Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2018. 7 of 12 entries say "Restated". Latest entry: FY2022.
74 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards have been applied from the beginning of the 74th fiscal year. The company adopted the method of reflecting the cumulative impact in beginning retained earnings and has not restated comparative information.」
The Revenue Recognition Standard applied from the previous fiscal year continues to be applied. - FY2022-Q2RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” and related standards have been applied from the first quarter. As a result, compared with the previous method, net sales in Japan increased by ¥1,971 million for mold transactions and decreased by ¥4,953 million for consideration payable to customers. The impact on operating profit is immaterial.」
The company continued to disclose in the second quarter the impact on net sales of the Revenue Recognition Standard applied from the first quarter, including the effects of mold transactions and consideration payable to customers. - FY2022-Q1RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The Revenue Recognition Standard applied in the previous fiscal year continues to be applied in the first quarter of the current fiscal year. - FY2021-Q3RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards were applied 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 is transferred to the customer. The main impacts of applying this standard on the consolidated quarterly financial statements for the first 9 months are as follows. The impact on operating profit is immaterial. • Molds Previously, net sales and cost of sales were recognized over a period of time. From the first quarter, net sales and cost of sales are recognized at a point in time when certain requirements are met. As a result, net sales for the first 9 months increased by ¥2,335 million. • Consideration payable to customers Certain costs previously recorded as cost of sales have been deducted from net sales as consideration payable to customers from the first quarter. As a result, net sales for the first 9 months decreased by ¥8,526 million.」
The Revenue Recognition Standard applied from the first quarter continues to be applied. Mold transactions increased net sales by ¥2,335 million, while consideration payable to customers decreased net sales by ¥8,526 million. - FY2021-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 standard applied from the first quarter continues to be applied. For the first 6 months, the company disclosed a ¥1,971 million increase in net sales from mold transactions and a ¥4,953 million decrease from consideration payable to customers. - FY2021-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The Japanese revenue recognition standard, which was scheduled in the previous fiscal year to apply from the beginning of the fiscal year ending March 2021, was actually applied from the beginning of the first quarter of the current fiscal year. The company also disclosed impacts including a ¥1,074 million increase in net sales from mold transactions and a ¥2,002 million decrease in net sales from consideration payable to customers. - FY2020AdvancedAnnual report
「The “Accounting Standard for Revenue Recognition” and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2021. The amount of the impact on the consolidated financial statements from applying the “Accounting Standard for Revenue Recognition” and related standards is currently being evaluated.」
The planned application of the Japanese revenue recognition standard was brought forward from the fiscal year ending March 2022, stated in the previous fiscal year, to the fiscal year ending March 2021. The US GAAP subsidiaries began applying ASU 2014-09 in the current fiscal year. - FY2020-Q3RestatedAnnual report
「The company's overseas consolidated subsidiary applying US GAAP has applied ASU 2014-09, “Revenue from Contracts with Customers” (28 May 2014), from the first quarter of the current fiscal year. The impact of applying this standard on the consolidated quarterly financial statements for the first 9 months of the fiscal year is as follows. For transactions involving customer-supplied materials that qualify as repurchase agreements, only the processing fee equivalent has been presented as net revenue from the first quarter. As a result, net sales for the first 9 months decreased by ¥1,402 million.」
The overseas consolidated subsidiary applying US GAAP continues to apply the revenue recognition standard, and net sales for the first 9 months decreased by ¥1,402 million due to the net presentation of transactions involving customer-supplied materials. - FY2020-Q2RestatedAnnual report
「The company's overseas consolidated subsidiary applying US GAAP has applied ASU 2014-09, “Revenue from Contracts with Customers” (28 May 2014), from the first quarter of the current fiscal year. The impact of applying this standard on the consolidated quarterly financial statements for the first 6 months of the fiscal year is as follows. For transactions involving customer-supplied materials that qualify as repurchase agreements, only the processing fee equivalent has been presented as net revenue from the first quarter. As a result, net sales for the first 6 months decreased by ¥957 million.」
The overseas consolidated subsidiary applying US GAAP continues to apply the revenue recognition standard, and net sales for the first 6 months decreased by ¥957 million due to the net presentation of transactions involving customer-supplied materials. - FY2020-Q1AdvancedAnnual report
「(2) “Revenue from Contracts with Customers” (ASU 2014-09) The company's overseas consolidated subsidiary applying US GAAP has applied ASU 2014-09, “Revenue from Contracts with Customers” (28 May 2014), from the first quarter of the current fiscal year. As a result, net sales for the first quarter decreased by ¥530 million.」
An overseas consolidated subsidiary applying US GAAP began applying the revenue recognition standard, and net sales decreased by ¥530 million due to the net presentation of transactions involving customer-supplied materials. - FY2019AdvancedAnnual report
「From the current fiscal year, the company has applied IFRS 15, “Revenue from Contracts with Customers,” except at the company and its domestic subsidiaries, which use Japanese GAAP, and its North American subsidiaries, which use US GAAP.」
The application of the Japanese revenue recognition standard, scheduled in the previous fiscal year, remains scheduled to begin with the fiscal year ending March 2022, while overseas subsidiaries outside Japan and North America have begun applying IFRS 15. - FY2018First statedAnnual report
「The “Accounting Standard for Revenue Recognition” and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact on the consolidated financial statements from applying the “Accounting Standard for Revenue Recognition” and related standards is currently being evaluated.」
The company plans to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022, and is evaluating the impact on the financial statements.