Application of the Revenue Recognition Standard from the Fiscal Year Ending March 2022
First written in FY2018. 2 of 6 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3Update to the amount of the third-quarter impactAnnual report
「As a result, for the cumulative third quarter, net sales increased by ¥1,877 million, cost of sales increased by ¥1,363 million, and selling, general and administrative expenses increased by ¥37 million. Operating income, ordinary income and profit before income taxes increased by ¥476 million each. The opening balance of retained earnings also increased by ¥156 million.」
The company updated the impact of applying the Revenue Recognition Accounting Standard on a cumulative third-quarter basis and discloses the amounts of its impact on net sales, each expense item, operating income and other items, and retained earnings. - FY2022-Q2Disclosure of the Impact of AdoptionAnnual report
「The company applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020, hereinafter the "Revenue Recognition Accounting Standard") and related standards from the beginning of the first quarter of the consolidated 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 is transferred to the customer. As a result, for the cumulative second quarter, net sales increased by ¥1,086 million, cost of sales increased by ¥873 million, and selling, general and administrative expenses increased by ¥15 million. Operating income, ordinary income and profit before income taxes increased by ¥196 million each. The opening balance of retained earnings also increased by ¥156 million.」
For the Revenue Recognition Accounting Standard applied from the beginning of the first quarter of the consolidated fiscal year, the company discloses the amounts of its impact on net sales, expenses, profit and retained earnings for the cumulative second quarter. - FY2022-Q1AchievedAnnual report
「The company has applied 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 consolidated fiscal year. Accordingly, the key management indicators for the cumulative first quarter of the 87th fiscal year reflect application of these accounting standards and related standards.」
The accounting standards for revenue recognition and related standards, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were actually applied from the beginning of the first quarter of the current consolidated fiscal year. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other standards will be applied from the beginning of the fiscal year ending March 2022.」
The company reiterated its plan to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022 and states that the amount of their impact is under assessment. - FY2019RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other standards will be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the new revenue recognition accounting standards and related standards from the beginning of the fiscal year ending March 2022 and states that the amount of their impact remains under assessment. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards will be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the new revenue recognition accounting standards and related standards from the beginning of the fiscal year ending March 2022 and states that the amount of their impact on the consolidated financial statements is being assessed.