Planned application of the Accounting Standard for Revenue Recognition for the fiscal year ending March 2022
First written in FY2018. 4 of 7 entries say "Restated". Latest entry: FY2023.
50 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「As a result, sales and cost of sales decreased by ¥204,995 million in the previous consolidated fiscal year and by ¥244,835 million in the current consolidated fiscal year. In both fiscal years, there was no impact on profit at any level from gross profit downward, nor on net assets.」
The company continued applying the revenue recognition accounting standard and reconfirmed that net presentation of agency transactions reduced sales and cost of sales without affecting profit or net assets. - FY2022RestatedAnnual report
「As a result, sales and cost of sales decreased by ¥204,995 million in the previous consolidated fiscal year and by ¥244,835 million in the current consolidated fiscal year. In both fiscal years, there was no impact on profit at any level from gross profit downward, nor on net assets.」
The company continued applying the revenue recognition accounting standard. Net presentation of agency transactions reduced sales and cost of sales, but had no impact on profit from gross profit downward or on net assets. - FY2022-Q3RestatedAnnual report
「As a result, sales and cost of sales decreased by ¥150,548 million in the previous third-quarter cumulative consolidated period and by ¥181,735 million in the current third-quarter cumulative consolidated period. In both periods, there was no impact on profit at any level from gross profit downward, nor on net assets.」
The company continued applying the revenue recognition accounting standard through the cumulative third quarter of FY2022. Net presentation of agency transactions reduced sales and cost of sales by ¥181.735 billion. There was no impact on profit or net assets. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the 'Accounting Standard for Revenue Recognition' (ASBJ Statement No. 29, 31 March 2020) and related standards. We now 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.」
The company adopted the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022. Agency transactions changed to net presentation, reducing sales and cost of sales by ¥5,852.3 million each in the first quarter, with no impact on profit from gross profit downward or on net assets. - FY2021AdvancedAnnual report
「For certain transactions determined to involve the company acting as an agent, we will change revenue presentation from gross to net. As a result, sales and cost of sales in the consolidated income statement are expected to decrease to some extent compared with the previous presentation.」
The company maintained its planned adoption in the fiscal year ending March 2022 and provided more specifics on the expected decrease in sales and cost of sales resulting from net presentation of agency transactions. - FY2019RestatedAnnual report
「The scheduled application date for the Accounting Standard for Revenue Recognition and related standards is the beginning of the fiscal year ending March 2022.」
The company reconfirmed its plan to apply the accounting standards for revenue recognition from the beginning of the fiscal year ending March 2022. - FY2018First statedAnnual report
「The scheduled application date for the Accounting Standard for Revenue Recognition and related standards is the beginning of the fiscal year ending March 2022.」
The company planned to adopt the new accounting standard on revenue recognition from the beginning of the fiscal year ending March 2022, and was evaluating its impact on the consolidated financial statements.