Future Application of the Accounting Standard for Revenue Recognition
First written in FY2018. 5 of 10 entries say "Restated". Latest entry: FY2022.
- FY2022Full-year disclosure of the impact of adopting accounting standardsAnnual report
「As a result, revenue for the fiscal year increased by ¥11.003 million, selling, general and administrative expenses decreased by ¥41.974 million, operating profit increased by ¥52.977 million, and ordinary profit and profit before income taxes increased by ¥53.636 million, respectively. In addition, the beginning balance of retained earnings increased by ¥182.858 million.」
Disclosed the full-year impact on revenue, SG&A expenses, operating profit, ordinary profit and other items resulting from applying the revenue recognition accounting standard for the full year. - FY2022-Q3Disclosed the impact of applying the accounting standard for the nine-month periodAnnual report
「As a result, revenue for the nine-month period ended Q3 decreased by ¥4.856 million, selling, general and administrative expenses decreased by ¥31.442 million, operating profit increased by ¥26.585 million, and ordinary profit and profit before income taxes increased by ¥27.038 million, respectively. In addition, the beginning balance of retained earnings increased by ¥182.858 million.」
The company has updated its disclosure of the specific impact of the revenue recognition accounting standard, applied from Q1, on revenue, SG&A expenses, operating profit, ordinary profit and other items for the nine-month period. - FY2022-Q2Disclosure of the impact of adopting accounting standardsAnnual report
「As a result, revenue for the six-month period ended Q2 decreased by ¥116.271 million, selling, general and administrative expenses decreased by ¥21.170 million, operating profit decreased by ¥95.100 million, and ordinary profit and profit before income taxes decreased by ¥94.768 million, respectively. In addition, the beginning balance of retained earnings increased by ¥182.858 million.」
The company discloses the specific impact of the revenue recognition accounting standard, applied from Q1, on revenue, operating profit and other items for the six-month period. - FY2022-Q1AchievedAnnual report
「We adopted 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 and began recognizing 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 Company adopted the revenue recognition accounting standard, as previously scheduled, from 1 April 2021. Changes included moving from recognition based on meter-reading dates to estimated recognition for the period for which meter readings had not been taken. Net sales decreased by ¥70,367 thousand, operating profit decreased by ¥60,938 thousand, and retained earnings at the beginning of the fiscal year increased by ¥182,858 thousand. - FY2021-Q1RestatedAnnual report
「(Change in accounting policy) There are no applicable matters.」
There are no new changes to accounting policies, and the Company does not indicate any change to its policy of applying the accounting standard for revenue recognition prospectively. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on the Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company continues to state that the revenue recognition standard is scheduled to be adopted from the beginning of the fiscal year ending March 2022 and that the impact of adoption is being assessed. - FY2020-Q3RestatedAnnual report
「(Accounting policy changes, etc.) There are no applicable matters.」
In the third quarter of the current fiscal year, the Company stated that there were no new changes to accounting policies and did not indicate any change to its policy of applying the accounting standard for revenue recognition prospectively. - FY2020-Q2RestatedAnnual report
「(Accounting policy changes, etc.) There are no applicable matters.」
In the second quarter of the current fiscal year, the Company stated that there were no new changes to accounting policies and did not indicate any change to its policy of applying the accounting standard for revenue recognition prospectively. - FY2020-Q1RestatedAnnual report
「(Change in accounting policy) There are no applicable matters.」
The Company states that there are no new changes to accounting policies and does not indicate any change to its policy of applying the revenue recognition standard prospectively. - FY2018First statedAnnual report
「“Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 30 March 2018) (2) Scheduled date of adoption The standard is scheduled to be adopted from the beginning of the fiscal year ending March 2022. (3) Impact of adopting the accounting standard and related standards The impact is being assessed as of the date of preparation of the consolidated financial statements.」
The Company has for the first time stated that the new accounting standard for revenue recognition is scheduled to be adopted from the beginning of the fiscal year ending March 2022 and that its impact is being assessed.