Planned application of the Accounting Standard for Revenue Recognition for the fiscal year ending March 2022
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2022.
50 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, compared with before retrospective application, both net sales and cost of sales for the previous consolidated fiscal year decreased by ¥64,340 million.」
The annual report stated that applying the revenue recognition standard and presenting agent transactions on a net basis reduced the previous year's net sales and cost of sales by ¥64,340 million each. - FY2022-Q3RestatedAnnual report
「As a result, compared with before retrospective application, both net sales and cost of sales for the cumulative first three quarters of the previous consolidated fiscal year decreased by ¥49,976 million.」
The third-quarter notes also stated that applying the revenue recognition standard and related standards from the first quarter and presenting agent transactions on a net basis reduced net sales and cost of sales for the prior-year period by ¥49,976 million each. - FY2022-Q1AchievedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The revenue recognition standard and related standards, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were applied from the first quarter of the current fiscal year. Agent transactions are presented net of purchases, reducing net sales and cost of sales for the prior-year quarter by ¥27,277 million each compared with before retrospective application. - FY2020RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The policy of applying the revenue recognition standard and related standards from the beginning of the fiscal year ending March 2022 was reiterated, and the amount of the impact remains under assessment. - FY2019First statedAnnual report
「"Accounting Standard for Revenue Recognition" (Accounting Standard No. 29, 30 March 2018) and "Implementation Guidance on Accounting Standard for Revenue Recognition" (Implementation Guidance No. 30, 30 March 2018)」
The new accounting standards, including the revenue recognition standard, were scheduled to be applied from the beginning of the fiscal year ending March 2022, with the amount of the impact still under assessment.