Application of the revenue recognition standard from the fiscal year ending March 2022
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the current first quarter of the consolidated fiscal year.」
The revenue recognition accounting standard adopted from the first quarter continued to be applied, and for the nine-month period, the Company disclosed an adverse impact of ¥1.523 million on revenue and ¥1.113 million on operating profit and other items. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The revenue recognition accounting standard, which had been scheduled for adoption from the beginning of the fiscal year ending March 2022, was actually applied from the beginning of the first quarter of the current fiscal year. Revenue decreased by ¥5.743 million, while operating profit and other items increased by ¥1.763 million. - FY2021RestatedAnnual report
「Although the Company plans to apply the standard from the beginning of the fiscal year ending March 2022, it expects the impact on retained earnings at the beginning of that fiscal year to be immaterial.」
The Company continued to plan for adoption of the revenue recognition standard from the beginning of the fiscal year ending March 2022 and provided more specific disclosure that the impact on retained earnings at the beginning of the fiscal year was expected to be immaterial. - FY2020RestatedAnnual report
「The Company plans to apply the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and the Implementation Guidance on the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022.」
The Company continued to plan for adoption of the revenue recognition standard from the beginning of the fiscal year ending March 2022 and to assess the amount of the impact. - FY2019First statedAnnual report
「The Company plans to apply the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 30 March 2018) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Guidance No. 30, 30 March 2018) from the beginning of the fiscal year ending March 2022. The amount of the impact was being assessed when these consolidated financial statements were prepared.」
The Company planned to apply the new revenue recognition accounting standards from the beginning of the fiscal year ending March 2022 and was assessing the amount of the impact.