Planned application of the new revenue recognition standard for the fiscal year ending March 2022
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2024.
93 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards from the beginning of the 57th fiscal year,」
The company continues to recognize and present items based on the revenue recognition accounting standard applied from the beginning of the 57th fiscal year. - FY2022-Q3RestatedAnnual report
「As a result, raw materials and supplies increased by ¥5.373 million, other current assets increased by ¥293.200 million, and other current liabilities increased by ¥617.541 million at the end of the third quarter of the current consolidated fiscal year, while the provision for returns decreased by ¥318.967 million. During the nine-month period of the current consolidated fiscal year, net sales decreased by ¥646.584 million, cost of sales by ¥570.242 million, SG&A expenses by ¥34.810 million, and sales discounts by ¥41.531 million. As a result, operating profit decreased by ¥41.531 million, but there was no impact on ordinary profit or profit before income taxes.」
The company continues to apply the revenue recognition accounting standard and discloses the specific impact on net sales, operating profit and other items for the cumulative period. - FY2022-Q2RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition and related standards 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. Accordingly, for sales with a right of return, the company has changed its method so that revenue is not recognized at the time of sale, and a refund liability and a return asset are recognized. The company has also changed its methods of recognizing and presenting revenue for transactions involving the provision of goods for consideration, amounts equivalent to points awarded by other companies, and sales discounts.」
The company continues to disclose the application of the revenue recognition accounting standard from the beginning of the first quarter of the current consolidated fiscal year, detailing changes in accounting treatment for returns, goods provided for consideration, points and sales discounts, as well as the impact of a ¥124.683 million decrease in net sales and a ¥20.666 million decrease in operating profit. - FY2022-Q1AchievedAnnual report
「The Company applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and other relevant 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 is transferred to the customer.」
The company applied the Accounting Standard for Revenue Recognition and related standards, which had been scheduled for adoption from the beginning of the fiscal year ending March 2022, from the beginning of the first quarter of the current fiscal year. - FY2021RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company continues to plan to apply the accounting standards on revenue recognition and related guidance from the beginning of the fiscal year ending March 2022, and expects the impact on retained earnings at the beginning of the fiscal year to be immaterial. - FY2019First statedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the accounting standard and implementation guidance on revenue recognition from the beginning of the fiscal year ending March 2022, and is assessing the impact.