Application of the Revenue Recognition Accounting Standard in FY2022
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2022-Q2.
122 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other standards were applied from the beginning of the first quarter. 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, revenue for the cumulative second quarter decreased by ¥31.180 million, cost of sales decreased by ¥31.897 million, and selling, general and administrative expenses increased by ¥716,000. There was no impact on operating income, ordinary income or profit before income taxes for the quarter.」
The application of the Revenue Recognition Accounting Standard has continued. While the presentation of revenue and other items was affected during the cumulative period, there was no impact on operating income, ordinary income or profit before income taxes for the quarter. - FY2022-Q1AchievedAnnual report
「The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other standards were applied from the beginning of the first quarter of the current consolidated fiscal year. 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, revenue for the cumulative first quarter decreased by ¥15.045 million, cost of sales decreased by ¥16.225 million, and selling, general and administrative expenses increased by ¥1.180 million. There was no impact on operating income, ordinary income or profit before income taxes for the quarter.」
The Revenue Recognition Accounting Standard was applied from the beginning of the first quarter of the fiscal year ending March 2022. While the presentation of revenue and other items was affected, there was no impact on operating income, ordinary income or profit before income taxes for the quarter. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company has continued its policy of applying the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022. - FY2019-Q1First statedAnnual report
「The Partial Amendments to the Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, 16 February 2018) and other standards have been adopted from the beginning of the first quarter of the consolidated fiscal year, and deferred tax assets are presented under investments and other assets.」
The company changed the presentation of deferred tax assets to investments and other assets following amendments to the tax-effect accounting standards. - FY2018First statedAnnual report
「We will apply it from the beginning of the fiscal year ending March 2022.」
The company plans to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2022, and stated that the impact on the financial statements was still being assessed.