Preparation for the Adoption of the Revenue Recognition Standard
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2023.
62 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The company has applied the group-wide income and local tax consolidation system since the current consolidated fiscal year.」
The company confirmed the adoption, as its accounting policy for the full fiscal year, of the group-wide income and local tax consolidation system following the transition from the consolidated taxation system disclosed as planned in the previous fiscal year. - FY2022RestatedAnnual report
「As a result, compared with applying the previous accounting standards, net sales and cost of sales for the current consolidated fiscal year decreased by ¥611 million each, while the impact on operating income was minor.」
The company continued to apply the accounting standards for revenue recognition and related standards, disclosing that net sales and cost of sales each decreased by ¥611 million for the full fiscal year, with a minor impact on operating income. - FY2022-Q3RestatedAnnual report
「As a result, compared with applying the previous accounting standards, net sales and cost of sales for the cumulative third quarter of the current consolidated fiscal year decreased by ¥445 million each, while the impact on operating loss was minor.」
The company disclosed that, under the revenue recognition accounting standards applied from the first quarter, net sales and cost of sales each decreased by ¥445 million for the cumulative third quarter, with a minor impact on operating loss. - FY2022-Q1AchievedAnnual report
「We began applying the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2020, hereinafter the "Revenue Recognition Standard") and related standards from the beginning of the first-quarter consolidated accounting period. 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 company applied the accounting standards for revenue recognition and related standards, which it had been preparing to adopt in the previous fiscal year, from the beginning of the first quarter of the current consolidated fiscal year. - FY2021First statedAnnual report
「(2) Scheduled date of application The standard will be applied from the beginning of the fiscal year ending March 2022. (3) Impact of application The impact of applying the revenue-recognition accounting standard and related standards on the consolidated financial statements is currently under assessment.」
The company states that it plans to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022 and is currently assessing the impact on its financial statements.