Application of the Revenue Recognition Accounting Standard in the Fiscal Year Ending August 2022
First written in FY2019. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q3.
- FY2022-Q3Updated cumulative third-quarter impact of adoptionAnnual report
「The company applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services. Revenue for the cumulative third quarter decreased by ¥33 million, but there was no impact on operating profit, ordinary profit or profit before income taxes for the quarter.」
The company disclosed that, as a result of applying the revenue recognition accounting standard, revenue for the cumulative FY2022-Q3 period decreased by ¥33 million, but there was no impact on operating profit, ordinary profit or profit before income taxes for the quarter. - FY2022-Q2Updated second-quarter impact of applicationAnnual report
「Revenue for the cumulative second quarter of the current consolidated fiscal year decreased by ¥21 million, but there was no impact on operating profit, ordinary profit or profit before income taxes for the quarter.」
Regarding application of the revenue recognition accounting standard, the company disclosed that revenue for the cumulative second quarter decreased by ¥21 million, with no impact on operating profit or other profit figures. - FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services. ... Revenue for the cumulative first quarter decreased by ¥13 million, but there was no impact on operating profit, ordinary profit or profit before income taxes for the quarter.」
The company applied the revenue recognition accounting standard from the beginning of the current quarter, earlier than the planned application from the beginning of the fiscal year ending August 2022, and disclosed that revenue decreased by ¥13 million but there was no impact on operating profit or other profit figures. - FY2021Impact of application disclosedAnnual report
「The company will apply the standard from the beginning of the fiscal year ending August 2022. / The impact of applying the Accounting Standard for Revenue Recognition and related standards on the consolidated financial statements is immaterial.」
The company maintained its plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending August 2022 and disclosed that the impact on the consolidated financial statements was immaterial. - FY2019First statedAnnual report
「The company will apply the standard from the beginning of the fiscal year ending August 2022.」
The company planned to apply the Accounting Standard for Revenue Recognition and related implementation guidance from the beginning of the fiscal year ending August 2022, and stated that the impact was still being assessed.