Application of the Revenue Recognition and Fair Value Measurement Accounting Standards for the Fiscal Year Ending February 2023
First written in FY2022. 2 of 5 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2024-Q1.
36 other companies' latest entry also says "Achieved".
- FY2024-Q1AchievedAnnual report
「The company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the first quarter of the current consolidated accounting period and will apply the new accounting policy prospectively. The change has no impact on the quarterly consolidated financial statements.」
The Implementation Guidance on the Accounting Standard for Fair Value Measurement was applied from the beginning of the first quarter, with no impact on the quarterly consolidated financial statements. - FY2023-Q3Update on the impact of applying the accounting standard for revenue recognitionAnnual report
「As a result, during the cumulative third quarter of the current consolidated fiscal year, net sales decreased by ¥54.339 million, cost of sales decreased by ¥1.759 million, and selling, general and administrative expenses decreased by ¥41.199 million. Operating profit therefore decreased by ¥11.380 million, while non-operating expenses decreased by ¥11.380 million, resulting in no impact on ordinary profit or profit before income taxes.」
Application of the revenue recognition accounting standard reduced net sales by ¥54.339 million and operating profit by ¥11.380 million for the cumulative third quarter, while having no impact on ordinary profit or profit before income taxes. - FY2023-Q2Update on the impact of applying the accounting standard for revenue recognitionAnnual report
「As a result, sales for the cumulative second quarter ended this quarter decreased by ¥36.664 million, cost of sales decreased by ¥1.443 million and selling, general and administrative expenses decreased by ¥27.512 million, resulting in a ¥7.708 million decrease in operating profit. However, non-operating expenses decreased by ¥7.708 million, leaving ordinary profit and profit before income taxes and other adjustments unaffected.」
The impact of applying the revenue recognition accounting standard from the beginning of the first quarter on net sales and operating profit is disclosed for the six months ended the second quarter, with no impact on ordinary profit or profit before income taxes. - FY2023-Q1AchievedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter and now recognizes revenue 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.」
The company applied the accounting standard for revenue recognition from the beginning of the first quarter, as scheduled for the previous fiscal year. Sales decreased by ¥19.166 million, but the company stated that there was no impact on ordinary profit. - FY2022First statedAnnual report
「The Accounting Standard for Revenue Recognition… is scheduled to be applied from the beginning of the fiscal year ending February 2023. The Accounting Standard for Fair Value Measurement and related standards… are also scheduled to be applied from the beginning of the fiscal year ending February 2023.」
The company plans to apply the new accounting standards and related standards for revenue recognition and fair value measurement from the beginning of the fiscal year ending February 2023, with the amount of the impact under assessment or yet to be determined.