Timing and Impact of Applying the Revenue Recognition Standard
First written in FY2019. 9 of 15 entries say "Restated". Latest entry: FY2024-Q2.
- FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing risks relating to the adoption and impact of the accounting standard for revenue recognition. - FY2023RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards have been adopted from the beginning of the 85th fiscal year. Accordingly, the key management indicators and other metrics for the 85th fiscal year onward reflect the application of these accounting standards and other relevant standards.」
Accounting treatments and metrics following adoption of the accounting standard for revenue recognition continue to be disclosed. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing risks relating to the adoption and impact of the accounting standard for revenue recognition. - FY2022Disclosed the full-year impact of adopting the revenue recognition standardAnnual report
「As a result, revenue increased by ¥29.163 million and cost of sales increased by ¥17.889 million for the consolidated fiscal year. There was no impact on the balance of retained earnings at the beginning of the fiscal year.」
The accounting standard for revenue recognition was adopted from the beginning of the fiscal year, and its full-year impact on revenue and cost of sales was disclosed. - FY2022-Q3Updated cumulative figures for the impact of adopting the accounting standard for revenue recognitionAnnual report
「As a result, revenue increased by ¥92.117 million and cost of sales increased by ¥57.418 million during the cumulative third quarter of the consolidated fiscal year. There was no impact on the balance of retained earnings at the beginning of the fiscal year.」
Adoption of the accounting standard for revenue recognition began in the previous quarter, and the cumulative impact on revenue and cost of sales is disclosed for the current quarter. - FY2022-Q2Quantitative disclosure of the impact of adopting the accounting standard for revenue recognitionAnnual report
「As a result, revenue increased by ¥21.827 million and cost of sales increased by ¥14.237 million during the cumulative second quarter of the consolidated fiscal year. There was no impact on the balance of retained earnings at the beginning of the fiscal year.」
Adoption of the accounting standard for revenue recognition had already begun in the previous quarter, and the impact on revenue and cost of sales is disclosed quantitatively for the current quarter. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The accounting standard for revenue recognition, which had previously been under consideration, was adopted from 1 October 2021. The accounting treatment was changed so that revenue and cost of sales are not recognized for returned goods, with return assets and refund liabilities recorded instead. This increased revenue by ¥52.756 million and cost of sales by ¥18.806 million for the quarter. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing business and other risks, including consideration of the timing and impact of adopting the accounting standard for revenue recognition. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing business and other risks, including consideration of the timing and impact of adopting the accounting standard for revenue recognition. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing business and other risks, including consideration of the timing and impact of adopting the accounting standard for revenue recognition. - FY2020AdvancedAnnual report
「(2) Scheduled adoption date: The standard will be adopted from the beginning of the fiscal year ending September 2022. (3) Impact of adopting the accounting standard and other relevant standards: The amount of the impact of adopting the Accounting Standard for Revenue Recognition and other relevant standards on the consolidated financial statements is currently being assessed.」
The scheduled adoption date for the accounting standard for revenue recognition was specified as the beginning of the fiscal year ending September 2022. The impact on the financial statements remains under assessment. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing business and other risks, including consideration of the timing and impact of adopting the accounting standard for revenue recognition. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing business and other risks, including consideration of the timing and impact of adopting the accounting standard for revenue recognition. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing business and other risks, including consideration of the timing and impact of adopting the accounting standard for revenue recognition. - FY2019First statedAnnual report
「The timing of adoption is currently under consideration. The amount of the impact on the consolidated financial statements is currently being assessed.」
It states for the first time that the timing of adoption of the accounting standard for revenue recognition and its impact on the financial statements have not yet been determined.