Adoption of the Revenue Recognition Standard for the Fiscal Year Ending May 2022
First written in FY2021. 4 of 6 entries say "Restated". Latest entry: FY2024-Q2.
- FY2024-Q2RestatedAnnual report
「Information disaggregating revenue arising from contracts with customers is presented in the notes to the financial statements under Segment Information and Other Notes.」
The company continues to disclose revenue after application of the Accounting Standard for Revenue Recognition as revenue arising from contracts with customers in the segment information and other disclosures. - FY2023RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards have been applied from the beginning of the 55th fiscal year. Accordingly, the key management indicators and other figures for the 55th fiscal year onward reflect application of these accounting standards and other applicable standards.」
The company continues to disclose figures calculated after applying the Accounting Standard for Revenue Recognition from the beginning of the 55th fiscal year. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the cumulative third quarter increased by ¥95.404 million, cost of sales increased by ¥79.050 million, and operating income, ordinary income and pretax quarterly income increased by ¥16.354 million each. The opening balance of retained earnings also increased by ¥9.807 million.」
The company continues to apply the Revenue Recognition Standard and has updated its disclosure of the amount of its impact on revenue, profit and other items for the cumulative third quarter. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the cumulative second quarter increased by ¥80.817 million, cost of sales increased by ¥67.593 million, and operating income, ordinary income and pretax quarterly income increased by ¥13.224 million each. The opening balance of retained earnings also increased by ¥9.807 million.」
The company continues to apply the Revenue Recognition Standard and has disclosed the amount of its impact on revenue, profit and other items for the cumulative second quarter. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the Revenue Recognition Standard) and related standards were applied from the beginning of the current first quarter of the consolidated fiscal year. Accordingly, 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. As a result, revenue for the cumulative first quarter increased by ¥50.311 million, cost of sales increased by ¥39.040 million, and operating income, ordinary income and pretax quarterly income increased by ¥11.271 million each. The opening balance of retained earnings also increased by ¥9.807 million.」
The Revenue Recognition Standard and related standards were applied from the beginning of the current first quarter of the consolidated fiscal year. The planned implementation as of FY2021 was carried out, resulting in increases of ¥50.311 million in revenue, ¥11.271 million in operating income and other income items, and ¥9.807 million in the opening balance of retained earnings. - FY2021First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards will be applied from the beginning of the fiscal year ending May 2022.」
The company planned to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending May 2022, with the amount of the impact still under assessment at that time.