Application of the Revenue Recognition Standard for the Fiscal Year Ending March 2022
First written in FY2018. 1 of 4 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3Disclosure of the cumulative third-quarter impact of adoptionAnnual report
「As a result, revenue for the first 9 months of the current consolidated fiscal year decreased by ¥1.793 billion, cost of sales decreased by ¥1.796 billion and operating profit increased by ¥3 million. There was no impact on ordinary profit, profit before income taxes and other adjustments, or the opening balance of retained earnings.」
The impact for the first 9 months of the current fiscal year of applying the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 was disclosed. - FY2022-Q1AchievedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter 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 transfers to the customer.」
The revenue recognition standard, which had been scheduled for application from the beginning of the fiscal year ending March 2022, was actually applied from the beginning of the first quarter of the current fiscal year. As a result, revenue decreased by ¥737 million, cost of sales decreased by ¥739 million and operating profit increased by ¥1 million. - FY2019RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
Disclosure continues to state that the revenue recognition standard is scheduled to be applied from the beginning of the fiscal year ending March 2022 and that its impact is under assessment. - FY2018First statedAnnual report
「The “Accounting Standard for Revenue Recognition” and other standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.” “The impact on the consolidated financial statements of applying the “Accounting Standard for Revenue Recognition” and other standards is currently being assessed.」
The Company indicated plans to apply the new revenue recognition standard from the beginning of the fiscal year ending March 2022 and stated that its impact on the financial statements is under assessment.