Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ended March 2022
First written in FY2021. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
10 other companies' latest entry also says "Other".
- FY2022Full-year sales impact of applying the revenue recognition standard finalizedAnnual report
「As a result, sales for the consolidated fiscal year decreased by ¥6,060 million compared with the previous method. The impact on operating profit, ordinary profit and profit before income taxes and other adjustments for the quarter was immaterial.」
The revenue recognition standard was applied from the beginning of the current fiscal year, and transactions for which the company acts as an agent were recognized on a net basis. As a result, full-year sales decreased by ¥6,060 million compared with the previous method. The impact on profit was considered immaterial. - FY2022-Q3Updated sales impact of applying the revenue recognition standardAnnual report
「As a result, sales for the third-quarter cumulative consolidated period decreased by ¥3,723 million compared with the previous method. The impact on operating profit, ordinary profit and profit before income taxes and other adjustments for the quarter was immaterial.」
The revenue recognition standard continued to be applied, and transactions for which the company acts as an agent were recognized on a net basis. As a result, third-quarter cumulative sales decreased by ¥3,723 million compared with the previous method. The impact on profit was considered immaterial. - FY2022-Q2Updated sales impact of applying the revenue recognition standardAnnual report
「As a result, when the performance obligation is to arrange for goods or services to be provided by another party pursuant to an arrangement with the customer, revenue is recognized on a net basis as an agent. As a result, sales for the second-quarter cumulative consolidated period decreased by ¥2,358 million compared with the previous method. The impact on operating profit, ordinary profit and profit before income taxes and other adjustments for the quarter was immaterial.」
The revenue recognition standard continued to be applied, and transactions for which the company acts as an agent were recognized on a net basis. As a result, second-quarter cumulative sales decreased by ¥2,358 million compared with the previous method. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards were applied from the beginning of the first-quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for the promised goods or services when it is determined that control of those goods or services has transferred to the customer. As a result, when the performance obligation is to arrange for goods or services to be provided by another party pursuant to an arrangement with the customer, revenue is recognized on a net basis as an agent.」
The revenue recognition standard was applied from the beginning of the first quarter of the fiscal year ending March 2022. Transactions for which the company acts as an agent are recognized on a net basis, reducing quarterly sales by ¥157.7 million compared with the previous method. - FY2021First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending March 2022.」
The Accounting Standard for Revenue Recognition and its implementation guidance were scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of their impact on the consolidated financial statements was still being assessed.