Adoption of the Revenue Recognition Standard in the Fiscal Year Ending February 2022
First written in FY2019. 2 of 8 entries say "Advanced", first in FY2021. Latest entry: FY2023-Q3.
64 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020) and related standards had been applied from the beginning of the previous fiscal year, but from the beginning of the first quarter, the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020) and related standards have been applied.」
Application of the revenue recognition accounting standard has continued, as has the change to presentation including contract assets. - FY2023-Q1AdvancedAnnual report
「The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the first quarter of the current fiscal year.」
The revenue recognition accounting standard and related standards revised in March 2020 were applied from the beginning of the first quarter of the current fiscal year, and the presentation was changed to include contract assets. - FY2022Update on the Impact of AdoptionAnnual report
「As a result, revenue for the fiscal year decreased by ¥127,560 million, cost of sales decreased by ¥125,397 million, selling, general and administrative expenses decreased by ¥2,214 million, operating loss decreased by ¥52 million, and ordinary loss and loss before income taxes increased by ¥89 million each.」
The full-year impact of the early adoption of the revenue recognition accounting standard was disclosed, and revenue decreased by ¥127,560 million. - FY2022-Q3Update on the Impact of AdoptionAnnual report
「As a result, revenue for the nine months ended the third quarter decreased by ¥90,825 million, cost of sales decreased by ¥89,165 million, selling, general and administrative expenses decreased by ¥1,682 million, operating loss decreased by ¥22 million, and ordinary loss and loss before income taxes decreased by ¥21 million each.」
The impact of the revenue recognition accounting standard, which was early adopted from the beginning of the first quarter, was updated for revenue, expenses and loss for the nine months ended the third quarter. Revenue decreased significantly because agency transactions are presented on a net basis. - FY2022-Q2Update on the Impact of AdoptionAnnual report
「As a result, revenue for the six months ended the second quarter decreased by ¥59,219 million, cost of sales decreased by ¥58,184 million, selling, general and administrative expenses decreased by ¥1,059 million, operating loss decreased by ¥24 million, and ordinary loss and loss before income taxes decreased by ¥25 million each.」
The specific impact of applying the revenue recognition accounting standard from the beginning of the first quarter on revenue, expenses and loss for the six months ended the second quarter was disclosed. - FY2022-Q1AchievedAnnual report
「The "Accounting Standard for Revenue Recognition" and the "Implementation Guidance on the Accounting Standard for Revenue Recognition" have been early adopted from the beginning of the first quarter of the current fiscal year.」
The revenue recognition accounting standards and related standards, which had been scheduled for application from the beginning of the fiscal year ending February 2022, were actually applied from the beginning of the first quarter of the current fiscal year. Revenue for the quarter decreased by ¥28,046 million, mainly because sales in agency transactions are presented on a net basis. - FY2021AdvancedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition published on 30 March 2018 will be applied from the beginning of the fiscal year ending February 2022. The revised Accounting Standard for Revenue Recognition and Implementation Guidance on Accounting Standard for Revenue Recognition, as well as the Implementation Guidance on Disclosures about Fair Value of Financial Instruments, revised on 31 March 2020, will be applied from the beginning of the fiscal year ending February 2023.」
Confirmed the planned application of the revenue recognition accounting standard for the fiscal year ending February 2022, and added the planned application of the amended standards and other standards for the fiscal year ending February 2023. - FY2019First statedAnnual report
「Applicable from the beginning of the fiscal year ending February 2022.」
Plans called for applying the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending February 2022, with the impact on the consolidated financial statements still being evaluated at the time.