Application of the Revenue Recognition Accounting Standard for the fiscal year ending June 2022
First written in FY2018. 4 of 8 entries say "Restated". Latest entry: FY2026.
91 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We will apply the Accounting Standard for Leases and related standards from the beginning of the fiscal year ending June 2028.」
The planned adoption date for the new lease accounting standards and other standards is stated as the beginning of the fiscal year ending June 2028, with the amount of the impact still under assessment. - FY2022Updated with full-year impactAnnual report
「The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other standards have been applied from the beginning 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. Accordingly, for performance obligations satisfied over a certain period in construction contracts and similar arrangements, the method has been changed to estimate the progress toward satisfaction of the performance obligation, except when the period is very short, and recognize revenue over the period based on that progress.」
The Revenue Recognition Accounting Standard was applied from the beginning of the fiscal year ending June 2022, and construction contracts and similar arrangements were changed to revenue recognition over the relevant period based on progress. For the full year, net sales decreased by ¥38.257 million, operating profit and related measures decreased by ¥3.631 million, and opening retained earnings increased by ¥11.686 million. - FY2022-Q3Update to the Cumulative Impact of the Revenue Recognition StandardAnnual report
「As a result, for the cumulative first three quarters of the current consolidated fiscal year, net sales increased by ¥149.086 million, cost of sales increased by ¥101.969 million, and operating profit, ordinary profit and profit before income taxes increased by ¥47.117 million each. In addition, the opening balance of retained earnings increased by ¥11.686 million.」
For the Revenue Recognition Accounting Standard, which has already been applied, the cumulative impact was updated, including an increase of ¥149.086 million in net sales and ¥47.117 million in operating profit and related measures for the cumulative first three quarters. - FY2022-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 revenue recognition method under the Revenue Recognition Accounting Standard, applied from the beginning of the first quarter, continues to recognize revenue when control is transferred and based on progress for construction contracts and similar arrangements. - FY2022-Q1AchievedAnnual report
「The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other standards have been applied 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. Accordingly, for performance obligations satisfied over a certain period in construction contracts and similar arrangements, the method has been changed to estimate the progress toward satisfaction of the performance obligation, except when the period is very short, and recognize revenue over the period based on that progress. As a result, for the cumulative first quarter of the current consolidated fiscal year, net sales increased by ¥171.417 million, cost of sales increased by ¥110.398 million, and operating profit, ordinary profit and profit before income taxes increased by ¥61.019 million each. In addition, the opening balance of retained earnings increased by ¥11.686 million.」
The Revenue Recognition Accounting Standard, scheduled to be applied from the beginning of the fiscal year ending June 2022, was applied in practice, and construction contracts and similar arrangements were changed to revenue recognition based on progress over the relevant period. First-quarter net sales increased by ¥171.417 million, while operating profit and related measures increased by ¥61.019 million. - FY2021RestatedAnnual report
「We will apply it from the beginning of the fiscal year ending June 2022.」
The Accounting Standard for Revenue Recognition is scheduled to be applied from the beginning of the fiscal year ending June 2022, and the impact remains under evaluation. - FY2019RestatedAnnual report
「(2) Scheduled date of application The standard will be applied from the beginning of the fiscal year ending June 2022. (3) Impact of applying the accounting standard and related standards The impact of applying the Accounting Standard for Revenue Recognition and related standards on the consolidated financial statements is currently being evaluated.」
The Accounting Standard for Revenue Recognition is scheduled to be applied from the beginning of the fiscal year ending June 2022, and the impact continues to be evaluated. - FY2018First statedAnnual report
「(2) Scheduled date of application The standard will be applied from the beginning of the fiscal year ending June 2022. (3) Impact of applying the accounting standard and related standards The impact of applying the Accounting Standard for Revenue Recognition and related standards on the consolidated financial statements is currently being evaluated.」
The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending June 2022, and the impact on the financial statements is currently being evaluated.