Preparing for the adoption of new revenue-recognition and fair-value measurement standards
First written in FY2020. 3 of 5 entries say "Restated". Latest entry: FY2022.
18 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, for the current consolidated fiscal year, net sales decreased by ¥3,427,010 thousand and cost of sales decreased by ¥3,421,020 thousand, while operating income, ordinary income and profit before income taxes decreased by ¥5,990 thousand.」
The company continued to apply the accounting standard for revenue recognition throughout the full year and reported the annual impact on net sales, cost of sales and profit. - FY2022-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter of the current consolidated fiscal year, net sales decreased by ¥2,645,870 thousand and cost of sales decreased by ¥2,639,879 thousand, while operating income, ordinary income and profit before income taxes decreased by ¥5,990 thousand.」
The company continued to apply the accounting standards for revenue recognition and other related standards from the beginning of the first quarter of the current consolidated fiscal year. For the nine months ended the third quarter, net sales decreased by ¥2,645,870 thousand and operating income, ordinary income and other items decreased by ¥5,990 thousand. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. Revenue is recognized 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 accounting standards for revenue recognition and other related standards, which had been scheduled for application from the beginning of the fiscal year ending October 2022, were applied from the beginning of the current quarter. For export sales, revenue is now recognized when risks are transferred under the applicable trade terms, while transactions conducted as an agent are recognized on a net basis. As a result, net sales decreased by ¥1,079,452 thousand, while operating income, ordinary income and other items each increased by ¥4,494 thousand. The accounting standards for fair value measurement and other related standards were also applied at the same time, with no impact on the quarterly consolidated financial statements. - FY2021RestatedAnnual report
「The accounting standards relating to revenue recognition and other matters are scheduled to be applied from the beginning of the fiscal year ending October 2022.」
The accounting standards concerning revenue recognition, fair value measurement and other matters are scheduled to be applied from the beginning of the fiscal year ending October 2022, and the impact is under assessment. - FY2020First statedAnnual report
「The accounting standards relating to revenue recognition and other matters are scheduled to be applied from the beginning of the fiscal year ending October 2022.」
The company stated that new accounting standards for revenue recognition, fair-value measurement, accounting estimates and accounting-policy disclosures would be adopted from the fiscal year ending October 2021 or October 2022, with the impact still under assessment.