Application of the New Revenue Recognition Accounting Standards and Other Standards to the Fiscal Year Ending March 2022
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
52 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the current consolidated fiscal year. Revenue is recognised 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.」
The annual report reconfirmed the Revenue Recognition Accounting Standard applied from the beginning of FY2022 and the accounting treatment of rebates and other items as variable consideration. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 reconfirmed the Revenue Recognition Accounting Standard applied from the beginning of the first quarter of the consolidated fiscal year and the treatment of recognizing revenue when control is transferred. - FY2022-Q2RestatedAnnual report
「The Company 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 standards from the beginning of the first quarter of the consolidated fiscal year, and now recognizes revenue 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. Accordingly, for certain volume rebates and target-achievement rebates in sales of merchandise and products, the Company previously accounted for them as selling, general and administrative expenses when the amounts were finalized. From the first quarter of the consolidated fiscal year, however, the Company changed its method to reflect them in the transaction price only to the extent that it is highly probable that a significant reversal of cumulative recognized revenue will not occur when the uncertainty related to variable consideration is subsequently resolved.」
The Company reconfirmed the accounting treatment under the Revenue Recognition Accounting Standard applied from the beginning of the first quarter of the consolidated fiscal year, including the method of reflecting rebates in the transaction price. It states that there was no impact on retained earnings and that the impact on profit or loss for the cumulative second quarter was immaterial. - FY2022-Q1AchievedAnnual report
「We have applied the Accounting Standard for Revenue Recognition and other relevant standards from the beginning of the first quarter of the current fiscal year. Key management indicators for the six months ended 30 June reflect application of these standards.」
The Accounting Standard for Revenue Recognition and other standards planned for FY2021 were actually applied from the beginning of the first quarter of FY2022. - FY2021First statedAnnual report
「The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and other standards is immaterial. The standards will be applied from the beginning of the fiscal year ending March 2022.」
The Company disclosed plans to apply the Accounting Standard for Revenue Recognition and other standards from the beginning of the fiscal year ending March 2022.