Planned Application of the Accounting Standard for Revenue Recognition in the Fiscal Year Ending February 2023
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2023.
7 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「As a result, net sales and cost of sales for the consolidated fiscal year each decreased by ¥339.587 million, while operating loss, ordinary loss and net income before taxes were unaffected. There was also no impact on the opening balance of retained earnings for the current fiscal year.」
The company disclosed the full-year impact following adoption of the revenue recognition accounting standard and related guidance, stating that net sales and cost of sales decreased by ¥339.587 million but that there was no impact on profit or opening retained earnings. - FY2023-Q3RestatedAnnual report
「As a result, net sales and cost of sales for the nine months ended the third quarter each decreased by ¥237.686 million, while operating income, ordinary income and quarterly net income before taxes were unaffected. There was also no impact on the opening balance of retained earnings for the current fiscal year.」
The company continues to disclose the application of the revenue recognition accounting standard and related guidance, stating that net sales and cost of sales decreased by ¥237.686 million but that there was no impact on the respective profit figures or opening retained earnings. - FY2023-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. As a result, net sales and cost of sales for the six months ended the second quarter each decreased by ¥140.786 million, while operating income, ordinary income and quarterly net income before taxes were unaffected.」
The company continues to disclose the application of the revenue recognition accounting standard and related guidance, which had been scheduled for adoption from the beginning of the fiscal year ending February 2023. Net sales and cost of sales decreased by ¥140.786 million, but there was no impact on the respective profit figures or quarterly net income before taxes. - FY2023-Q1AchievedAnnual report
「We have applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards from the beginning of the current first-quarter consolidated accounting period.」
The accounting standard on revenue recognition and related guidance, which had been scheduled for adoption from the beginning of the fiscal year ending February 2023, were applied from the beginning of the first quarter of the current consolidated fiscal year. As a result, net sales and cost of sales each decreased by ¥71.592 million, while there was no impact on operating income, ordinary income or quarterly net income before taxes, or on the opening balance of retained earnings. - FY2021RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and the Implementation Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 31 March 2020) are scheduled to be applied from the beginning of the fiscal year ending February 2023.」
The company reconfirmed its plan to apply the accounting standard on revenue recognition and related guidance from the beginning of the fiscal year ending February 2023. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 30 March 2018) and the Implementation Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018) are scheduled to be applied from the beginning of the fiscal year ending February 2023.」
The company first stated that it plans to apply the new accounting standard and implementation guidance on revenue recognition from the beginning of the fiscal year ending February 2023. The impact of adoption is under evaluation.