Planned 2023 application of the accounting standard for revenue recognition
First written in FY2019. 2 of 5 entries say "Restated". Latest entry: FY2023-Q3.
4 other companies' latest entry also says "Other".
- FY2023-Q3Disclosure of cumulative impact from adoption of the revenue recognition standardAnnual report
「As a result, net sales for the nine-month cumulative period of the current consolidated fiscal year increased by ¥500 million, cost of sales increased by ¥416 million, and operating profit, ordinary profit and profit before income taxes for the quarter each increased by ¥84 million. In addition, the opening balance of retained earnings increased by ¥600 million.」
The Company continues to apply the revenue recognition standards and related guidance and discloses the cumulative impact on net sales, profit and the opening balance of retained earnings for the nine-month cumulative period of the current fiscal year. - FY2023-Q2RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related 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 transfers to the customer.」
The Company continues to apply the revenue recognition standards and related guidance that were scheduled to be applied from the beginning of the fiscal year ending February 2023, and discloses their impact, including the presentation of performance obligations satisfied over time and contract assets, and a ¥128 million increase in net sales. - FY2023-Q1AchievedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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 transfers to the customer.」
The revenue recognition standards and related guidance that were scheduled to be applied from the beginning of the fiscal year ending February 2023 were actually applied from the beginning of the first quarter of the current consolidated fiscal year. Net sales decreased by ¥113 million, operating profit and other profit measures decreased by ¥68 million, and the opening balance of retained earnings increased by ¥600 million. - FY2021RestatedAnnual report
「The standard is scheduled to be adopted from the beginning of the fiscal year ending February 2023.」
The Company continues to disclose its plan to apply the revenue recognition standard from the beginning of the fiscal year ending February 2023. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending February 2023.」
The Company discloses for the first time that it plans to apply the new revenue recognition standards from the beginning of the fiscal year ending February 2023. The amount of the impact is stated to be under assessment.