Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards have been applied from the beginning of the current consolidated fiscal year. Accordingly, 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 company continued applying the revenue recognition accounting standards and related standards throughout the fiscal year and disclosed the impact on the presentation and recognition of revenue, including ¥1,413 million in revenue. - FY2022-Q3RestatedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the first quarter of the consolidated fiscal year. 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. Accordingly, for transactions involving discounts or other reductions in the consideration promised under contracts with customers, the company changed its method from recognizing the extinguishment of notes and accounts receivable to recognizing liabilities related to discounts and other reductions under other current liabilities.」
The company has reconfirmed that it applies the revenue recognition accounting standards and related standards from the beginning of the first quarter of the consolidated fiscal year, and that it changed its recognition methods for discounts, customer-supplied materials, agent transactions and other items. - FY2022-Q1AchievedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter and now recognizes revenue when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services.」
The company began applying the revenue recognition accounting standards and related standards from the beginning of the fiscal year ending March 2022. As a result, revenue decreased by ¥408 million, cost of sales by ¥398 million and selling, general and administrative expenses by ¥10 million in the first quarter, with no impact on operating profit or other profit figures. - FY2021RestatedAnnual report
「The revenue-recognition accounting standard and related standards are scheduled to be adopted from the beginning of the fiscal year ending March 2022.」
The company continues to plan to apply the revenue recognition accounting standards and related standards from the beginning of the fiscal year ending March 2022. - FY2020RestatedAnnual report
「The standards on revenue recognition and related guidance will be applied from the beginning of the fiscal year ending March 2022.」
The company continues to plan to apply the revenue recognition accounting standards and related standards from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and other relevant standards will be applied from the beginning of the fiscal year ending March 2022. The amount of the impact of applying these standards on the consolidated financial statements is currently under assessment.」
The company has stated for the first time that it plans to apply the revenue recognition accounting standards and related standards from the beginning of the fiscal year ending March 2022, and that it is assessing the impact on its financial statements.