Adoption of the Revenue Recognition Accounting Standard for the Fiscal Year Ending December 2022
First written in FY2020. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
- FY2022Update on full-year impact of applicationAnnual report
「As a result, revenue for the current consolidated fiscal year increased by ¥603.294 million, cost of sales increased by ¥403.642 million and selling, general and administrative expenses increased by ¥2.515 million, while operating income, ordinary income and income before taxes and other adjustments increased by ¥197.136 million. In addition, the opening balance of retained earnings for the current fiscal year increased by ¥2,099.659 million.」
Updated the impact on full-year profit and loss and retained earnings of the accounting standards for revenue recognition and other standards applied from the fiscal year ending December 2022. - FY2022-Q3Update on the cumulative third-quarter impact of applicationAnnual report
「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year decreased by ¥2,218.607 million, cost of sales decreased by ¥1,751.435 million and selling, general and administrative expenses decreased by ¥5.886 million, while operating income, ordinary income and income before taxes and other adjustments decreased by ¥461.285 million. In addition, the opening balance of retained earnings for the current fiscal year increased by ¥2,099.659 million.」
Updated the specific impact on cumulative third-quarter profit and loss and retained earnings of the accounting standards for revenue recognition and other standards applied from the first quarter. - FY2022-Q2Update on the impact of applying the accounting standard for revenue recognitionAnnual report
「As a result, revenue for the cumulative second quarter of the current consolidated fiscal year decreased by ¥4,820.346 million, cost of sales decreased by ¥3,617.719 million and selling, general and administrative expenses decreased by ¥15.153 million, while operating income, ordinary income and income before taxes and other adjustments decreased by ¥1,187.474 million. In addition, the opening balance of retained earnings for the current fiscal year increased by ¥2,099.659 million.」
具体的に開示した the impact on cumulative second-quarter profit and loss and retained earnings of the accounting standards for revenue recognition and other standards applied from the first quarter. - FY2022-Q1AchievedAnnual report
「The Company applied the revenue recognition standard and related standards from the beginning of the first quarter, recognizing revenue when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services.」
The accounting standards for revenue recognition and other standards, which were scheduled to be applied from the fiscal year ending December 2022, were applied from the beginning of the first quarter accounting period. Revenue recognition was changed to a method based on progress measured using the input method or the cost recovery method, and the opening balance of retained earnings increased by ¥2,099 million. - FY2020First statedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending December 2022.」
For the first time, stated plans to apply the accounting standards for revenue recognition and other standards from the beginning of the fiscal year ending December 2022. The amount of the impact was under assessment.