Planned Application of the Revenue Recognition Standard from the Fiscal Year Ending March 2022
First written in FY2020. 3 of 6 entries say "Restated". Latest entry: FY2022.
50 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, net sales and cost of sales for the consolidated fiscal year each decreased by ¥247.618 million, but there was no impact on operating income, ordinary income or income before income taxes.」
The company continued applying the Revenue Recognition Accounting Standard for the full fiscal year, and the change to net recognition for agent transactions reduced net sales and cost of sales by ¥247.618 million each. It stated that there was no impact on earnings. - FY2022-Q3RestatedAnnual report
「As a result, net sales and cost of sales for the cumulative third quarter each decreased by ¥149.192 million.」
The company continued applying the Revenue Recognition Accounting Standard adopted from the beginning of the fiscal year ending March 2022, and reported that net sales and cost of sales each decreased by ¥149.192 million during the cumulative third quarter. - FY2022-Q2RestatedAnnual report
「As a result, net sales and cost of sales for the cumulative second quarter each decreased by ¥100.612 million.」
The company continued applying the Revenue Recognition Accounting Standard adopted from the beginning of the fiscal year ending March 2022, and reported that net sales and cost of sales each decreased by ¥100.612 million during the cumulative second quarter. - FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the first quarter of the fiscal year. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, for certain transactions, revenue that was previously recognized on a gross basis is now recognized on a net basis when the company's role in providing goods or services to the customer qualifies as that of an agent.」
The planned application from the beginning of the fiscal year ending March 2022 entered the implementation phase, and revenue recognition for certain transactions changed from a gross basis to a net basis. Net sales and cost of sales each decreased by ¥29.626 million. - FY2021AdvancedAnnual report
「The impact of applying the Accounting Standard for Revenue Recognition and related guidance on the consolidated financial statements is immaterial.」
The company maintained its plan to apply the standards from the beginning of the fiscal year ending March 2022 and assessed the impact on the consolidated financial statements as immaterial. - FY2020First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and the Implementation Guidance on Accounting Standard for Revenue Recognition (Implementation Guidance No. 30, 31 March 2020) are scheduled to apply from the beginning of the fiscal year ending March 2022.」
The company disclosed for the first time that it planned to apply the new revenue recognition accounting standards from the beginning of the fiscal year ending March 2022. The impact was still under evaluation.