Preparation for adopting the revenue recognition and fair value measurement accounting standards
First written in FY2022. 2 of 4 entries say "Restated". Latest entry: FY2023-Q3.
126 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「As a result, this change in accounting policy reduced net sales and cost of sales for the nine months ended 31 December 2022 by ¥78.509 million each, with no impact on operating loss, ordinary loss, loss before income taxes, or the opening balance of retained earnings.」
The company disclosed that adoption of the revenue recognition accounting standard from the beginning of the first quarter reduced net sales and cost of sales by ¥78.509 million each for the nine months, with no impact on retained earnings or other items. - FY2023-Q2RestatedAnnual report
「As a result, this change in accounting policy reduced net sales and cost of sales for the six months ended 30 September 2022 by ¥51.378 million each, with no impact on operating loss, ordinary loss, loss before income taxes, or the opening balance of retained earnings.」
The company disclosed that adoption of the revenue recognition accounting standard from the beginning of the first quarter reduced net sales and cost of sales by ¥51.378 million each for the six months, with no impact on profit. - FY2023-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 accounting standards for revenue recognition and related standards, which had been scheduled for adoption in the previous fiscal year, were adopted from the beginning of the first quarter of the fiscal year ending March 2022, on 1 March 2022. As a result, quarterly net sales and cost of sales each decreased by ¥23.109 million, with no impact on operating loss or other loss figures. - FY2022First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards are scheduled to be applied from the beginning of the fiscal year ending February 2023.」
The Company first disclosed that the revenue recognition standard and fair value measurement standard would be applied from the beginning of the fiscal year ending February 2023. The impact of the revenue recognition standard was under assessment, while the impact of the fair value measurement standard was expected to be immaterial.