Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2022-Q3.
90 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, for the nine-month period ended the third quarter, net sales increased by ¥44 million, cost of sales increased by ¥190 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥145 million each. The balance of retained earnings at the beginning of the fiscal year also decreased by ¥1,145 million.」
The Company continues to disclose the impact on profit or loss for the nine-month period ended the third quarter and on retained earnings at the beginning of the fiscal year of the revenue recognition accounting standard applied from the beginning of the first-quarter consolidated accounting period. - FY2022-Q2RestatedAnnual report
「As a result, for the six-month period ended the second quarter, net sales increased by ¥2 million, cost of sales increased by ¥121 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥118 million each. The balance of retained earnings at the beginning of the fiscal year also decreased by ¥1,145 million.」
The Company continues to disclose the impact on the cumulative results for the current quarter and on retained earnings at the beginning of the fiscal year of the revenue recognition accounting standard applied from the beginning of the first-quarter consolidated accounting period. - FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the current first-quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, for sales transactions involving construction materials subject to repurchase conditions, the Company changed its accounting method from recognizing revenue at the time of shipment under the customer contract, as for ordinary sales transactions, to recognizing the consideration received from the customer as revenue over the expected period of use until repurchase.」
The Company applied the revenue recognition accounting standard from the beginning of the current quarter, rather than from the beginning of the fiscal year ending March 2022 as previously planned. It changed the accounting method for sales subject to repurchase conditions, disclosing impacts of a ¥22 million decrease in net sales, a ¥55 million increase in cost of sales, a ¥77 million decrease in operating profit and other profit measures, and a ¥1,145 million decrease in retained earnings at the beginning of the fiscal year. - FY2020RestatedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The Company continues to disclose its plan to apply the accounting standards on revenue recognition and related standards from the beginning of the fiscal year ending March 2022. - FY2019RestatedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The Company continues to disclose its plan to apply the accounting standards on revenue recognition and related standards from the beginning of the fiscal year ending March 2022. - FY2018First statedAnnual report
「Scheduled adoption date: We will adopt the standard from the beginning of the fiscal year ending March 2022.」
The Company first disclosed its plan to apply the accounting standards on revenue recognition and related standards from the beginning of the fiscal year ending March 2022, and stated that the impact on the consolidated financial statements was still being assessed as of that date.