Application of the Accounting Standard for Revenue Recognition in the Fiscal Year Ending June 2022
First written in FY2021. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
- FY2022Disclosure of the Impact of AdoptionAnnual report
「As a result, compared with the accounting treatment before application of the Revenue Recognition Accounting Standard and related standards, net sales and selling, general and administrative expenses for the current consolidated fiscal year will each decrease by ¥4.116 million. Gross profit will decrease by the same amount, but there will be no impact on operating income or loss or below.」
The company disclosed that the full-year impact of applying the Revenue Recognition Accounting Standard was ¥4.116 million each, with no impact on operating income or loss or below. - FY2022-Q3Update on the Impact of AdoptionAnnual report
「As a result, compared with the previous accounting treatment, net sales and selling, general and administrative expenses for the nine months ended 31 December of the current consolidated fiscal year will each decrease by ¥2.690 million. Gross profit will decrease by the same amount, but there will be no impact on operating income or loss or below.」
The company disclosed that the impact of applying the Revenue Recognition Accounting Standard on net sales and selling, general and administrative expenses for the nine months ended 31 December was ¥2.690 million each, with no impact on operating income or loss or below. - FY2022-Q2Disclosure of the Impact of AdoptionAnnual report
「As a result, compared with the previous accounting treatment, net sales and selling, general and administrative expenses for the six months ended 31 December of the current consolidated fiscal year will each decrease by ¥2.314 million. Gross profit will decrease by the same amount, but there will be no impact on operating income or loss or below.」
The company disclosed that application of the Revenue Recognition Accounting Standard would reduce net sales and selling, general and administrative expenses by ¥2.314 million each, with no impact on operating income or loss or below. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other standards were applied from the beginning of the first quarter of the current consolidated fiscal year」
The Revenue Recognition Accounting Standard and related standards, which had been scheduled for application from the beginning of the fiscal year ending June 2022, were actually applied from the beginning of the first quarter of the current fiscal year. The presentation was changed so that part of the consideration paid to customers was deducted from net sales, reducing net sales and selling, general and administrative expenses by ¥215 thousand each. - FY2021First statedAnnual report
「We will apply it from the beginning of the fiscal year ending June 2022.」
The company has disclosed for the first time that it plans to apply the accounting standards related to revenue recognition from the beginning of the fiscal year ending June 2022.