Application of the Revenue Recognition Accounting Standard from the Fiscal Year Ending March 2022
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「Consequently, net sales and cost of sales for the fiscal year decreased by ¥17,043 million, while the impact on operating income, ordinary income and profit before income taxes was immaterial.」
For the Revenue Recognition Standard applied from the first quarter of the fiscal year ending March 2022, the Company reaffirmed that, for the full year, net sales and cost of sales decreased by ¥17,043 million and the impact on profit was immaterial. - FY2022-Q3RestatedAnnual report
「Consequently, net sales and cost of sales for the nine months ended the third quarter decreased by ¥11,910 million, while the impact on operating income, ordinary income and profit before income taxes was immaterial.」
For the Revenue Recognition Standard applied from the first quarter of the fiscal year ending March 2022, the Company reaffirmed that net sales and cost of sales for the nine months ended the third quarter decreased by ¥11,910 million, while the impact on profit was immaterial. - FY2022-Q2AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard") and other relevant standards were applied from the beginning of the first quarter of the fiscal year. Accordingly, 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 is transferred to the customer. As a result, for transactions involving the provision of goods for consideration that qualify as repurchase agreements, the Company changed its method from recognizing the consideration received from the recipient as revenue to not recognizing that revenue. Consequently, net sales and cost of sales for the six months ended the second quarter decreased by ¥7,601 million, while the impact on operating income, ordinary income and profit before income taxes was immaterial.」
The Company has actually applied the Revenue Recognition Standard and other relevant standards from the beginning of the first quarter of the fiscal year ending March 2022. It changed the revenue recognition method for transactions involving the provision of goods for consideration that qualify as repurchase agreements; net sales and cost of sales for the six months ended the second quarter decreased by ¥7,601 million, while the impact on profit was immaterial. - FY2019First statedAnnual report
「We will apply the Accounting Standard for Revenue Recognition and other relevant standards from the beginning of the fiscal year ending March 2022. The amount of the impact of applying the Accounting Standard for Revenue Recognition and other relevant standards on the financial statements is currently being assessed.」
The Company stated for the first time that it planned to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2022, and that the impact on the financial statements was under assessment.