Application of the revenue recognition and fair value measurement standards from the fiscal year ending March 2022
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2022.
4 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, net sales and cost of sales for the current consolidated fiscal year each decreased by ¥9,477 million. As of the end of the current consolidated fiscal year, inventories decreased by ¥228 million, while other current assets increased by ¥228 million.」
The company continued to apply the revenue recognition standard and other related standards that had been scheduled for application in the previous fiscal year, disclosing the full-year presentation impact, including a ¥9,477 million decrease in net sales and cost of sales from transactions involving consideration received from customers and other transactions. - FY2022-Q3RestatedAnnual report
「As a result, net sales and cost of sales for the cumulative third quarter of the current fiscal year each decreased by ¥6,964 million. As of the end of the third quarter of the current fiscal year, inventories decreased by ¥197 million, while other current assets increased by ¥197 million.」
The company continued to apply the revenue recognition standard from the beginning of the first quarter of the current fiscal year and disclosed the presentation impact, including a ¥6,964 million decrease in net sales and cost of sales from transactions involving consideration received from customers and other transactions. - FY2022-Q2RestatedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the first quarter, and now recognize revenue at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The company continued to apply the revenue recognition standard from the beginning of the first quarter of the current fiscal year and disclosed the presentation impact, including decreases of ¥4,368 million in net sales and ¥365 million in cost of sales from transactions involving consideration received from customers and agency transactions. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other related standards have been applied from the beginning of the first quarter of the current fiscal year. The Accounting Standard for Fair Value Measurement and other related standards have also been applied from the beginning of the first quarter of the current fiscal year, and the new accounting policies prescribed by these standards have been applied prospectively.」
The accounting standards for revenue recognition and fair value measurement, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were actually applied from the beginning of the first quarter of the current fiscal year. - FY2021First statedAnnual report
「The planned effective date for the Accounting Standard for Revenue Recognition and other related standards is the beginning of the fiscal year ending March 2022. The planned effective date for the Accounting Standard for Fair Value Measurement and other related standards is the beginning of the fiscal year ending March 2022.」
For the first time, states the plan to apply the new accounting standards related to revenue recognition and fair value measurement from the beginning of the fiscal year ending March 2022.