Application of the Revenue Recognition Standard from the Fiscal Year Ending March 2022
First written in FY2018. 6 of 8 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「We adopted the Accounting Standard for Revenue Recognition 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 promised goods or services when control of those goods or services transfers to the customer.」
The full-year figures have been reviewed after applying the Accounting Standard for Revenue Recognition and related standards. The application increased net sales by ¥249.817 million and operating income, ordinary income and other items by ¥120.254 million each, while reducing retained earnings at the beginning of the period by ¥135.443 million. - FY2022-Q3RestatedAnnual report
「As a result, for the nine-month period ended the third quarter, net sales increased by ¥428 million, cost of sales increased by ¥252 million, and operating income, ordinary income and income before income taxes increased by ¥175 million each. In addition, the opening balance of retained earnings decreased by ¥135 million.」
The company continues to apply the Accounting Standard for Revenue Recognition and related guidance, disclosing the impact on the nine-month period ended the third quarter as a ¥428 million increase in net sales, ¥175 million increases in operating income, ordinary income and other relevant items, and a ¥135 million decrease in retained earnings at the beginning of the fiscal year. - FY2022-Q2RestatedAnnual report
「As a result, for the six-month period ended the second quarter, net sales increased by ¥421 million, cost of sales increased by ¥247 million, and operating income, ordinary income and income before income taxes increased by ¥173 million each. In addition, the opening balance of retained earnings decreased by ¥135 million.」
The company continues to apply the Accounting Standard for Revenue Recognition and related guidance, disclosing the impact on the six-month period ended the second quarter as a ¥421 million increase in net sales, ¥173 million increases in operating income, ordinary income and other relevant items, and a ¥135 million decrease in retained earnings at the beginning of the fiscal year. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other applicable standards were adopted from the beginning of the first quarter 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 Accounting Standard for Revenue Recognition and related guidance were actually applied from the beginning of the fiscal year ending March 2022. As a result of the adoption, net sales increased by ¥430 million, operating income and ordinary income each increased by ¥174 million, and retained earnings at the beginning of the fiscal year decreased by ¥135 million. - FY2021RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and the Implementation Guidance on Accounting Standard for Revenue Recognition (Implementation Guidance No. 30, 26 March 2021) are scheduled to apply from the beginning of the fiscal year ending March 2022.」
The company continues to plan to apply the accounting standard related to revenue recognition from the beginning of the fiscal year ending March 2022. - FY2019RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 30 March 2018) and the Implementation Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018) were scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company continues to plan to apply the accounting standard related to revenue recognition from the beginning of the fiscal year ending March 2022. - FY2019-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 30 March 2018) and the Implementation Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018) were scheduled to be applied from the beginning of the fiscal year ending March 2022.」
There is no longer a statement that the accounting standard for revenue recognition is scheduled to be applied for the fiscal year ending March 2022, and a separate amendment concerning tax-effect accounting has been applied in the current quarter. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018) and the 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. Revenue is recognized when, or as, the entity identifies a contract with a customer, identifies the performance obligations in the contract, determines the transaction price, allocates the transaction price to the performance obligations, and satisfies the performance obligations.」
The company disclosed for the first time that it plans to apply the new accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022. The amount of the impact of adoption was stated to be under assessment as of the date of preparation.