Application of the Accounting Standard for Revenue Recognition for the Fiscal Year Ending March 2022
First written in FY2018. 2 of 6 entries say "Restated". Latest entry: FY2022.
- FY2022Annual Impact FinalizedAnnual report
「As a result, net sales for the current consolidated fiscal year decreased by ¥63 million, cost of sales decreased by ¥27 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥35 million each. There was no impact on the opening balance of retained earnings.」
The impact of the Revenue Recognition Accounting Standard, applied from the beginning of the fiscal year, on full-year net sales and profit was disclosed. - FY2022-Q3Cumulative Impact UpdatedAnnual report
「As a result, net sales for the nine months ended the third quarter decreased by ¥63 million, cost of sales decreased by ¥33 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥29 million each. There was no impact on the opening balance of retained earnings.」
The company disclosed that applying the Revenue Recognition Accounting Standard from the beginning of the first quarter of the current consolidated fiscal year reduced nine-month net sales by ¥63 million and operating profit, among other items, by ¥29 million. - FY2022-Q2RestatedAnnual report
「As a result, net sales for the six months ended the second quarter decreased by ¥19 million, cost of sales decreased by ¥9 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥10 million each.」
The company has disclosed specific figures for the impact on the cumulative results for the current quarter of applying the Revenue Recognition Accounting Standard from the beginning of the first quarter of the current consolidated fiscal year. Application has already begun, and there has been no further change to the effective date. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year.」
The previously scheduled application of the Revenue Recognition Accounting Standard began at the start of the first quarter of the current consolidated fiscal year, which was the beginning of the fiscal year ending March 2022. As a result, net sales and operating profit, among other items, decreased by ¥19 million and ¥8 million, respectively, in the current quarter. - FY2021RestatedAnnual report
「(2) Scheduled effective date: The standard will be applied from the beginning of the fiscal year ending March 2022.」
The company reconfirmed its plan to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022, with the impact still under assessment. - FY2018First statedAnnual report
「(2) Scheduled effective date: 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 stated that the impact on the consolidated financial statements is currently being assessed.