Preparing to Adopt the Accounting Standard for Revenue Recognition
First written in FY2018. 1 of 6 entries say "Restated". Latest entry: FY2022.
- FY2022Disclosed full-year impact of applicationAnnual report
「As a result, net sales and cost of sales for the fiscal year under review each decreased by ¥4,339 million, while the impact on operating income, ordinary income and profit before income taxes for the year was immaterial.」
The company definitively disclosed that application of the revenue recognition accounting standard reduced full-year net sales and cost of sales by ¥4,339 million each. The impact on profit was immaterial. - FY2022-Q3Cumulative impact of adoption increasedAnnual report
「As a result, net sales for the nine-month period ended the third quarter decreased by ¥3,264 million and cost of sales decreased by ¥3,262 million, while the impact on operating income, ordinary income and profit before income taxes for the quarter was immaterial.」
The company disclosed the impact of applying the revenue recognition accounting standard on net sales and cost of sales for the nine-month period ended the third quarter, and stated that the impact on operating income and other measures was immaterial. - FY2022-Q2Disclosure of the Impact of AdoptionAnnual report
「As a result, net sales and cost of sales for the six-month period ended the second quarter decreased by ¥2,014 million each, while the impact on operating income, ordinary income and profit before income taxes for the quarter was immaterial.」
The company disclosed that application of the revenue recognition accounting standard reduced net sales and cost of sales for the six-month period ended the second quarter by ¥2,014 million each, while the impact on operating income and other measures was immaterial. - FY2022-Q1AchievedAnnual report
「We have applied 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.」
The accounting standard for revenue recognition was applied from 1 April 2021. The accounting treatment was changed for transactions in which the company acts as an agent, transactions involving the provision of materials for consideration, and sales with rights of return, reducing net sales by ¥1,046 million. - FY2020RestatedAnnual report
「(2) Scheduled application date The standards will be applied from the beginning of the fiscal year ending March 2022.」
The Bank continued to plan adoption of the revenue-recognition standard from the beginning of the fiscal year ending March 2022. - FY2018First statedAnnual report
「Scheduled application date for the Accounting Standard for Revenue Recognition and related standards: application from the beginning of the fiscal year ending March 2022.」
The company first stated that it planned to apply the accounting standards for revenue recognition and other related standards from the beginning of the fiscal year ending March 2022, and that the impact on the consolidated financial statements was still being assessed.