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Rikei (8226) · InitiativeDisclosure of the impact of adoption for the fiscal year

Application of the revenue recognition accounting standard from the fiscal year ending March 2022

First written in FY2018. 2 of 7 entries say "Restated". Latest entry: FY2022.

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ProgressHeldSoftenedWorseFirst statedFY2018 – FY2020OtherFY2022-Q2 – FY20222018: 120182019: 120192020: 120202021: 220212022: 22022
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Showing 14 of the 200 companies compared. The sentences above are computed from all 200.Comparing 200 of the theme's 366 threads.
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  1. FY2022Disclosure of the impact of adoption for the fiscal yearAnnual report

    「As a result, sales in the consolidated income statement for the current consolidated fiscal year decreased by ¥64.753 million, cost of sales decreased by ¥49.108 million, and operating income, ordinary income and net income before income taxes each decreased by ¥15.644 million.」

    The company disclosed the impact on sales and earnings of applying the accounting standard for revenue recognition for the full fiscal year and continued applying the standard.
  2. FY2022-Q3Cumulative disclosure of the impact of adoptionAnnual report

    「As a result, sales for the cumulative third-quarter consolidated period decreased by ¥52.398 million, cost of sales decreased by ¥39.660 million, and operating income, ordinary income and quarterly net income before income taxes each decreased by ¥12.738 million. In addition, the opening balance of retained earnings for the current fiscal year increased by ¥4.352 million.」

    The company continued applying the accounting standard for revenue recognition and disclosed its impact on sales and earnings for the cumulative third-quarter period and on the opening balance of retained earnings.
  3. FY2022-Q2RestatedAnnual report

    「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first-quarter consolidated accounting period. Revenue is recognized at the point 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, sales for the cumulative second-quarter consolidated period decreased by ¥49.614 million, cost of sales decreased by ¥38.454 million, and operating income, ordinary income and quarterly net income before income taxes each decreased by ¥11.160 million.」

    The company continued applying the accounting standard for revenue recognition and disclosed the impact on sales and other items for the cumulative second-quarter period.
  4. FY2022-Q1AchievedAnnual report

    「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020) and other standards were applied from the beginning of the first-quarter consolidated accounting period. Revenue is recognized at the point 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, sales for the cumulative first-quarter consolidated period decreased by ¥26.887 million, cost of sales decreased by ¥20.739 million, and operating loss, ordinary loss and quarterly net loss before income taxes each increased by ¥6.148 million.」

    The company applied the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022. As a result, sales and other items were affected, and the opening balance of retained earnings increased by ¥4.352 million.
  5. FY2020RestatedAnnual report

    「We will apply this from the beginning of the fiscal year ending March 2022. The impact of applying the Accounting Standard for Revenue Recognition and other standards on the consolidated financial statements is currently under assessment.」

    The company maintained plans to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022 and continued to assess the impact.
  6. FY2019Assessing the impact of adoptionAnnual report

    「The amount of the impact on the consolidated financial statements from applying the Accounting Standard for Revenue Recognition and related guidance is currently under assessment.」

    While maintaining plans to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022, the company stated that it was still assessing the impact on the consolidated financial statements.
  7. FY2018First statedAnnual report

    「The standard will be applied from the beginning of the fiscal year ending March 2022.」

    The company disclosed plans to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022.
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