Future Application of the Revenue Recognition Accounting Standard
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2022.
64 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the current consolidated fiscal year. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company reconfirmed in its full-year results that it had applied the Revenue Recognition Accounting Standard from the beginning of the current consolidated fiscal year. - FY2022-Q2RestatedAnnual report
「The Company adopted 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 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 company continued applying the accounting standard on revenue recognition in the second quarter after adopting it in the first quarter, and disclosed impacts including a ¥138 million reduction in revenue and an ¥83 million reduction in operating profit. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The company applied the accounting standard on revenue recognition, which had been scheduled for application from the beginning of the fiscal year ending March 2022, from the beginning of the first quarter of the current consolidated fiscal year. It also changed the methods of recognizing revenue from construction contracts and presenting sales incentives and other items, reducing operating profit by ¥34 million. - FY2021AdvancedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact on the opening balance of retained earnings for the following consolidated fiscal year is expected to be immaterial.」
The company stated that it planned to apply the accounting standard on revenue recognition from the beginning of the fiscal year ending March 2022 and expected certain costs to be recorded as a reduction in revenue. - FY2018First statedAnnual report
「Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018).」
The company disclosed that it had not yet applied the new accounting standard on revenue recognition, stating that it planned to apply it from the beginning of the fiscal year ending March 2022 and was assessing the amount of its impact.