Application of the Accounting Standard for Revenue Recognition from the Fiscal Year Ending March 2022
First written in FY2020. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
- FY2022Update to the full-year impact after adoptionAnnual report
「As a result, compared with before applying the accounting standards for revenue recognition and related standards, the consolidated income statement for the fiscal year shows that revenue decreased by ¥563 million, cost of sales increased by ¥36 million, selling, general and administrative expenses decreased by ¥320 million, operating profit decreased by ¥279 million, non-operating income decreased by ¥150 million, non-operating expenses decreased by ¥284 million, and ordinary profit and profit before income taxes each decreased by ¥144 million.」
As the full-year impact after applying the accounting standard for revenue recognition, the Company discloses a ¥563 million decrease in revenue, a ¥279 million decrease in operating profit, and a ¥144 million decrease in ordinary profit and other items. - FY2022-Q3Update to the impact after adoption for the cumulative third-quarter periodAnnual report
「As a result, revenue for the cumulative third-quarter period decreased by ¥438 million, selling, general and administrative expenses decreased by ¥232 million, operating profit decreased by ¥206 million, non-operating expenses decreased by ¥204 million, and ordinary profit and profit before income taxes decreased by ¥2 million. In addition, the opening balance of retained earnings increased by ¥104 million.」
The Company updates the impact of applying the accounting standard for revenue recognition to a cumulative third-quarter basis, specifically disclosing a ¥438 million decrease in revenue and a ¥206 million decrease in operating profit, among other impacts. - FY2022-Q2Disclosure of the impact after adoptionAnnual report
「As a result, revenue for the cumulative second-quarter period decreased by ¥282 million, selling, general and administrative expenses decreased by ¥154 million, operating profit decreased by ¥128 million, non-operating expenses decreased by ¥137 million, and ordinary profit and profit before income taxes increased by ¥8 million.」
For the accounting standard for revenue recognition applied from the beginning of the first-quarter consolidated accounting period, the Company specifically discloses the impact on revenue, operating profit and other items for the cumulative second-quarter period. - FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is now 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 company applied the Accounting Standard for Revenue Recognition and related standards, which had been scheduled for adoption from the beginning of the fiscal year ending March 2022, from the beginning of the first quarter of the current fiscal year. - FY2020First statedAnnual report
「(2) Scheduled date of application: We will apply the standard from the beginning of the fiscal year ending March 2022.」
The Company discloses for the first time that it plans to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022.