Application of the Accounting Standard for Revenue Recognition in the Fiscal Year Ending March 2022
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2022-Q3.
99 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result of applying the Accounting Standard for Revenue Recognition and related standards, trade notes and accounts receivable, which had been presented under current assets in the consolidated balance sheet for the previous consolidated fiscal year, have been presented within trade notes and accounts receivable and contract assets from the first-quarter consolidated accounting period.」
The Company continued to apply the Accounting Standard for Revenue Recognition adopted from the beginning of the fiscal year ending March 2022 and disclosed the change to presentation including contract assets and its impact for the cumulative third-quarter period. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the cumulative second-quarter period decreased by ¥3.966 million, while operating loss, ordinary loss and quarterly net loss before income taxes increased by ¥2.214 million each. Retained earnings at the beginning of the fiscal year also increased by ¥13.687 million.」
The Company continued to apply the Accounting Standard for Revenue Recognition adopted from the beginning of the fiscal year ending March 2022 and disclosed the impact of changing the revenue recognition method for LPG sales for the cumulative second-quarter period. - FY2022-Q1AchievedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first-quarter consolidated accounting period. 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. Accordingly, for LPG sales, the Company has changed its revenue recognition method from recognizing revenue based on the meter-reading date to estimating and recognizing revenue generated between the meter-reading date in the settlement month and the settlement date.」
The Accounting Standard for Revenue Recognition, which had been scheduled for application from the beginning of the fiscal year ending March 2022, was actually applied from the beginning of the first-quarter consolidated accounting period. The revenue recognition method for LPG sales was also changed from the meter-reading date basis, reducing sales and other revenue by ¥4 million and increasing retained earnings at the beginning of the fiscal year by ¥13 million. - FY2021RestatedAnnual report
「The scheduled application date for the “Accounting Standard for Revenue Recognition” and related standards is the beginning of the fiscal year ending March 2022.」
The company planned to adopt the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022, with the impact still under assessment. - FY2020RestatedAnnual report
「The scheduled application date for the “Accounting Standard for Revenue Recognition” and related standards is the beginning of the fiscal year ending March 2022.」
The Company continues to plan to apply the accounting standard and other guidance on revenue recognition from the beginning of the fiscal year ending March 2022 and is assessing the impact. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending March 2022.」
The Company plans to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2034, and is currently assessing the amount of the impact.