Planned adoption of new accounting standards for revenue recognition and fair value measurement
First written in FY2021. 1 of 5 entries say "Restated". Latest entry: FY2023-Q3.
14 other companies' latest entry also says "Other".
- FY2023-Q3Updated Impact of ApplicationAnnual report
「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year increased by ¥9.531 billion, cost of sales decreased by ¥28 million, and selling, general and administrative expenses increased by ¥9.570 billion, while operating profit, ordinary profit and profit before income taxes for the quarter decreased by ¥10 million.」
The Company disclosed the presentation impact of applying the Revenue Recognition Accounting Standard and other standards as a ¥9.531 billion increase in revenue, a ¥28 million decrease in cost of sales, a ¥9.570 billion increase in selling, general and administrative expenses, and a ¥10 million decrease in operating profit and other profit measures. - FY2023-Q2Continued disclosure of the impact of applicationAnnual report
「As a result, revenue for the cumulative second quarter of the current consolidated fiscal year increased by ¥5.762 billion, cost of sales decreased by ¥13 million, and selling, general and administrative expenses increased by ¥5.776 billion. There was no impact on operating profit, ordinary profit or profit before income taxes for the quarter.」
The Company continued to apply the Revenue Recognition Accounting Standard and disclosed the impact of presentation changes related to sell-through purchases, points issued by other companies and transactions with rights of return, among others, as a ¥5.762 billion increase in revenue and a ¥5.776 billion increase in selling, general and administrative expenses. It stated that there was no impact on operating profit or other profit measures. - FY2023-Q1AchievedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the first quarter of the current consolidated fiscal year. 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.」
The Company actually applied the Revenue Recognition Accounting Standard and other standards from the beginning of the first quarter of the current consolidated fiscal year, having previously planned to apply them from the following fiscal year. It also disclosed the impact of changes in the presentation of revenue from sell-through purchases, points issued by other companies and transactions with rights of return, including increases of ¥3.308 billion in revenue and ¥3.332 billion in selling, general and administrative expenses. - FY2022RestatedAnnual report
「The standard is scheduled to be adopted from the beginning of the fiscal year ending February 2023.」
The Company reconfirmed its policy of applying the new accounting standards for revenue recognition, fair value measurement and inventory valuation, among others, from the beginning of the fiscal year ending February 2023, and continues to assess the impact. - FY2021First statedAnnual report
「The standard is scheduled to be adopted from the beginning of the fiscal year ending February 2023.」
The Company plans to apply the accounting standards for revenue recognition, fair value measurement and inventory valuation, among others, from the beginning of the fiscal year ending February 2023, and states that the impact is still being assessed or has not yet been determined.