Planned adoption of the revenue recognition accounting standard for the fiscal year ending September 2022
First written in FY2018. 1 of 5 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3Cumulative impact of adoption quantifiedAnnual report
「Compared with the previous method, net sales increased by ¥172,023 thousand, cost of sales decreased by ¥90,208 thousand, selling, general and administrative expenses decreased by ¥40,870 thousand, operating profit increased by ¥303,103 thousand, and ordinary profit and profit before income taxes for the quarter increased by ¥118,435 thousand during the third quarter consolidated cumulative period.」
The Company continues to apply the Revenue Recognition Accounting Standard and has disclosed specific impacts on net sales, expenses and profit for the third quarter cumulative period. - FY2022-Q2Quantification of the impact of applicationAnnual report
「Compared with the previous method, net sales increased by ¥57,943 thousand, cost of sales decreased by ¥69,830 thousand, selling, general and administrative expenses decreased by ¥19,209 thousand, operating profit increased by ¥146,983 thousand, and ordinary profit and profit before income taxes for the quarter decreased by ¥9,673 thousand during the second quarter consolidated cumulative period.」
The Company continues to apply the Revenue Recognition Accounting Standard and has disclosed specific impacts for the second quarter cumulative period from the changes to recognizing points as contract liabilities and recognizing revenue over a specified period. - FY2022-Q1AchievedAnnual report
「The Company applies the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other requirements from the beginning of the first quarter consolidated accounting period, and recognizes revenue 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 Company applied the Revenue Recognition Accounting Standard from the beginning of the first quarter consolidated accounting period, rather than from the beginning of the fiscal year ending September 2022 as previously planned. It changed to a method of recognizing points as contract liabilities and to a method of recognizing revenue over a specified period. - FY2021RestatedAnnual report
「The Company plans to apply it from the beginning of the fiscal year ending September 2022.」
The Company plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending September 2022 and continues to assess the impact. - FY2018First statedAnnual report
「Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018); Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018)」
The Company plans to apply the new accounting standards and other requirements relating to revenue recognition from the beginning of the fiscal year ending September 2022, and is assessing the impact.