Application of the Revenue Recognition Accounting Standard from the Fiscal Year Ending March 2022
First written in FY2019. 2 of 7 entries say "Restated". Latest entry: FY2022.
14 other companies' latest entry also says "Other".
- FY2022Annual impact finalizedAnnual report
「As a result, net sales for the current consolidated fiscal year decreased by ¥427.489 million, cost of sales by ¥274.669 million, selling, general and administrative expenses by ¥78.266 million, and non-operating expenses by ¥74.553 million. However, there was no impact on ordinary profit or profit before income taxes.」
The company has finalized the annual cumulative impact of applying the accounting standards for revenue recognition on each line item. It states that there was no impact on ordinary profit or profit before income taxes. - FY2022-Q3Cumulative update to the impact of adoptionAnnual report
「As a result, during the nine months ended the third quarter of the current consolidated fiscal year, net sales decreased by ¥320.167 million, cost of sales by ¥206.754 million, selling, general and administrative expenses by ¥58.624 million, and non-operating expenses by ¥54.788 million. Gross profit and operating profit decreased by ¥113.413 million and ¥54.788 million, respectively, but there was no impact on ordinary profit or profit before income taxes.」
The company updated the cumulative nine-month impact on each line item of applying the accounting standards for revenue recognition from the first quarter. Net-basis recognition of drop-shipment transactions, customer-use transactions and other companies' points programs, along with the deduction of sales discounts from revenue, reduced net sales and operating profit, but had no impact on ordinary profit or other measures of profit. - FY2022-Q2Specific revenue recognition and presentation impacts following adoptionAnnual report
「As a result, during the six months ended the second quarter of the current consolidated fiscal year, net sales decreased by ¥235.239 million, cost of sales by ¥162.246 million, selling, general and administrative expenses by ¥39.272 million, and non-operating expenses by ¥33.720 million. Gross profit and operating profit decreased by ¥72.992 million and ¥33.720 million, respectively, but there was no impact on ordinary profit or profit before income taxes.」
The company has specified the impact on each line item of applying the accounting standards for revenue recognition from the beginning of the first quarter of the current consolidated fiscal year, including net-basis recognition of drop-shipment transactions and other transactions and the deduction of sales discounts. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the first quarter of the current fiscal year. Revenue is recognised 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 accounting standards for revenue recognition, which were scheduled to be applied from the beginning of the fiscal year ending March 2022, were applied from the current quarter. Certain drop-shipment transactions and other transactions are recognized on a net basis, reducing net sales by ¥111.980 million. - FY2021RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company continued to plan to apply the revenue recognition accounting standard and related standards from the beginning of the fiscal year ending March 2022, with the amount of the impact still under evaluation. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company continues to plan to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022, and is evaluating the impact on the financial statements.