Planned application of the Revenue Recognition Accounting Standard for the fiscal year ending March 2022
First written in FY2018. 2 of 6 entries say "Restated". Latest entry: FY2022.
- FY2022Annual impact updatedAnnual report
「As a result, revenue for the current consolidated fiscal year decreased by ¥28.943 million and cost of sales decreased by ¥28.943 million, but there was no change in operating profit, ordinary profit or profit before income taxes and other adjustments for the year. There was also no impact on the retained earnings balance at the beginning of the current period.」
The Company disclosed that, as the cumulative annual impact of applying the revenue recognition accounting standard, revenue and cost of sales each decreased by ¥28.943 million, with no impact on profit or loss or retained earnings at the beginning of the period. - FY2022-Q3Cumulative impact updatedAnnual report
「As a result, revenue for the nine months ended 31 December decreased by ¥20.174 million and cost of sales decreased by ¥20.174 million, but there was no change in operating profit, ordinary profit or profit before income taxes and other adjustments for the quarter. There was also no impact on the retained earnings balance at the beginning of the current period.」
The Company disclosed that, for the nine months ended 31 December, revenue and cost of sales each decreased by ¥20.174 million following the application of the revenue recognition accounting standard from the first quarter, with no impact on profit or loss or retained earnings at the beginning of the period. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the six months ended 30 September decreased by ¥14.340 million and cost of sales decreased by ¥14.340 million, but there was no change in operating loss, ordinary loss or profit before income taxes and other adjustments for the quarter. There was also no impact on the retained earnings balance at the beginning of the current period.」
The Company disclosed that, for the cumulative period, revenue and cost of sales each decreased by ¥14.340 million following the application of the revenue recognition accounting standard from the first quarter, with no impact on profit or loss or retained earnings at the beginning of the period. - FY2022-Q1AchievedAnnual report
「We adopted the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other 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 actually applied the previously scheduled revenue recognition accounting standards and related guidance from the beginning of the first quarter of the current consolidated fiscal year. It changed to a method that does not recognize revenue from transactions involving the provision of goods for consideration. - FY2019RestatedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The Company plans to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2022, and is evaluating the impact. - FY2018First statedAnnual report
「We will apply it from the beginning of the fiscal year ending March 2022.」
The Company plans to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2022, and is evaluating the impact on the financial statements.