Preparation for Applying the Revenue Recognition Standard
First written in FY2019. 1 of 5 entries say "Restated". Latest entry: FY2022.
- FY2022Quantified the full-year impact of adoptionAnnual report
「As a result, revenue for the fiscal year decreased by ¥226 million, cost of sales decreased by ¥174 million, selling, general and administrative expenses decreased by ¥23 million, and operating profit decreased by ¥28 million. However, as non-operating expenses decreased by ¥28 million, there was no change in profit before income taxes for the fiscal year.」
The revenue recognition accounting standard was applied for the full fiscal year, and the impact on revenue, operating profit and other items was disclosed quantitatively. - FY2022-Q3Quantified disclosure of the impact on profit and loss from applicationAnnual report
「The Group applied the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, issued on 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the current consolidated 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 third quarter decreased by ¥201 million, cost of sales decreased by ¥163 million, selling, general and administrative expenses decreased by ¥16 million, and operating profit decreased by ¥21 million. However, as non-operating expenses decreased by ¥21 million, there was no change in ordinary profit or profit before income taxes and other adjustments for the quarter.」
Application itself began in the first quarter, and this time the Company quantitatively disclosed the impact on revenue, operating profit and other items for the cumulative third quarter. - FY2022-Q1AchievedAnnual report
「The “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020), among others, has been applied.」
The Group applied the revenue recognition accounting standard and related standards from the beginning of the current first quarter consolidated accounting period, moving from the preparation stage to the implementation stage. - FY2021RestatedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The company reiterated its plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「Scheduled application date: the standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact was under assessment when these consolidated financial statements were prepared.」
The Group disclosed that it planned to apply the new accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022 and was assessing its impact on the financial statements.