Preparing to Apply the Revenue Recognition Standard
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2022-Q3.
12 other companies' latest entry also says "Other".
- FY2022-Q3Cumulative disclosure of adoption impactAnnual report
「As a result, sales for the cumulative third quarter decreased by ¥260.443 million, cost of sales decreased by ¥75.346 million, and selling, general and administrative expenses decreased by ¥185.097 million.」
The company disclosed the cumulative third-quarter impact of the applied Revenue Recognition Accounting Standard, including the deduction of sales commissions from sales and the recognition on a net basis of transactions involving customer-supplied materials. - FY2022-Q2RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and other standards have been applied from the beginning of the first quarter consolidated accounting period.」
The company reconfirmed in its second-quarter report that the Revenue Recognition Accounting Standard has been applied from the beginning of the first quarter accounting period. As a result of the application, sales for the cumulative second quarter decreased by ¥155.947 million. - FY2022-Q1AchievedAnnual report
「The company applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the current first quarter consolidated accounting period. Revenue is now recognized when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, sales for the cumulative first quarter decreased by ¥74.994 million, cost of sales decreased by ¥26.039 million, and selling, general and administrative expenses decreased by ¥48.955 million.」
The Revenue Recognition Accounting Standard, which had been scheduled for application from fiscal 2022, was applied from the beginning of the current first quarter accounting period. The presentation and recognition methods for sales and other items changed as a result, reducing sales by ¥74.994 million. - FY2019RestatedAnnual report
「Scheduled date of adoption of the Accounting Standard for Revenue Recognition and related standards: adoption from the beginning of the fiscal year ending March 2022.」
The revenue recognition accounting standard is scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of its impact remains under assessment. - FY2018First statedAnnual report
「(2) Scheduled effective date The standards will be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standards and other requirements The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and other requirements is currently being assessed.」
The new revenue recognition standard is scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of its impact on the financial statements is still being assessed.