Preparing to Adopt the Accounting Standard for Revenue Recognition
First written in FY2018. 3 of 8 entries say "Restated". Latest entry: FY2022.
13 other companies' latest entry also says "Other".
- FY2022Full-year impact of applying the accounting standard determinedAnnual report
「As a result, for the fiscal year under review, sales declined by ¥722 million, cost of sales declined by ¥657 million, and selling, general and administrative expenses declined by ¥64 million, but there was no impact on operating profit, ordinary profit, or profit before income taxes.」
Regarding application of the revenue recognition standard, the report finalized the impact on full-year sales, cost of sales, and selling, general and administrative expenses, and stated that there was no impact on profit. - FY2022-Q3Cumulative impact quantifiedAnnual report
「As a result, during the cumulative nine-month period of the fiscal year under review, sales declined by ¥494 million, cost of sales declined by ¥450 million, and selling, general and administrative expenses declined by ¥44 million, but there was no impact on operating profit, ordinary profit, or profit before income taxes.」
The report quantified the impact of applying the revenue recognition standard on amounts presented and recorded for the cumulative nine-month period. Although sales and other items declined, there was no impact on operating profit, ordinary profit, or profit before income taxes. - FY2022-Q2AchievedAnnual report
「As a result, during the cumulative six-month period of the fiscal year under review, sales declined by ¥295 million, cost of sales declined by ¥266 million, and selling, general and administrative expenses declined by ¥28 million, but there was no impact on operating profit, ordinary profit, or profit before income taxes.」
The report quantified the impact of applying the revenue recognition standard on amounts presented and recorded for the cumulative six-month period of the fiscal year under review. Although sales and other items declined, there was no impact on operating profit, ordinary profit, or profit before income taxes. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the first quarter of the fiscal year under review,」
The revenue recognition standards that had previously been scheduled for application were actually applied from 1 April 2021. Although sales declined by ¥121 million, there was no impact on operating profit, ordinary profit, or profit before income taxes. - FY2021RestatedAnnual report
「Scheduled application date for the Accounting Standard for Revenue Recognition and related standards: application will begin from the start of the fiscal year ending March 2022. The impact of applying these accounting standards on the consolidated financial statements is currently being assessed.」
The report continued to state that the revenue recognition standard was scheduled to be applied from the beginning of the fiscal year ending March 2022 and that its impact was being assessed. - FY2020RestatedAnnual report
「Scheduled application date for the Accounting Standard for Revenue Recognition and related standards: application will begin from the start of the fiscal year ending March 2022. The impact of applying these accounting standards on the consolidated financial statements is currently being assessed.」
The report continued to state that the revenue recognition standard was scheduled to be applied from the beginning of the fiscal year ending March 2022 and that its impact was being assessed. - FY2019RestatedAnnual report
「Scheduled application date for the Accounting Standard for Revenue Recognition and related standards: application will begin from the start of the fiscal year ending March 2022. The impact of applying these accounting standards on the consolidated financial statements is currently being assessed.」
The report continued to state that the revenue recognition standard was scheduled to be applied from the beginning of the fiscal year ending March 2022 and that its impact on the financial statements was being assessed. - FY2018First statedAnnual report
「Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018). It is scheduled to be applied from the beginning of the fiscal year ending March 2022. Revenue is recognized by applying the following 5 steps.」
The report stated that the new revenue recognition standard was scheduled to be applied from the beginning of the fiscal year ending March 2022 and described the 5-step recognition process, from identifying a contract through satisfying performance obligations.