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Sigma Koki (7713) · InitiativeAchieved

Response to the Revenue Recognition Standard

First written in FY2018. 1 of 4 entries say "Restated". Latest entry: FY2022-Q1.

4entries
4years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2018 – FY20192018: 120182019: 120192020: 020202021: 22021
Same theme, other companies
Assessment of the Impact of Applying the Accounting Standard for Revenue RecognitionA theme 83 companies write about · 1 as a headwind · 0 as a tailwind

14 other companies' latest entry also says "Achieved".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 83 companies compared. The sentences above are computed from all 83.
Full recordFilings, disclosures and news, newest first
  1. FY2022-Q1AchievedAnnual report

    「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 transfers to the customer.」

    Applied the revenue recognition accounting standard and related standards from the beginning of the first-quarter consolidated accounting period of the fiscal year ending May 2022.
  2. FY2021AdvancedAnnual report

    「The standards will be applied from the beginning of the fiscal year ending May 2022. The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and other standards is immaterial.」

    Maintained the plan to apply the revenue recognition accounting standard in the fiscal year ending May 2022 and assessed the impact on the financial statements as immaterial.
  3. FY2019RestatedAnnual report

    「Scheduled application date: The standards are scheduled to be applied from the beginning of the fiscal year ending May 2022. The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and other standards is currently being assessed.」

    Reiterated the plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending May 2022 and assess the impact.
  4. FY2018First statedAnnual report

    「Scheduled application date: The standards are scheduled to be applied from the beginning of the fiscal year ending May 2034. The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and other standards is currently being assessed.」

    The revenue recognition accounting standards and related standards are scheduled to be applied from the beginning of the fiscal year ending May 2034, and the impact on the financial statements is being assessed.
Moved together

"Improving the Operating Margin" moved the same way as this thread, in the same document, in 2 of its 4 moves.

22222★12345
  1. ★This thread
  2. 1Improving the Operating Margin2×
  3. 2Accelerating Growth in the Systems Products Business2×
  4. 3Higher revenue and earnings in the component parts business2×
  5. 4FY2016: Higher Revenue and Profit2×
  6. 5System Products Business Turns Profitable2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Response to the Revenue Recognition Standard | SIGMA KOKI CO.,LTD. (7713) | Komori