Preparing for adoption of the revenue recognition accounting standard in the fiscal year ending March 2022
First written in FY2019. 1 of 6 entries say "Restated". Latest entry: FY2022.
- FY2022Reduction in reported full-year revenue due to adoption of the revenue recognition standardAnnual report
「As a result, deducting sales commissions previously recorded in selling, general and administrative expenses from revenue reduced revenue for the fiscal year by ¥67 million. However, there was no impact on operating profit, ordinary profit or net income.」
The Company explained that applying the revenue recognition standard reduced full-year revenue by ¥67 million, but had no impact on operating profit, ordinary profit or net income. - FY2022-Q3Impact of applying the revenue recognition standard on reported revenueAnnual report
「As a result, deducting sales commissions previously recorded in selling, general and administrative expenses from revenue reduced revenue for the cumulative third quarter by ¥53 million. However, there was no impact on operating profit, ordinary loss or quarterly net loss. There was also no cumulative impact to be reflected in the beginning balance of retained earnings for the current fiscal year.」
The Company explained that applying the revenue recognition standard reduced revenue by ¥53 million, but had no impact on operating profit, ordinary loss, quarterly net loss or the beginning balance of retained earnings. - FY2022-Q1AchievedAnnual 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 of the current fiscal year」
The Company applied the Accounting Standard for Revenue Recognition and related standards as planned from the beginning of the fiscal year ending March 2022. The impact of the application was immaterial, and there was no cumulative impact on the beginning balance of retained earnings. - FY2021AdvancedAnnual report
「The impact on the financial statements of applying the Accounting Standard for Revenue Recognition and related standards is immaterial.」
While retaining the plan to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022, the Company assessed the impact on the financial statements as immaterial, rather than under evaluation as previously stated. - FY2020RestatedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The Company reaffirmed its plan to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022, with the amount of the impact still under evaluation. - FY2019First statedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The Company stated 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 that their impact on the financial statements is under evaluation.