Preparation for Adoption of the Revenue Recognition Standard
First written in FY2018. 3 of 7 entries say "Restated". Latest entry: FY2022.
- FY2022Updated the impact of applicationAnnual report
「As a result, compared with the figures before applying the revenue recognition accounting standard and related standards, the consolidated income statement for the fiscal year shows decreases of ¥1,589 million in net sales and ¥1,592 million in cost of sales, while gross profit, operating profit, ordinary profit and profit before income taxes each increased by ¥2 million.」
The company updated the full-year impact of applying the revenue recognition accounting standard, with net sales decreasing by ¥1,589 million and operating profit and other items increasing by ¥2 million. - FY2022-Q3Updated the impact of applicationAnnual report
「As a result, for the cumulative third-quarter period, net sales decreased by ¥1,719 million and cost of sales decreased by ¥1,717 million, while gross profit, operating profit, ordinary profit and profit before income taxes each decreased by ¥2 million. The opening balance of retained earnings also decreased by ¥28 million.」
The company updated the impact of applying the revenue recognition accounting standard for the cumulative third-quarter period, disclosing decreases of ¥1,719 million in net sales and ¥2 million in operating profit and other items. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the cumulative second-quarter period decreased by ¥980 million, cost of sales decreased by ¥971 million, and gross profit, operating profit, ordinary profit and profit before income taxes for the quarter each decreased by ¥8 million. In addition, the opening balance of retained earnings decreased by ¥28 million.」
The impact of applying the revenue recognition accounting standard from the beginning of the first quarter was reconfirmed for the cumulative second quarter period, including a ¥980 million decrease in net sales and an ¥8 million decrease in operating profit and other items. - FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the "Revenue Recognition Accounting Standard"), among other standards, from the beginning of the first quarter of the current fiscal year. Revenue is recognized 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, revenue for the cumulative first-quarter period decreased by ¥563 million, cost of sales decreased by ¥556 million, and gross profit, operating profit, ordinary profit and profit before income taxes for the quarter each decreased by ¥6 million.」
The company applied from the beginning of the first quarter the revenue recognition accounting standard that had been scheduled for application from the fiscal year ending March 2022, and disclosed the impact on revenue and other items. - FY2020RestatedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is under assessment as of the preparation of these consolidated financial statements.」
The company planned to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and continued to assess the amount of the impact. - FY2019RestatedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is under assessment as of the preparation of these consolidated financial statements.」
The company planned to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022 and continued to assess the amount of the impact. - FY2018First statedAnnual report
「The planned effective date is the beginning of the fiscal year ending March 2022. The amount of the impact was still being assessed when these consolidated financial statements were prepared.」
It discloses that the comprehensive accounting standard for revenue recognition was scheduled to be applied from the beginning of the fiscal year ending March 2022, with the amount of the impact still under assessment.