Adoption of the Revenue Recognition Standard From the Fiscal Year Ending March 2022
First written in FY2018. 4 of 7 entries say "Restated". Latest entry: FY2022.
- FY2022Impact of application disclosedAnnual report
「As a result, compared with before application of the accounting standards for revenue recognition and related standards, net sales increased by ¥100 million and cost of sales increased by ¥77 million for the consolidated fiscal year, while operating income, ordinary income and profit before income taxes increased by ¥22 million each.」
The company specifically disclosed the impact of applying the accounting standard for revenue recognition on net sales, profit and retained earnings at the beginning of the fiscal year. - FY2022-Q3RestatedAnnual 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 consolidated fiscal year.」
The accounting standards for revenue recognition and related standards, which were applied from the beginning of the fiscal year ending March 2022, continue to be applied in the third quarter of the current fiscal year. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard") and related standards were applied from the beginning of the first quarter consolidated accounting period. 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.」
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, continue to be applied from the beginning of the current fiscal year. - FY2022-Q1AchievedAnnual report
「The Group applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter under review. 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 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 applied from the beginning of the first quarter of the current consolidated fiscal year. The methods used to recognize revenue from parts and product sales transactions and construction contracts were also changed. - FY2020RestatedAnnual report
「Application is scheduled to begin at the start of the fiscal year ending March 2022.」
The planned application of the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022 has been reconfirmed. - FY2019RestatedAnnual report
「Application is scheduled to begin at the start of the fiscal year ending March 2022.」
The planned application of the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022 has been reconfirmed. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018) and the Implementation Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018) are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The new accounting standard for revenue recognition is scheduled to be applied from the beginning of the fiscal year ending March 2022, with the impact still under assessment.