Planned Application of the Accounting Standard for Revenue Recognition
First written in FY2021. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
- FY2022Annual update on the impactAnnual report
「As a result of applying the Accounting Standard for Revenue Recognition and other standards from the current fiscal year, the Company's net sales decreased by ¥855 million.」
The Accounting Standard for Revenue Recognition and other standards continue to be applied, resulting in a ¥855 million reduction in net sales for the current fiscal year. - FY2022-Q3Updated Impact of ApplicationAnnual report
「As a result, net sales for the nine months ended the third quarter decreased by ¥665.623 million, while cost of sales also decreased by ¥665.623 million.」
The Accounting Standard for Revenue Recognition continues to be applied, and the impact of net recognition for transactions involving the receipt of goods for a fee on net sales and cost of sales for the nine months ended the third quarter amounted to ¥665.623 million. - FY2022-Q2Updated Impact of ApplicationAnnual report
「As a result, net sales for the six months ended the second quarter decreased by ¥403.621 million, while cost of sales also decreased by ¥403.621 million.」
The Accounting Standard for Revenue Recognition continues to be applied. As a result of changing transactions involving the receipt of goods for a fee to net recognition of the processing fee equivalent, net sales and cost of sales for the six months ended the second quarter each decreased by ¥403.621 million. - FY2022-Q1AchievedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; the “Revenue Recognition Standard”) and other relevant standards from the beginning of the first quarter. 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 applied the Accounting Standard for Revenue Recognition and other standards, which had been scheduled for adoption in the previous fiscal year, from the beginning of the first quarter of the current fiscal year. For transactions involving the receipt of goods for a fee, the Company changed to a net recognition method recognising only the processing fee equivalent, reducing net sales by ¥224.440 million. - FY2021First statedAnnual report
「To apply the Accounting Standard for Revenue Recognition and other standards from the beginning of the fiscal year ending March 2022」
The Company disclosed for the first time its plan to apply the Accounting Standard for Revenue Recognition and other standards from the beginning of the fiscal year ending March 2022.