Future Adoption of the Accounting Standard for Revenue Recognition
First written in FY2018. 3 of 7 entries say "Cited as achieved", first in FY2022-Q2. Latest entry: FY2022.
- FY2022Cited as achievedAnnual report
「In addition, retained earnings decreased by ¥7 million at the beginning of the current consolidated fiscal year, while net sales and cost of sales for the current consolidated fiscal year decreased by ¥438 million each. The impact on operating income, ordinary income and profit before income taxes was minor.」
The company disclosed the full-year impact after applying the revenue recognition accounting standards and related guidance, including decreases of ¥7 million in retained earnings at the beginning of the fiscal year and ¥438 million each in net sales and cost of sales. - FY2022-Q3Cited as achievedAnnual report
「As a result, retained earnings decreased by ¥7 million at the beginning of the first quarter of the current consolidated fiscal year. In addition, during the nine months ended the third quarter, net sales decreased by ¥343 million and cost of sales by ¥340 million, while operating income, ordinary income and profit before income taxes decreased by ¥2 million each.」
The company disclosed the specific impact of applying the revenue recognition accounting standards and related guidance from the first quarter: for the nine months ended the third quarter, net sales decreased by ¥343 million, cost of sales by ¥340 million and operating income and other measures by ¥2 million. - FY2022-Q2Cited as achievedAnnual report
「As a result, retained earnings decreased by ¥7 million at the beginning of the first quarter of the current consolidated fiscal year. In addition, during the six months ended the second quarter, net sales decreased by ¥236 million and cost of sales by ¥230 million, while operating income, ordinary income and profit before income taxes decreased by ¥6 million each.」
The company disclosed the specific impact of applying the revenue recognition accounting standards and related guidance from the first quarter, including a ¥7 million decrease in retained earnings at the beginning of the fiscal year and decreases of ¥236 million in net sales and ¥230 million in cost of sales for the six months ended the second quarter. - FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the revenue recognition accounting standards and related guidance) from the beginning of the first quarter of the current consolidated fiscal year. Under the standard, revenue is recognised 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.」
The company applied the revenue recognition accounting standards and related guidance, which had been scheduled for adoption from the beginning of the fiscal year ending March 2022, from the beginning of the first quarter of the current consolidated fiscal year. As a result, net sales decreased by ¥118 million and cost of sales decreased by ¥114 million during the quarter. - FY2021RestatedAnnual report
「The standard was scheduled to 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. The impact is being assessed. - FY2019RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Accounting Standard for Revenue Recognition is scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact continues to be assessed. - FY2018First statedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the comprehensive accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022. The impact of adoption was still being assessed when the financial statements were prepared.