Preparing for the Future Adoption of the Accounting Standard for Revenue Recognition
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other standards were applied from the beginning of the current fiscal year. As a result, revenue for the current fiscal year decreased by ¥115 million, while operating profit and ordinary profit each decreased by ¥7 million.」
The company continued applying the revenue recognition accounting standard and disclosed its impact on full-year revenue, operating profit and ordinary profit. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the cumulative second-quarter period decreased by ¥28.188 million, cost of sales decreased by ¥23.652 million, and operating profit, ordinary profit and profit before income taxes each decreased by ¥4.535 million.」
The company disclosed the specific impact on the cumulative second-quarter period of applying the revenue recognition accounting standard from the beginning of the first quarter. - FY2022-Q1AchievedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter the “Revenue Recognition Standard”) and related standards from the beginning of the current first-quarter accounting period. 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.」
The revenue recognition accounting standard was applied from the beginning of the first quarter. As a result, revenue for the cumulative period through the quarter decreased by ¥8.582 million, while operating profit, ordinary profit and profit before income taxes decreased by ¥3.205 million each. - FY2020AdvancedAnnual report
「The non-audit services consisted of advice and guidance on examining accounting policies in connection with the application of Accounting Standard No. 29, Accounting Standard for Revenue Recognition.」
In preparation for the future adoption of the revenue recognition accounting standard, the company received advice and guidance from the audit firm on examining its accounting policies. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition were scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact was still being assessed when these consolidated financial statements were prepared.」
The new accounting standard for revenue recognition was scheduled to be applied from the beginning of the fiscal year ending March 2022, and its impact on the financial statements was being assessed.