adopted from the beginning of the fiscal year ending March 2022.」
The Company has reconfirmed its plan to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「The revenue-recognition accounting standard and related standards are scheduled to be adopted from the beginning of the fiscal year ending March 2022.」
The planned application of the accounting standard for revenue recognition and other standards from the beginning of the fiscal year ending March 2022 was disclosed for the first time, with the impact on the financial statements still under evaluation.