Planned Adoption of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2018. 2 of 4 entries say "Restated". Latest entry: FY2022-Q2.
- FY2022-Q2RestatedAnnual report
「The company has 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 current 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 transfers to the customer.」
The company has continued to apply the Revenue Recognition Accounting Standard, and states that during the six months ended the second quarter, net sales and cost of sales each decreased by ¥2,444 million, with no impact on operating income. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other applicable standards have been applied from the beginning of the first quarter of the current 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.」
The company has applied the revenue recognition accounting standard and related standards, which had been scheduled for application from the beginning of the fiscal year ending March 2022, from the beginning of the first quarter of the current fiscal year. As a result, net sales and cost of sales each decreased by ¥1,367 million, while there was no impact on operating income. - FY2019RestatedAnnual report
「The company plans to apply the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018) and the Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018) from the beginning of the fiscal year ending March 2022. The amount of the impact is currently being assessed in preparing the consolidated financial statements.」
The company has continued to state that it plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and is assessing the amount of the impact. - FY2018First statedAnnual report
「The company plans to apply the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018) and the Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018) from the beginning of the fiscal year ending March 2022. The amount of the impact is currently being assessed in preparing the consolidated financial statements.」
The company has disclosed for the first time that it plans to apply the new revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and is assessing the amount of the impact.