Future Adoption of the Accounting Standard for Revenue Recognition
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「As a result, compared with the previous accounting treatment, revenue and cost of sales for the current consolidated fiscal year each decreased by ¥725 million. There was no impact on the opening balance of retained earnings.」
The full-year application of the Accounting Standard for Revenue Recognition resulted in a ¥725 million reduction each in revenue and cost of sales, with no impact on the opening balance of retained earnings. - FY2022-Q3RestatedAnnual report
「As a result, compared with the previous accounting treatment, revenue and cost of sales for the cumulative third quarter of the current consolidated fiscal year each decreased by ¥523 million, while inventories increased by ¥43 million, other current assets by ¥1 million, and other current liabilities by ¥44 million. There was no impact on the opening balance of retained earnings.」
Regarding the Accounting Standard for Revenue Recognition applied from the first quarter, the cumulative third-quarter results disclosed an impact of a ¥523 million reduction each in revenue and cost of sales. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other requirements were applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue was recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services transferred to the customer. As a result, compared with the previous accounting treatment, revenue and cost of sales for the cumulative second quarter of the current consolidated fiscal year each decreased by ¥334 million, while inventories increased by ¥33 million, other current assets by ¥2 million, and other current liabilities by ¥36 million. There was no impact on the opening balance of retained earnings.」
The accounting treatment under the Accounting Standard for Revenue Recognition, applied from the first quarter, continued, and the cumulative second-quarter results disclosed an impact of a ¥334 million reduction each in revenue and cost of sales. - FY2022-Q1AchievedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; the “Revenue Recognition Standard”) and related standards from the beginning of the cumulative first-quarter period, and now recognize revenue 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.」
Application of the Accounting Standard for Revenue Recognition and other requirements, scheduled to begin at the start of the fiscal year ending March 2022, commenced. The accounting treatment for transactions involving the provision and receipt of goods for consideration also changed, reducing revenue and cost of sales by ¥150 million each. - 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 was scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact on the financial statements continued to be assessed. - 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 Accounting Standard for Revenue Recognition was scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact on the financial statements was being assessed.