Adoption of the revenue-recognition accounting standard from the fiscal year ending March 2022
First written in FY2018. 3 of 7 entries say "Restated". Latest entry: FY2022.
- FY2022AdvancedAnnual report
「As a result, net sales for the current consolidated fiscal year decreased by ¥9,419 million, cost of sales decreased by ¥9,344 million, operating profit, ordinary profit and profit before income taxes decreased by ¥74 million each, net assets per share decreased by ¥11.57, and net income per share decreased by ¥11.51.」
The full-year impact of the revenue recognition accounting standard applied from the beginning of the fiscal year ending March 2022 was disclosed. Net sales decreased by ¥9,419 million and operating profit and other items decreased by ¥74 million. - FY2022-Q3AdvancedAnnual report
「The main changes resulting from the application of the revenue recognition accounting standard and related standards are as follows. (1) Agent transactions: When the Company’s promise to a customer is a performance obligation to arrange for goods or services to be provided by another party, revenue is recognized on a net basis as an agent. (2) Repurchase agreements: For transactions involving the paid provision of goods that qualify as repurchase agreements, inventories continue to be recognized for the goods remaining with the recipient of the provision as a financial transaction, and a “liability related to transactions involving the paid provision of goods” is recognized for the amount equivalent to the closing inventory of goods remaining with the recipient. (3) Performance obligations satisfied over time: Except for construction projects of very short duration, the method has been changed to recognize revenue over time as performance obligations are satisfied. As a result, net sales for the cumulative third-quarter period decreased by ¥6,735 million, cost of sales decreased by ¥6,707 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥28 million each.」
The cumulative third-quarter impact of the revenue recognition accounting standard applied from the first quarter was updated. Net sales decreased by ¥6,735 million and operating profit and other items decreased by ¥28 million due to net presentation of agent transactions and other items, repurchase agreements, and revenue recognition over time. - FY2022-Q2RestatedAnnual report
「The revenue recognition accounting standard and related standards have been applied from the beginning of the current first-quarter consolidated accounting period. 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 is transferred to the customer. As a result, net sales for the cumulative second-quarter period decreased by ¥3,741 million, cost of sales decreased by ¥3,971 million, and operating profit, ordinary profit and profit before income taxes increased by ¥230 million each.」
The application of the revenue recognition accounting standard begun in the first quarter has continued, and the cumulative second-quarter impact from net presentation of agent transactions, repurchase agreements and performance obligations satisfied over time has been updated. - FY2022-Q1AchievedAnnual report
「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and other standards have been applied from the beginning of the current first-quarter consolidated accounting period, reducing net sales for the current first-quarter consolidated accounting period by ¥2,339 million. As a result, net sales for the cumulative first-quarter period decreased by ¥2,294 million, cost of sales decreased by ¥2,215 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥79 million each.」
The revenue recognition accounting standard and related standards began to be applied from the beginning of the fiscal year ending March 2022. The Company applied net presentation for transactions in which it acts as an agent, accounting for repurchase agreements, and methods for recognizing revenue from performance obligations satisfied over time, and disclosed the impact on net sales and other items. - FY2020RestatedAnnual report
「The planned effective date for applying the Accounting Standard for Revenue Recognition and related standards is the beginning of the fiscal year ending March 2022. / The impact of applying the Accounting Standard for Revenue Recognition and related standards on the consolidated financial statements is currently being assessed.」
The revenue recognition accounting standard was applied from the beginning of the fiscal year ending March 2022, and the impact remains under assessment. - FY2019RestatedAnnual report
「The planned effective date for applying the Accounting Standard for Revenue Recognition and related standards is the beginning of the fiscal year ending March 2022. / The impact of applying the Accounting Standard for Revenue Recognition and related standards on the consolidated financial statements is currently being assessed.」
The revenue recognition accounting standard is scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of its impact remains under assessment. - FY2018First statedAnnual report
「The scheduled effective date for the application of the Accounting Standard for Revenue Recognition and related standards is the beginning of the fiscal year ending March 2022. The impact of applying the Accounting Standard for Revenue Recognition and related standards on the consolidated financial statements is currently being assessed.」
The revenue recognition accounting standard was scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact on the consolidated financial statements was disclosed as still under assessment.