Adoption of the accounting standard for revenue recognition from the fiscal year ending March 2022
First written in FY2021. 2 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
- FY2022AchievedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the current 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.」
The scheduled revenue recognition accounting standard was applied from the beginning of the fiscal year. Net sales and cost of sales decreased by ¥5,005 million compared with the previous method, but there was no impact on profit. - FY2022-Q3Update on the impact of application in the third quarterAnnual report
「As a result of this application, net sales and cost of sales for the cumulative third-quarter consolidated period decreased by ¥3,322 million compared with the previous method, but there was no impact on operating income, ordinary income or quarterly profit before income taxes.」
The company continued to apply the revenue recognition accounting standard. For the cumulative third quarter, net sales and cost of sales decreased by ¥3,322 million compared with the previous method, but there was no impact on operating income or other income measures. - FY2022-Q2Update on the impact of application in the second quarterAnnual report
「In addition, in accordance with the transitional treatment prescribed in paragraph 28-15 of the “Accounting Standard for Quarterly Financial Reporting” (ASBJ Statement No. 12, 31 March 2020), the company has not presented disaggregated information on revenue arising from contracts with customers for the previous second-quarter consolidated cumulative period.」
The company continued to apply the revenue recognition accounting standard. For the cumulative second quarter, net sales and cost of sales decreased by ¥1,925 million compared with the previous method, but there was no impact on operating income or other income measures. - FY2022-Q1AchievedAnnual report
「The Company applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and other relevant 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 is transferred to the customer.」
The company applied the revenue recognition accounting standard, which had been scheduled for application from the beginning of the fiscal year ending March 2022, from the beginning of the first-quarter consolidated accounting period. Net sales and cost of sales decreased by ¥546 million, but there was no impact on operating income, ordinary income or quarterly profit before income taxes. - FY2021First statedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The company indicated that it plans to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022, and expects the impact on the consolidated financial statements to be immaterial.