Planned application of the Revenue Recognition Accounting Standard for the fiscal year ending February 2023
First written in FY2020. 1 of 6 entries say "Restated". Latest entry: FY2023.
- FY2023Updated Impact of Accounting Standard AdoptionAnnual report
「As a result, net sales and selling, general and administrative expenses for the consolidated fiscal year each decreased by ¥506 million, with no impact on operating income, ordinary income or profit before income taxes. There was also no impact on the opening balance of retained earnings.」
The full-year application of the Revenue Recognition Standard reduced net sales and selling, general and administrative expenses by ¥506 million each, but had no impact on operating income or other income figures or on the opening balance of retained earnings. - FY2023-Q3Updated Impact of Accounting Standard AdoptionAnnual report
「As a result, net sales and selling, general and administrative expenses for the cumulative third quarter each decreased by ¥364 million, with no impact on operating income, ordinary income or profit before income taxes. There was also no impact on the opening balance of retained earnings.」
Application of the Revenue Recognition Standard reduced net sales and selling, general and administrative expenses for the cumulative third quarter by ¥364 million each, but had no impact on operating income or other income figures or on the opening balance of retained earnings. - FY2023-Q2Updated Impact of Accounting Standard AdoptionAnnual report
「As a result, net sales and selling, general and administrative expenses for the cumulative second quarter each decreased by ¥238 million, with no impact on operating income, ordinary income or profit before income taxes. There was also no impact on the opening balance of retained earnings.」
Following application of the Revenue Recognition Standard, net sales and selling, general and administrative expenses for the cumulative period each decreased by ¥238 million, but there was no impact on operating income or other income figures or on the opening balance of retained earnings. - FY2023-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 standards from the beginning of the current first quarter of the 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. As a result, various expenses paid to customers, including communication expenses, which had previously been recorded as selling, general and administrative expenses, are now deducted from net sales. Accordingly, net sales and selling, general and administrative expenses for the cumulative first quarter each decreased by ¥119 million, with no impact on operating income, ordinary income or profit before income taxes.」
The Revenue Recognition Standard was applied from the beginning of the fiscal year ending February 2023. The presentation was changed so that ¥119 million of communication expenses and other costs paid to customers were deducted from net sales, with no impact on operating income or other income figures. - FY2022RestatedAnnual report
「(2) Scheduled date of application The standards will be applied from the beginning of the fiscal year ending February 2023. (3) Impact of applying the accounting standards The impact on the consolidated financial statements of applying the “Accounting Standard for Revenue Recognition” and other standards is currently being assessed.」
The company plans to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending February 2023 and continues to assess the impact. - FY2020First statedAnnual report
「The impact on the consolidated financial statements of applying the “Accounting Standard for Revenue Recognition” and other standards is currently being assessed. The standards are scheduled to be applied from the beginning of the fiscal year ending February 2023.」
The company plans to apply the Accounting Standard for Revenue Recognition and other standards from the beginning of the fiscal year ending February 2023, and is assessing their impact on the financial statements.