Application of Revised Tax-Effect Accounting Standards and Changes in Presentation
First written in FY2019-Q1. 1 of 7 entries say "Restated". Latest entry: FY2022.
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- FY2022Full-year impact of the revenue recognition accounting standard finalizedAnnual report
「As a result, compared with before applying the Revenue Recognition Accounting Standard and other standards, the consolidated income statement for the current consolidated fiscal year showed a ¥4,182 million decrease in net sales, a ¥4,227 million decrease in cost of sales, and a ¥45 million increase in operating income, ordinary income and profit before income taxes and other adjustments.」
The revenue recognition accounting standard, which had been scheduled for application in the previous fiscal year, was applied from the beginning of the fiscal year, and the full-year impact on net sales, cost of sales and profit was disclosed. - FY2022-Q3Impact of applying the revenue recognition standard for the first 9 months updatedAnnual report
「As a result, for the first 9 months of the current consolidated fiscal year, net sales decreased by ¥3,281 million, cost of sales decreased by ¥3,269 million, and operating income, ordinary income and profit before income taxes and other adjustments each decreased by ¥12 million. In addition, the opening balance of retained earnings increased by ¥487 million.」
For the revenue recognition accounting standard applied from the first quarter, the disclosed impact for the first 9 months was a ¥3,281 million decrease in net sales, a ¥3,269 million decrease in cost of sales, a ¥12 million decrease in operating income and other items, and a ¥487 million increase in the opening balance of retained earnings. - FY2022-Q2Impact of applying the revenue recognition standard for the first 6 months disclosedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal period. Revenue is recognized at the point 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. As a result, for the first 6 months of the current fiscal year, net sales decreased by ¥1,927 million, cost of sales decreased by ¥2,104 million, and operating income, ordinary income and profit before income taxes and other adjustments each increased by ¥176 million. In addition, the opening balance of retained earnings increased by ¥487 million.」
For the revenue recognition accounting standard applied from the first quarter, the disclosed impact for the first 6 months was a ¥1,927 million decrease in net sales, a ¥176 million increase in operating income and other items, and a ¥487 million increase in the opening balance of retained earnings. - FY2022-Q1AdvancedAnnual 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 accounting standard, which had been scheduled for application in the previous fiscal year, was applied from the beginning of the first quarter of the current consolidated fiscal period. Changes were also made to recognize principal-versus-agent transactions on a net basis and to recognize certain Internet business licenses at a point in time. The disclosed impact included a ¥714 million decrease in net sales and a ¥172 million increase in operating income and other items. - FY2021Planned application of the revenue recognition standard for the fiscal year ending March 2022 explicitly statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 26 March 2021) are scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is being assessed as of the preparation of these consolidated financial statements.」
In addition to the disclosures following the application of the accounting standard for tax effect accounting, the company plans to apply the revenue recognition standard from the beginning of the fiscal year ending March 2022 and is assessing the impact. - FY2019-Q2RestatedAnnual report
「The “Partial Amendments to the Accounting Standard for Tax Effect Accounting” (Accounting Standard No. 28, 16 February 2018) and other standards have been applied from the beginning of the first quarter of the consolidated fiscal year. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The filing reiterates that the amended accounting standard for tax-effect accounting and other changes were applied from the beginning of the first quarter of the current consolidated accounting period, changing the presentation classification of deferred tax assets and liabilities. - FY2019-Q1First statedAnnual report
「We have applied the Partial Amendments to Accounting Standards for Tax Effect Accounting (ASBJ Statement No. 28, dated 16 February 2018) and related standards from the beginning of the first quarter of the consolidated fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The amendments to the accounting standard for tax effect accounting and other changes have been applied from the beginning of the first quarter of the consolidated fiscal period beginning 1 April 2018, and the presentation categories for deferred tax assets and liabilities have been changed.