Planned application of the revenue recognition accounting standard from the fiscal year ending March 2022
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2022.
58 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, for the fiscal year, net sales decreased by ¥1,044 million and cost of sales by ¥999 million, while operating income decreased by ¥44 million. There was no impact on ordinary income or profit before income taxes.」
The revenue recognition accounting standards and other relevant standards applied from the beginning of the fiscal year ending March 2022 were also applied for the full fiscal year, and the annual impact on net sales and other items was disclosed. - FY2022-Q3RestatedAnnual report
「As a result, for the nine-month period ended the third quarter, consolidated net sales decreased by ¥769 million and cost of sales by ¥735 million, while merchandise and finished goods increased by ¥54 million and liabilities related to transactions involving customer-supplied materials, included in other current liabilities, increased by ¥56 million. There was no impact on the beginning balance of retained earnings.」
The revenue recognition accounting standards and other relevant standards applied from the beginning of the first quarter of the fiscal year continued to be applied, and the amount of their impact on the nine-month period was disclosed. - FY2022-Q2RestatedAnnual report
「As a result, for the six-month period ended the second quarter, consolidated net sales decreased by ¥520 million and cost of sales by ¥498 million, while merchandise and finished goods increased by ¥54 million and liabilities related to transactions involving customer-supplied materials, included in other current liabilities, increased by ¥54 million. There was no impact on the beginning balance of retained earnings.」
The revenue recognition accounting standards and other relevant standards applied from the beginning of the first quarter of the fiscal year continued to be applied, and the amount of their impact on the six-month period was disclosed. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards were applied 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, sales and cost of sales for the cumulative first quarter of the current consolidated fiscal year each decreased by ¥233 million. Merchandise and finished goods increased by ¥78 million, and liabilities related to transactions involving the provision of materials for consideration, included in other current liabilities, increased by ¥79 million.」
The accounting standards for revenue recognition and related standards, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were applied from the beginning of the current first-quarter consolidated accounting period. As a result, sales and cost of sales each decreased by ¥233 million. - FY2019RestatedAnnual report
「(2) Scheduled date of adoption The standard is scheduled to be adopted from the beginning of the fiscal year ending March 2022.」
The company continued to disclose its plan to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022. - FY2018First statedAnnual report
「(2) Scheduled adoption date The standard is scheduled to be adopted from the beginning of the fiscal year ending March 2022.」
The company disclosed for the first time that it planned to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022. The amount of the impact was under assessment.