Planned adoption of the revenue recognition accounting standard in the fiscal year ending March 2022
First written in FY2018. 2 of 8 entries say "Restated". Latest entry: FY2022.
12 other companies' latest entry also says "Other".
- FY2022Quantification of the annual impactAnnual report
「As a result, compared with the previous accounting treatment, revenue decreased by ¥14,296 million, cost of sales by ¥14,243 million, gross profit and operating income by ¥52 million each, and non-operating expenses by ¥51 million during the current consolidated fiscal year. Merchandise increased by ¥215 million and other current liabilities increased by ¥220 million.」
The company has specified the impact of applying the Accounting Standard for Revenue Recognition for the full fiscal year on revenue, cost of sales, operating income and merchandise, among other items. - FY2022-Q3Updated impact of adopting the revenue recognition accounting standardAnnual report
「As a result, compared with the previous accounting treatment, revenue decreased by ¥10,361 million, cost of sales by ¥10,321 million, gross profit and operating income by ¥40 million each, and non-operating expenses by ¥37 million during the nine months ended the end of the third quarter of the current consolidated fiscal year. Merchandise increased by ¥182 million and other current liabilities increased by ¥188 million.」
Regarding application of the Accounting Standard for Revenue Recognition, the covered period has progressed from the cumulative second quarter, and the impacts on revenue, cost of sales and operating income have been updated and specified. - FY2022-Q2Quantification of the impact of applicationAnnual report
「As a result, compared with the previous accounting treatment, revenue decreased by ¥7,031 million, cost of sales by ¥7,013 million, and non-operating expenses, gross profit and operating income by ¥28 million each during the six months ended the end of the second quarter of the current consolidated fiscal year. Merchandise increased by ¥141 million and other current liabilities increased by ¥149 million.」
Following application of the Accounting Standard for Revenue Recognition, the company has specified the impact on financial figures of net accounting for transactions conducted as an agent, the change in recognition of transactions involving consideration paid for supplied goods, and the deduction of sales discounts from revenue. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The Accounting Standard for Revenue Recognition, which had been scheduled for application from the beginning of the fiscal year ending March 2022, was applied from the beginning of the first quarter of the current consolidated fiscal year. Transactions conducted as an agent are now accounted for on a net basis, while transactions involving consideration paid for supplied goods have been changed to a method under which the supplied goods are not derecognised. - FY2021AdvancedAnnual report
「The application of the “Accounting Standard for Revenue Recognition” and other related standards is expected to affect revenue in the following fiscal year’s consolidated financial statements because transactions conducted as an agent and transactions involving consideration paid for supplied goods will be accounted for on a net basis. However, as cost of sales is also expected to decrease by approximately the same amount, the impact on operating income will be immaterial. The impact on the opening balance of retained earnings will also be immaterial.」
The company continues to plan to apply the standards in the fiscal year ending March 2022 and has clarified that the impact of transactions conducted as an agent and transactions involving consideration paid for supplied goods on revenue, as well as the impact on operating income, is expected to be immaterial. - FY2020RestatedAnnual report
「(2) Scheduled application date The standards will be applied from the beginning of the fiscal year ending March 2022.」
The company continues to plan to apply the accounting standard related to revenue recognition from the beginning of the fiscal year ending March 2022. - FY2019RestatedAnnual report
「(2) Scheduled application date The standards will be applied from the beginning of the fiscal year ending March 2022.」
The company continues to state that it plans to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022. - FY2018First statedAnnual report
「The “Accounting Standard for Revenue Recognition” and other related standards will be applied from the beginning of the fiscal year ending March 2022. The impact of applying these standards on the consolidated financial statements is currently being evaluated.」
The new accounting standards for revenue recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, with the impact still under evaluation.