Adoption of the Revenue Recognition Standard From the Fiscal Year Ending March 2022
First written in FY2018. 3 of 8 entries say "Restated". Latest entry: FY2022.
10 other companies' latest entry also says "Other".
- FY2022Full-Year Impact ConfirmedAnnual report
「As a result, sales and cost of sales for the current consolidated fiscal year each decreased by ¥9,797 million, but there was no impact on operating profit, ordinary profit, profit before income taxes, or earnings per share.」
The revenue recognition accounting standards were applied for the full fiscal year. Although net-basis recognition of agency transactions reduced sales and cost of sales by ¥9,797 million each, the company disclosed that there was no impact on profit. - FY2022-Q3Update on the Impact of AdoptionAnnual report
「For revenue from agency transaction agreements in the product sales business, the company previously recognized the full amount of consideration received from customers as revenue. For transactions in which the company's role in providing products to customers qualifies as that of an agent, the company has changed to recognizing revenue on a net basis, after deducting the amount paid to product suppliers from the amount received from customers. As a result, sales and cost of sales for the first nine months of the current consolidated fiscal year each decreased by ¥6,333 million.」
Regarding net-basis recognition of agency transactions following the application of the revenue recognition accounting standards, the company disclosed a decrease of ¥6,333 million each in sales and cost of sales for the first nine months of the fiscal year. - FY2022-Q2Disclosure of the Impact of AdoptionAnnual report
「For revenue from agency transaction agreements in the product sales business, the company previously recognized the full amount of consideration received from customers as revenue. For transactions in which the company's role in providing products to customers qualifies as that of an agent, the company has changed to recognizing revenue on a net basis, after deducting the amount paid to product suppliers from the amount received from customers. As a result, sales and cost of sales for the first six months of the current consolidated fiscal year each decreased by ¥4,100 million.」
As a result of applying the revenue recognition accounting standards, agency transactions were changed to net-basis recognition, reducing sales and cost of sales for the first six months of the current fiscal year by ¥4,100 million in each case. - FY2022-Q1AchievedAnnual report
「For revenue from agency transaction agreements, transactions in which the company's role in providing products to customers qualifies as that of an agent are now recognized on a net basis, after deducting the amount paid to product suppliers from the amount received from customers. As a result, sales and cost of sales for the first quarter of the current consolidated cumulative period each decreased by ¥1,901 million.」
Application of the revenue recognition accounting standards began at the start of the fiscal year ending March 2022, and agency transactions were changed to net-basis recognition. The impact on sales and cost of sales was a decrease of ¥1,901 million in each case. - FY2021RestatedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The company has reconfirmed its plan to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022 and is assessing the impact. - FY2020RestatedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The company has reconfirmed its plan to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022 and is assessing the impact. - FY2019RestatedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The company has reiterated that it plans to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022, and that it is assessing the impact. - FY2018First statedAnnual report
「We will apply it from the beginning of the fiscal year ending March 2022.」
The company has disclosed for the first time that it plans to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022. The impact on the financial statements is currently being assessed.