Future application of accounting standards for tax-effect accounting and revenue recognition
First written in FY2019. 4 of 10 entries say "Restated". Latest entry: FY2023.
14 other companies' latest entry also says "Other".
- FY2023Full-year impact of applying the revenue recognition standard finalizedAnnual report
「As a result, for the current consolidated fiscal year, net sales decreased by ¥14,567 million, cost of sales decreased by ¥10,985 million, operating revenue increased by ¥1,545 million, and selling, general and administrative expenses decreased by ¥2,069 million. Operating profit, ordinary profit and profit before income taxes each increased by ¥32 million. In addition, the opening balance of retained earnings increased by ¥68 million.」
It finalized the full-year presentation impact of applying the revenue recognition standard and stated that operating profit, ordinary profit and profit before income taxes each increased by ¥32 million. - FY2023-Q3Quantified the impact of applying the revenue recognition standard for the nine months ended the third quarterAnnual report
「As a result, for the nine months ended the third quarter of the current consolidated fiscal year, net sales decreased by ¥10,895 million, cost of sales decreased by ¥8,226 million, operating revenue increased by ¥1,132 million, and selling, general and administrative expenses decreased by ¥1,536 million. However, there was no impact on operating profit, ordinary profit or profit before income taxes. In addition, the opening balance of retained earnings increased by ¥68 million.」
Updated the amounts of the presentation impact for the nine months ended the third quarter resulting from application of the revenue recognition standard. Although the reported amounts of net sales and other items changed, it stated that there was no impact on operating profit, ordinary profit or profit before income taxes. - FY2023-Q2Quantified the impact of applying the revenue recognition standardAnnual report
「As a result, for the six months ended the second quarter of the current consolidated fiscal year, net sales decreased by ¥7,410 million, cost of sales decreased by ¥5,599 million, operating revenue increased by ¥768 million, and selling, general and administrative expenses decreased by ¥1,041 million. However, there was no impact on operating profit, ordinary profit or profit before income taxes. In addition, the opening balance of retained earnings increased by ¥68 million.」
Regarding the revenue recognition standard applied from the first quarter, it disclosed the amounts of the impact on net sales, cost of sales, operating revenue, and selling, general and administrative expenses, as well as the absence of any impact on operating profit and other measures. - FY2023-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
It applied the revenue recognition standard and related guidance, which had been scheduled through the previous fiscal year for future application, from the beginning of the first quarter of the current consolidated fiscal year. It also changed the revenue recognition methods for transactions as an agent, points programs and the company's own gift certificates. - FY2022RestatedAnnual report
「The "Accounting Standard for Revenue Recognition" and the "Implementation Guidance on Accounting Standard for Revenue Recognition" are scheduled to be applied from the beginning of the fiscal year ending February 2023.」
It reiterated its policy of applying the revenue recognition standard and related guidance from the beginning of the fiscal year ending February 2023. - FY2021RestatedAnnual report
「The "Accounting Standard for Revenue Recognition" and the "Implementation Guidance on Accounting Standard for Revenue Recognition" are scheduled to be applied from the beginning of the fiscal year ending February 2023.」
It reiterated its policy of applying the revenue recognition standard and related guidance from the beginning of the fiscal year ending February 2023. - FY2020-Q3RestatedAnnual report
「It has applied the "Partial Amendments to Accounting Standard for Tax Effect Accounting" (ASBJ Statement No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the current consolidated fiscal year, presenting deferred tax assets under investments and other assets and deferred tax liabilities under non-current liabilities.」
It reiterated the application from the beginning of the first quarter of the current consolidated fiscal year of the revisions related to tax-effect accounting and the presentation classifications. - FY2020-Q2RestatedAnnual report
「The Company has applied the partial amendments to the Accounting Standard for Tax Effect Accounting and other relevant standards from the beginning of the first quarter of the consolidated fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
It reiterated the application from the beginning of the first quarter of the current consolidated fiscal year of the revisions related to tax-effect accounting and the presentation classifications. - FY2020-Q1AchievedAnnual report
「We have applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting and other relevant standards from the beginning of the first quarter of the current fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
It applied the revisions related to tax-effect accounting, which had been scheduled in the previous fiscal year to take effect from the beginning of the fiscal year ending February 2020, from the beginning of the first quarter of the current consolidated fiscal year. - FY2019First statedAnnual report
「The "Implementation Guidance on Accounting Standard for Tax Effect Accounting" and the "Implementation Guidance on Recoverability of Deferred Tax Assets" are scheduled to be applied from the beginning of the fiscal year ending February 2020. The "Accounting Standard for Revenue Recognition" and the "Implementation Guidance on Accounting Standard for Revenue Recognition" are scheduled to be applied from the beginning of the fiscal year ending February 2023.」
It stated that the tax-effect accounting guidance was scheduled to be applied from the fiscal year ending February 2020 and the revenue recognition standard and related guidance from the fiscal year ending February 2023, with the amount of the impact still under assessment.