Planned Adoption of the Revenue Recognition Standard for the Fiscal Year Ending June 2022
First written in FY2019. 1 of 5 entries say "Restated". Latest entry: FY2022.
- FY2022Disclosed full-year impact of applicationAnnual report
「As a result, for the current consolidated fiscal year, net sales decreased by ¥160.053 million and selling, general and administrative expenses decreased by ¥147.096 million, while operating income, ordinary income and profit before income taxes decreased by ¥12.957 million, respectively.」
The company disclosed the full-year impact on net sales, selling, general and administrative expenses and profit of applying the revenue recognition accounting standard from the beginning of the fiscal year. - FY2022-Q3Impact of application disclosedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other standards were applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, for the nine months ended the third quarter of the current consolidated fiscal year, net sales decreased by ¥142.173 million and selling, general and administrative expenses decreased by ¥106.554 million, while operating income, ordinary income and profit before income taxes decreased by ¥35.618 million, respectively.」
The company disclosed for the first time the specific impact on the nine-month period ended the third quarter of applying the revenue recognition accounting standard from the beginning of the fiscal year ending June 2022. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the first quarter 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 is transferred to the customer.」
The revenue recognition accounting standard, which had been scheduled for application from the beginning of the fiscal year ending June 2022, was actually applied from the beginning of the first quarter of the current fiscal year. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) is scheduled to be applied from the beginning of the fiscal year ending June 2022.」
The company continued to state that it planned to apply the revenue recognition accounting standard from the beginning of the fiscal year ending June 2022. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018) is scheduled to be applied from the beginning of the fiscal year ending June 2022.」
The company planned to apply the new accounting standard for revenue recognition from the beginning of the fiscal year ending June 2022 and stated that the amount of its impact was under assessment.