Application of the revenue recognition accounting standard from the fiscal year ending March 2022
First written in FY2018. 2 of 6 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3Update on the quarterly application impact of the revenue recognition accounting standardAnnual report
「As a result, revenue for the cumulative third quarter decreased by ¥140.574 million, cost of sales decreased by ¥13.917 million, and selling, general and administrative expenses decreased by ¥126.657 million, but operating profit, ordinary profit and profit before income taxes and other adjustments were unaffected.」
The company updated the impact on revenue and other items for the cumulative third quarter of the revenue recognition accounting standard already applied. It stated that there was no impact on operating profit, ordinary profit or profit before income taxes and other adjustments. - FY2022-Q2Update on the quarterly application impact of the revenue recognition accounting standardAnnual report
「As a result, revenue for the cumulative second quarter decreased by ¥78.647 million, cost of sales decreased by ¥5.684 million, and selling, general and administrative expenses decreased by ¥72.962 million, but operating profit, ordinary profit and profit before income taxes and other adjustments were unaffected.」
The company disclosed the impact on revenue and other items for the cumulative second quarter of applying the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022. It stated that there was no impact on profit. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the first quarter of the current fiscal year. Accordingly, the major management indicators for the cumulative first quarter reflect application of these accounting standards.」
The revenue recognition accounting standard and related standards, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were applied from the beginning of the first quarter of the current fiscal year. The company also disclosed changes in accounting treatment, including net presentation for transactions as an agent, deduction of sales rebates from revenue, and recognition of liabilities related to transactions involving supplied materials. - FY2021RestatedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The company continued to plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and was assessing the impact. - FY2019RestatedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The Company continues to plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022. - FY2018First statedAnnual report
「(2) Scheduled application date The standard will be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standard and related standards The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and related standards is currently under assessment.」
The company planned to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022, and was assessing the impact on the financial statements.