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Press Kogyo (7246) · PolicyRestated

Planned adoption of the revenue recognition accounting standard from the fiscal year ending March 2032

First written in FY2018. 5 of 7 entries say "Restated". Latest entry: FY2022-Q3.

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ProgressHeldSoftenedWorseRestatedFY2018 – FY2021-Q22018: 120182019: 120192020: 220202021: 220212022: 1
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  1. FY2022-Q3RestatedAnnual report

    「As a result, net sales and cost of sales for the nine months ended December 31 decreased by ¥25,701 million each. There was no impact on gross profit, operating income, ordinary income, profit before income taxes, or the opening balance of retained earnings for the current fiscal year.」

    Application of the Accounting Standard for Revenue Recognition continued. Under transactions involving consideration received for services provided, both net sales and cost of sales decreased by ¥25,701 million, but there was no impact on profit items.
  2. FY2022-Q2RestatedAnnual report

    「As a result, net sales and cost of sales for the six months ended September 30 decreased by ¥16,739 million each. There was no impact on gross profit, operating income, ordinary income, profit before income taxes, or the opening balance of retained earnings for the current fiscal year.」

    Application of the Accounting Standard for Revenue Recognition continued. Under transactions involving consideration received for services provided, both net sales and cost of sales decreased by ¥16,739 million, but there was no impact on profit items.
  3. FY2022-Q1AchievedAnnual report

    「The Group adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. Revenue is recognized at the point when control of promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」

    The Accounting Standard for Revenue Recognition, which was scheduled to be applied from the beginning of the fiscal year ending March 2022, was applied from the beginning of the first quarter of the current fiscal year. Under transactions involving consideration received for services provided, both net sales and cost of sales decreased by ¥859.7 million, but there was no impact on gross profit, operating income, ordinary income or other profit items.
  4. FY2021-Q2RestatedAnnual report

    「Impact of the spread of COVID-19 on our group There are no new additional developments or material changes to the information disclosed in the annual securities report for the previous fiscal year concerning the impact of the spread of COVID-19 during the six months ended September 30.」

    It is stated that there are no material changes to the additional information concerning the impact of the spread of COVID-19 or to the information disclosed in the annual securities report for the previous fiscal year.
  5. FY2020RestatedAnnual report

    「(2) Scheduled adoption date The standards will be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standards and related guidance The impact of applying the Accounting Standard for Revenue Recognition and other standards on the consolidated financial statements is currently being assessed.」

    The Accounting Standard for Revenue Recognition is scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact continues to be assessed.
  6. FY2019RestatedAnnual report

    「(2) Scheduled adoption date The standards will be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standards and related guidance The impact of applying the Accounting Standard for Revenue Recognition and other standards on the consolidated financial statements is currently being assessed.」

    The Accounting Standard for Revenue Recognition is scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact continues to be assessed.
  7. FY2018First statedAnnual report

    「Scheduled adoption date for the Accounting Standard for Revenue Recognition and other standards The standards will be applied from the beginning of the fiscal year ending March 2022.」

    The Accounting Standard for Revenue Recognition and its implementation guidance are scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact on the consolidated financial statements is currently being assessed.
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Planned adoption of the revenue recognition accounting standard from the fiscal year ending March 2032 | PRESS KOGYO CO.,LTD. (7246) | Komori