Preparation for Adoption of the Revenue Recognition Standard
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual 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 51st fiscal year, and the key management indicators and other figures for the 51st fiscal year and thereafter are presented under the standards following their application.」
The revenue recognition accounting standard continues to be applied, and key indicators are presented under the post-application standards. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "revenue recognition accounting standards") was applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognised 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 accounting standards applied from the beginning of the first quarter of the current consolidated fiscal year continue to be applied. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "revenue recognition accounting standards") was applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognised 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 accounting standards applied from the beginning of the first quarter of the current consolidated fiscal year continue to be applied, and the impact on net sales and other items is also presented for the six months ended the second quarter of the current fiscal year. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "revenue recognition accounting standards") was applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognised 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 accounting standards, which had been in the preparation stage, were applied from the beginning of the first quarter of the current consolidated fiscal year. Net sales increased by ¥125 million, operating income, ordinary income and other items increased by ¥47 million, and the beginning balance of retained earnings increased by ¥122 million. - FY2021First statedAnnual report
「Following the application of the Accounting Standard for Revenue Recognition and related standards, the cumulative effect is expected to be reflected in net assets at the beginning of the following consolidated fiscal year, increasing the beginning balance of retained earnings by ¥3 million.」
The revenue recognition standard was applied from the beginning of the fiscal year ending March 2022, and the impact on the beginning balance of retained earnings was expected to be an increase of ¥3 million.