Preparation for Adoption of the Revenue Recognition Standard
First written in FY2019. 3 of 6 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter decreased by ¥10,925 million, cost of sales decreased by ¥10,936 million, and operating income, ordinary income and quarterly net income before income taxes and other adjustments each increased by ¥10 million. In addition, the beginning balance of retained earnings decreased by ¥73 million.」
For the Accounting Standard for Revenue Recognition applied from the beginning of the fiscal year ending March 2022, the Company confirmed a cumulative third-quarter impact of a ¥10,925 million decrease in net sales, a ¥10 million increase in operating income and other measures, and a ¥73 million decrease in beginning retained earnings. - FY2022-Q2RestatedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, dated 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter of the current fiscal year. Accordingly, 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, net sales for the cumulative second quarter decreased by ¥7,344 million, cost of sales decreased by ¥7,333 million, and operating income, ordinary income and quarterly net income before income taxes and other adjustments each decreased by ¥11 million. In addition, the beginning balance of retained earnings decreased by ¥73 million.」
The Company is confirming the cumulative quarterly impact of the Accounting Standard for Revenue Recognition, applied from the beginning of the fiscal year ending March 2022, mainly due to net presentation as an agent. - FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, dated 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter of the current fiscal year. Accordingly, 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, net sales for the cumulative first quarter decreased by ¥3,569 million, cost of sales decreased by ¥3,589 million, and operating income, ordinary income and quarterly net income before income taxes and other adjustments each increased by ¥19 million.」
The Company applied the Accounting Standard for Revenue Recognition from the beginning of the first quarter of the fiscal year ending March 2022. Due mainly to net presentation as an agent, net sales decreased by ¥3,569 million, while operating income and other measures each increased by ¥19 million. - FY2021AdvancedAnnual report
「The standards will be applied from the beginning of the fiscal year ending March 2022. The impact on retained earnings at the beginning of that fiscal year is immaterial.」
The Company maintained its plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022 and assessed the impact on retained earnings at the beginning of the fiscal year as immaterial. - FY2020RestatedAnnual report
「Scheduled date of application of the Accounting Standard for Revenue Recognition and other standards The standards will be applied from the beginning of the fiscal year ending March 2022.」
The Company continues to plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「Scheduled application date of the Accounting Standard for Revenue Recognition, etc.: The standards will be applied from the beginning of the fiscal year ending March 2022.」
The Company announced its policy of applying the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022 and is assessing the impact on the consolidated financial statements.