Application of the Revenue Recognition Accounting Standard from the Fiscal Year Ending June 2022
First written in FY2018. 3 of 5 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「Because the accounting standards for revenue recognition were applied, "Notes and accounts receivable—trade," which had been presented under "Current assets" in the consolidated balance sheet for the previous consolidated fiscal year, has been presented from the first quarter as "Notes and accounts receivable—trade and contract assets."」
The Revenue Recognition Standard applied from the beginning of the fiscal year ending June 2022 continues to be applied, and a change in the presentation method, including contract assets, has been confirmed. For the cumulative period, net sales and cost of sales decreased by ¥941.244 million, with no impact on profit. - FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards 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.」
The Revenue Recognition Standard, for which an adoption schedule had been set from FY2018 onward and whose application from the beginning of the fiscal year ending June 2022 had been reconfirmed in FY2021, was applied from 1 July 2021. Transactions as an agent were changed from gross to net presentation. - FY2021RestatedAnnual report
「We will apply it from the beginning of the fiscal year ending June 2022.」
It has reconfirmed the plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending June 2022. - FY2019RestatedAnnual report
「We will apply it from the beginning of the fiscal year ending June 2022.」
It has reconfirmed the plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending June 2022. - FY2018First statedAnnual report
「Scheduled effective date The standards will be applied from the beginning of the fiscal year ending June 2022.」
For the revenue recognition accounting standards and other standards not yet applied, the company has for the first time explicitly stated that it plans to apply them from the beginning of the fiscal year ending June 2022. The impact of their application on the financial statements is currently being evaluated.