Adoption of Accounting Standards for Revenue Recognition
First written in FY2019. 2 of 7 entries say "Restated". Latest entry: FY2023.
- FY2023Full-year impact of accounting-standard adoption updatedAnnual report
「As a result, for the fiscal year, net sales decreased by ¥172 million, cost of sales increased by ¥106 million, selling, general and administrative expenses decreased by ¥64 million, operating profit decreased by ¥214 million, non-operating income increased by ¥3 million, and non-operating expenses decreased by ¥194 million. Ordinary profit and profit before income taxes decreased by ¥16 million each.」
The company continued to apply the accounting standards for revenue recognition and related guidance for the full fiscal year and disclosed the finalized impacts on net sales, operating profit, ordinary profit and other items. - FY2023-Q3Updated Impact of the Accounting Standard AdoptionAnnual report
「As a result, for the nine months ended the third quarter, net sales decreased by ¥121 million, cost of sales increased by ¥90 million, selling, general and administrative expenses decreased by ¥49 million, operating profit decreased by ¥162 million, non-operating income increased by ¥2 million, and non-operating expenses decreased by ¥143 million. Ordinary profit and profit before income taxes decreased by ¥16 million each. The opening balance of retained earnings also decreased by ¥24 million.」
The company continues to apply the accounting standards for revenue recognition and related guidance and has updated the impacts on net sales, operating profit, ordinary profit and other items for the nine months ended the third quarter. - FY2023-Q2Updated Impact of the Accounting Standard AdoptionAnnual report
「As a result, for the six months ended the second quarter, net sales decreased by ¥93 million, cost of sales increased by ¥62 million, selling, general and administrative expenses decreased by ¥30 million, operating profit decreased by ¥124 million, non-operating income increased by ¥2 million, and non-operating expenses decreased by ¥91 million. Ordinary profit and profit before income taxes decreased by ¥30 million each.」
The company continues to apply the accounting standards for revenue recognition and related guidance and has disclosed the impact on the six months ended the second quarter. - FY2023-Q1AchievedAnnual report
「From the beginning of the first quarter of the fiscal year, we applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards, recognizing revenue at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The accounting standards for revenue recognition and related guidance, which had been scheduled for application from the beginning of the fiscal year ending March 2023, were actually applied from the beginning of the first quarter of the current fiscal year. The methods of recognizing revenue from rebates, returns, payments to customers, agency transactions and construction contracts were also changed. - FY2022RestatedAnnual report
「(2) Scheduled date of application The standards will be applied from the beginning of the fiscal year ending March 2023.」
The company continues to disclose plans to apply the accounting standards for revenue recognition and related guidance from the beginning of the fiscal year ending March 2023. - FY2020RestatedAnnual report
「Scheduled date of application of the Accounting Standard for Revenue Recognition and related guidance The standards will be applied from the beginning of the fiscal year ending March 2023.」
The company continues to disclose plans to apply the accounting standards for revenue recognition and related guidance from the beginning of the fiscal year ending March 2023, with the impact currently under assessment. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018, Accounting Standards Board of Japan) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018, Accounting Standards Board of Japan) will be applied from the beginning of the fiscal year ending March 2023.」
The company has disclosed plans to apply the accounting standards for revenue recognition and related guidance from the beginning of the fiscal year ending March 2023. The impact on the consolidated financial statements is currently being assessed.