Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2021. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
- FY2022Finalized the impact of applying the accounting standards for the fiscal yearAnnual report
「As a result, operating revenue for the fiscal year decreased by ¥14 million, operating costs decreased by ¥29 million, and operating profit, ordinary profit and profit before income taxes increased by ¥14 million each. The opening balance of retained earnings in the consolidated statements of changes in shareholders’ equity and other items decreased by ¥804 million because the cumulative impact was reflected in net assets at the beginning of the fiscal year.」
The company finalized and disclosed the full-year impact of applying the accounting standards for revenue recognition and related standards: operating revenue decreased by ¥14 million, operating profit and other items increased by ¥14 million, and retained earnings at the beginning of the fiscal year decreased by ¥804 million. - FY2022-Q3Updated cumulative third-quarter impact of adoptionAnnual report
「As a result, operating revenue for the nine months ended December 2021 increased by ¥81 million, operating costs decreased by ¥25 million, and operating profit, ordinary profit and profit before income taxes increased by ¥107 million each. The opening balance of retained earnings also decreased by ¥804 million.」
The company disclosed that application of the accounting standards for revenue recognition and related standards increased operating revenue by ¥81 million and operating profit and other items by ¥107 million for the cumulative third quarter, while reducing retained earnings at the beginning of the fiscal year by ¥804 million. - FY2022-Q2Updating the cumulative impact of applying the accounting standardsAnnual report
「As a result, operating revenue for the six months ended September 2021 increased by ¥425 million, operating costs decreased by ¥17 million, and operating profit, ordinary profit and profit before income taxes increased by ¥443 million each. The opening balance of retained earnings also decreased by ¥804 million.」
The company disclosed that application of the accounting standards for revenue recognition and related standards increased operating revenue by ¥425 million and operating profit and other items by ¥443 million for the cumulative second quarter, while reducing retained earnings at the beginning of the fiscal year by ¥804 million. - 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 of the current fiscal year,」
The accounting standards for revenue recognition and related standards, which had been scheduled for application in the previous fiscal year, were applied from the first quarter of the fiscal year ending March 2022, beginning at the start of that fiscal year. As a result, operating revenue increased by ¥201 million, operating profit and other items increased by ¥210 million, and retained earnings at the beginning of the fiscal year decreased by ¥804 million. - FY2021First statedAnnual report
「The standards on revenue recognition and related guidance will be applied from the beginning of the fiscal year ending March 2022.」
The company planned to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022, and was evaluating their impact on the consolidated financial statements.