Planned 2023 Adoption of the Revenue Recognition Accounting Standard
First written in FY2019. 1 of 6 entries say "Restated". Latest entry: FY2023.
- FY2023Update to full-year adoption impactAnnual report
「As a result, compared with before application of the accounting standard and related guidance for revenue recognition, revenue and cost of sales in the consolidated income statement for the current consolidated fiscal year decreased by ¥678.821 million each, while there was no impact on operating profit, ordinary profit or profit before income taxes.」
The Company disclosed that, for the full-year impact after application of the accounting standard and related guidance for revenue recognition, revenue and cost of sales each decreased by ¥678.821 million, with no impact on operating profit or related items. - FY2023-Q3Updated Impact of ApplicationAnnual report
「As a result, during the cumulative third quarter of the current consolidated fiscal year, revenue decreased by ¥289.322 million, cost of sales decreased by ¥398.142 million, and operating profit, ordinary profit and profit before income taxes increased by ¥108.819 million each.」
The impact of the applied accounting standard and related guidance for revenue recognition on revenue, cost of sales and profit for the cumulative third quarter has been updated. - FY2023-Q2Updated Impact of ApplicationAnnual report
「As a result, during the cumulative second quarter of the current consolidated fiscal year, revenue decreased by ¥286.328 million, cost of sales decreased by ¥272.055 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥14.272 million each.」
The impact of the applied accounting standard and related guidance for revenue recognition on revenue and profit for the cumulative second quarter has been updated. - FY2023-Q1AchievedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; the “Revenue Recognition Standard”) and related standards from the beginning of the cumulative first-quarter period, and now recognize revenue at the amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer.」
The accounting standard and related guidance for revenue recognition, which had been scheduled for application from the beginning of the fiscal year ending January 2023, were actually applied from the beginning of the first quarter of the current consolidated fiscal year. As a result, revenue increased by ¥369.320 million, while operating profit, ordinary profit and profit before income taxes increased by ¥166.701 million each. - FY2021RestatedAnnual report
「“Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020) and related guidance are scheduled for application from the beginning of the fiscal year ending January 2023. The amount of the impact was under assessment at the time these consolidated financial statements were prepared.」
The accounting standard for revenue recognition was scheduled for application from the beginning of the fiscal year ending January 2023, with the amount of the impact continuing to be assessed. - FY2019First statedAnnual report
「“Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 30 March 2018) (2) Scheduled application date Scheduled for application from the beginning of the fiscal year ending January 2023. (3) Impact of applying the accounting standard and related guidance The amount of the impact was under assessment at the time these consolidated financial statements were prepared.」
The comprehensive accounting standard for revenue recognition was scheduled for application from the beginning of the fiscal year ending January 2023, with the amount of the impact under assessment.