Application of the Revenue Recognition Accounting Standard and Related Standards in the Fiscal Year Ending February 2023
First written in FY2022. 1 of 6 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2024-Q2.
- FY2024-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, the key management indicators and other figures for the cumulative second quarter reflect application of those standards.」
The Company reconfirmed that the Accounting Standard for Revenue Recognition and related standards had been applied from the beginning of the first quarter. - FY2023Annual Impact FinalizedAnnual report
「As a result, revenue for the current consolidated fiscal year decreased by ¥147.063 million, cost of sales decreased by ¥261 thousand, gross profit decreased by ¥146.802 million, selling, general and administrative expenses decreased by ¥88.762 million, operating profit decreased by ¥58.039 million, non-operating expenses decreased by ¥94.772 million, and ordinary profit and profit before income taxes each increased by ¥36.732 million. Retained earnings at the beginning of the fiscal year also decreased by ¥258.844 million.」
The Company provided definitive full-year disclosure of the impact of applying the Accounting Standard for Revenue Recognition on revenue, profit and retained earnings at the beginning of the fiscal year. - FY2023-Q3Additional disclosure of cumulative impactAnnual report
「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year decreased by ¥128.538 million, cost of sales increased by ¥10.955 million, gross profit decreased by ¥139.494 million, selling, general and administrative expenses decreased by ¥58.020 million, operating loss increased by ¥81.473 million, non-operating expenses decreased by ¥63.893 million, and ordinary loss and loss before income taxes each increased by ¥17.580 million. Retained earnings at the beginning of the fiscal year also decreased by ¥258.844 million.」
The Company provided additional disclosure of the impact of the Accounting Standard for Revenue Recognition, applied from the first quarter, on revenue, profit and retained earnings at the beginning of the fiscal year for the cumulative third quarter. - FY2023-Q2Additional disclosure of the impact of adoptionAnnual report
「As a result, revenue for the cumulative second quarter of the current consolidated fiscal year decreased by ¥87.207 million, cost of sales increased by ¥10.301 million, gross profit decreased by ¥97.509 million, selling, general and administrative expenses decreased by ¥40.610 million, operating loss increased by ¥56.898 million, non-operating expenses decreased by ¥48.608 million, and ordinary loss and loss before income taxes each increased by ¥8.290 million. Retained earnings at the beginning of the fiscal year also decreased by ¥258.844 million.」
The Company provided additional disclosure of the impact of the Accounting Standard for Revenue Recognition, applied from the beginning of the first quarter, on revenue, profit and retained earnings at the beginning of the fiscal year for the cumulative second quarter. - FY2023-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the current first quarter of the consolidated fiscal year. Accordingly, the key management indicators and other information for the cumulative first quarter reflect application of these accounting standards and related standards.」
The Accounting Standard for Revenue Recognition and related standards, scheduled for the previous fiscal year, were actually applied from the beginning of the fiscal year on 1 March 2022. As a result, operating loss increased by ¥43.891 million and retained earnings at the beginning of the fiscal year decreased by ¥258.844 million. - FY2022First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending February 2023. The amount of the impact of applying the Accounting Standard for Revenue Recognition and related standards on the consolidated financial statements is currently being assessed.」
The Company plans to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending February 2023, and is currently assessing the impact on the financial statements.