Planned Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter, net sales increased by ¥100 million, cost of sales increased by ¥180 million, selling, general and administrative expenses decreased by ¥103 million, and operating profit, ordinary profit and profit before income taxes increased by ¥23 million each.」
The company continued to apply the Revenue Recognition Standard and related standards, disclosing an impact of ¥100 million on net sales and ¥23 million on operating profit and related items for the nine months ended the third quarter. - FY2022-Q2RestatedAnnual report
「The company applied the “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter. 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. As a result, for the six months ended the second quarter, net sales increased by ¥127 million, cost of sales increased by ¥180 million, selling, general and administrative expenses decreased by ¥76 million, and operating profit, ordinary profit and profit before income taxes increased by ¥23 million each.」
The company continued to apply the Revenue Recognition Standard, resulting in increases of ¥127 million in net sales and ¥23 million in operating profit and related items for the six months ended the second quarter. - 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 accounting standard and related guidance on revenue recognition, which had been scheduled for adoption from the beginning of the fiscal year ending March 2022, were actually applied from the beginning of the first quarter. As a result, net sales increased by ¥163 million, operating profit and related items increased by ¥16 million, and retained earnings at the beginning of the period decreased by ¥16 million. - FY2021RestatedAnnual report
「Scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company continues to disclose its plan to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022. - FY2020RestatedAnnual report
「Scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company has continued to disclose its plan to apply the accounting standard and implementation guidance on revenue recognition from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「Scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company stated for the first time that it planned to apply the accounting standard and implementation guidance on revenue recognition from the beginning of the fiscal year ending March 2022. It stated that the impact of the adoption was still being assessed.