Future Adoption of the Accounting Standard for Revenue Recognition
First written in FY2018. 2 of 7 entries say "Restated". Latest entry: FY2022.
- FY2022Update on the full-year impact of applying the revenue recognition accounting standardAnnual report
「As a result, compared with before the application of the Revenue Recognition Accounting Standard and other relevant standards, net sales for the current consolidated fiscal year decreased by ¥100.954 million, and cost of sales also decreased by ¥100.954 million. There was no impact on the opening balance of retained earnings.」
Application of the Revenue Recognition Accounting Standard reduced full-year net sales and cost of sales by approximately ¥101 million each, with no impact on the opening balance of retained earnings. - FY2022-Q3Update on the cumulative third-quarter impact of applying the Revenue Recognition Accounting Standard for the 70th fiscal yearAnnual report
「As a result, net sales for the cumulative third quarter of the current consolidated fiscal year decreased by ¥90.183 million, and cost of sales also decreased by ¥90.183 million. There was no impact on the opening balance of retained earnings.」
Application of the Revenue Recognition Accounting Standard reduced net sales and cost of sales for the cumulative third quarter of the 70th fiscal year by ¥90.183 million each, with no impact on the opening balance of retained earnings. - FY2022-Q2Update to the Impact of Applying the Revenue Recognition StandardAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal year decreased by ¥71.642 million, and cost of sales also decreased by ¥71.642 million. There was no impact on the opening balance of retained earnings.」
Under the Revenue Recognition Accounting Standard applied from the beginning of the first quarter of the 70th fiscal year, net sales and cost of sales for the cumulative second quarter each decreased by ¥71.642 million, with no impact on profit. - FY2022-Q1AchievedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other relevant standards from the beginning of the first quarter of the current 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.」
The company actually applied the Revenue Recognition Accounting Standard from the beginning of the first quarter of the 70th fiscal year, rather than from the beginning of the fiscal year ending March 2022 as originally planned. For transactions involving the provision of materials for a fee, only the equivalent processing fees are recognized on a net basis, reducing both net sales and cost of sales by ¥52 million. - FY2021RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company continues to pursue its policy of applying the accounting standard on revenue recognition from the beginning of the fiscal year ending March 2022 and assessing the impact. - FY2019RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company planned to apply the accounting standard on revenue recognition from the beginning of the fiscal year ending March 2022, and was assessing the impact. - FY2018First statedAnnual report
「Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, dated 30 March 2018).」
The company planned to apply the new accounting standards on revenue recognition from the beginning of the fiscal year ending March 2030, and was assessing the impact.