Future Adoption of Accounting Standards for Income Taxes and Revenue Recognition
First written in FY2018. 3 of 10 entries say "Restated". Latest entry: FY2022.
16 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the consolidated fiscal year. Revenue is now recognized 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.」
Applied from the beginning of the fiscal year the accounting standards for revenue recognition that had been scheduled for future application. Revenue increased by ¥45.543 million, operating profit by ¥60.921 million, and beginning retained earnings decreased by ¥82.819 million. - FY2022-Q3RestatedAnnual report
「As a result, compared with the previous accounting treatment, revenue for the nine months ended the third quarter of the current consolidated fiscal year increased by ¥25.557 million, cost of sales decreased by ¥12.758 million, operating profit increased by ¥38.316 million, and both ordinary profit and quarterly net income before income taxes and other adjustments increased by ¥18.290 million. In addition, the beginning balance of retained earnings decreased by ¥82.819 million.」
Continued to apply the accounting standards for revenue recognition and other standards and disclosed the impact for the nine months ended the third quarter, including a ¥25.557 million increase in revenue and a ¥38.316 million increase in operating profit. - FY2022-Q2RestatedAnnual report
「As a result, compared with the previous accounting treatment, revenue for the six months ended the second quarter of the current consolidated fiscal year increased by ¥20.854 million, cost of sales decreased by ¥12.758 million, operating profit increased by ¥33.613 million, and both ordinary profit and quarterly net income before income taxes and other adjustments increased by ¥20.539 million.」
Continued to apply the accounting standards for revenue recognition and other standards and disclosed the impact for the current cumulative quarter, including a ¥20.854 million increase in revenue and a ¥33.613 million increase in operating profit. - FY2022-Q1AdvancedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
Applied from the beginning of the current quarter the accounting standards for revenue recognition that had been scheduled for future application. The Company changed its methods for recognizing SushiCa points, overseas food-ingredient transactions in which it determines whether it is acting as principal or agent, and royalty income from performance obligations satisfied over the contract period. Revenue increased by ¥18.904 million and operating profit by ¥19.843 million. - FY2021-Q3Updated the impact of the tax rate changeAnnual report
「As a result of this tax rate change, deferred tax assets, net of deferred tax liabilities, increased by ¥103.225 million, and deferred income taxes and other adjustments decreased by the same amount for the nine months ended the third quarter of the current consolidated fiscal year.」
Updated the disclosure to state that the increase in deferred tax assets resulting from the change in the statutory effective tax rate due to the reduction in capital was ¥103.225 million for the nine months ended the third quarter. - FY2021-Q2Updated the impact of the tax rate changeAnnual report
「As a result of this tax rate change, deferred tax assets, net of deferred tax liabilities, increased by ¥123.893 million, and deferred income taxes and other adjustments decreased by the same amount for the six months ended the second quarter of the current consolidated fiscal year.」
Updated the disclosure to state that the increase in deferred tax assets resulting from the change in the statutory effective tax rate from 30.4% to 34.2% due to the reduction in capital was ¥123.893 million for the six months ended the second quarter. - FY2020ReframedAnnual report
「Accounting Standard for Disclosure of Accounting Estimates (ASBJ Statement No. 31, 31 March 2020, Accounting Standards Board of Japan).」
In addition to the previous standards for tax effect accounting and revenue recognition, newly disclosed the standard on disclosures of accounting estimates and indicated that it was scheduled to be applied from the end of the fiscal year ending March 2021. - FY2019-Q2RestatedAnnual report
「We applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and related standards from the beginning of the first quarter. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
Continued to disclose the application of partial revisions to the standards relating to tax effect accounting and other changes from the beginning of the first quarter of the consolidated fiscal year. - FY2019-Q1AdvancedAnnual report
「We have applied the Partial Amendments to Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, 16 February 2018) and related standards from the beginning of the first quarter of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
Applied partial revisions to the standards relating to tax effect accounting and other changes from the beginning of the first quarter of the current consolidated fiscal year. - FY2018First statedAnnual report
「The “Implementation Guidance on Accounting Standards for Tax Effect Accounting” and other standards will be applied from the beginning of the fiscal year ending March 2019. The “Accounting Standard for Revenue Recognition” and other standards will be applied from the beginning of the fiscal year ending March 2022.」
Stated that the implementation guidance for tax effect accounting would be applied from the fiscal year ending March 2019 and the accounting standards for revenue recognition and other standards from the fiscal year ending March 2022, with the amount of the impact still under assessment.