Planned Adoption of the Revenue Recognition Standard in FY2022
First written in FY2018. 5 of 7 entries say "Restated". Latest entry: FY2023-Q2.
131 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the "Fair Value Measurement Implementation Guidance") was applied from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment stipulated in paragraph 27-2 of the Fair Value Measurement Implementation Guidance, we decided to apply the new accounting policies prescribed by the guidance prospectively. This had no impact on the quarterly consolidated financial statements.」
The company has applied the implementation guidance for the accounting standard for fair value measurement from the beginning of the current fiscal year and continues to explain that it has no impact on the quarterly consolidated financial statements. - FY2022RestatedAnnual report
「As a result, compared with the consolidated income statement before application of the revenue recognition standard and other standards, revenue for the consolidated fiscal year decreased by ¥3,257 million, cost of sales by ¥67 million, and selling, general and administrative expenses by ¥3,189 million. Gross profit consequently decreased by ¥3,189 million, but there was no impact on operating profit, ordinary profit or profit before income taxes.」
The company has continued applying the revenue recognition standard from the beginning of FY2022 and explains that reported revenue and other figures declined, but there was no impact on operating profit or other profit figures. - FY2022-Q3RestatedAnnual report
「As a result, for the first nine months of the current consolidated fiscal period, revenue decreased by ¥2,490 million, cost of sales by ¥49 million, and selling, general and administrative expenses by ¥2,441 million. Gross profit consequently decreased by ¥2,441 million, but there was no impact on operating profit, ordinary profit or profit before income taxes.」
The company has continued to explain that application of the revenue recognition standard reduced reported revenue and other figures for the first nine months of the current fiscal period, but had no impact on operating profit, ordinary profit or profit before income taxes. - FY2022-Q2RestatedAnnual report
「As a result, in the consolidated financial statements, sales commissions, center fees and other items previously recorded as selling, general and administrative expenses have been deducted from revenue as consideration paid to customers from the first quarter of the consolidated fiscal period.」
The company has continued applying the revenue recognition standard from the beginning of FY2022. For the cumulative period, revenue decreased by ¥1,656 million, cost of sales by ¥31 million, and selling, general and administrative expenses by ¥1,624 million, with no impact on operating profit or other profit figures. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the Accounting Standard for Revenue Recognition and related standards and will recognize 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.」
From the beginning of FY2022, the company began applying the revenue recognition standard and shifted to deducting sales commissions, center fees and other items previously recorded as selling, general and administrative expenses from revenue. - FY2019RestatedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is under assessment as of the preparation of these consolidated financial statements.」
The company continues to state that it plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and is assessing the impact. - FY2018First statedAnnual report
「The “Accounting Standard for Revenue Recognition” and the “Implementation Guidance on the Accounting Standard for Revenue Recognition” are scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is being assessed as of the preparation of these consolidated financial statements.」
The company planned to apply the new revenue recognition standard from the beginning of the fiscal year ending March 2034, and was evaluating the impact.