Preparation for Applying the Revenue Recognition Accounting Standard
First written in FY2018. 3 of 8 entries say "Restated". Latest entry: FY2022.
- FY2022Full-year increase in the amount of the impact of adoptionAnnual report
「As a result, net sales and selling, general and administrative expenses for the consolidated fiscal year each decreased by ¥26,477 thousand, but there was no impact on operating loss, ordinary loss or profit before income taxes.」
The impact of applying the revenue recognition accounting standard resulted in a ¥26,477 thousand decrease in net sales and selling, general and administrative expenses on a full-year basis, compared with the quarterly cumulative disclosures. There was no impact on profit or loss. - FY2022-Q3Cumulative impact of adoption increasedAnnual report
「As a result, net sales and selling, general and administrative expenses for the cumulative third quarter of the current consolidated fiscal year each decreased by ¥18,294 thousand, but there was no impact on operating loss, ordinary profit or profit before income taxes.」
The decrease in net sales and selling, general and administrative expenses resulting from the application of the revenue recognition accounting standard increased from ¥12,749 thousand for the cumulative second quarter to ¥18,294 thousand, but there was no impact on profit or loss. - FY2022-Q2Cumulative impact of adoption increasedAnnual report
「As a result, net sales and selling, general and administrative expenses for the cumulative second quarter of the current consolidated fiscal year each decreased by ¥12,749 thousand, but there was no impact on operating loss, ordinary loss or loss before income taxes.」
The decrease in net sales and selling, general and administrative expenses resulting from the application of the revenue recognition accounting standard increased from ¥8,539 thousand for the cumulative first quarter to ¥12,749 thousand for the cumulative second quarter. There continued to be no impact on profit or loss. - FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized when control of a promised good or service is transferred to the customer, at the amount expected to be received in exchange for the good or service. Accordingly, with respect to the use of coupons in sales to customers, the company changed from recognizing the gross amount as revenue and recording the discount amount as selling, general and administrative expenses to recognizing revenue on a net basis.」
The company applied the revenue recognition accounting standard, which had been scheduled for adoption from the beginning of the fiscal year ending March 2022, and changed to net recognition for coupon usage. Net sales and selling, general and administrative expenses each decreased by ¥8,539 thousand, with no impact on operating loss, ordinary profit or other profit and loss items. - FY2021RestatedAnnual report
「The Accounting Standard for Revenue Recognition will be applied from the beginning of the fiscal year ending March 2022. The amount of the impact was still under assessment when these consolidated financial statements were prepared.」
The company continued to disclose plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022, with the amount of the impact still under assessment. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition is scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact was still under assessment when these consolidated financial statements were prepared.」
The company continued to disclose plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022, with the amount of the impact still under assessment. - FY2019RestatedAnnual report
「The Accounting Standard for Revenue Recognition is scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact was still under assessment when these consolidated financial statements were prepared.」
The company continued to disclose plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022, with the amount of the impact still under assessment. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition will be applied from the beginning of the fiscal year ending March 2022. The amount of the impact of applying these accounting standards and related guidance was still under assessment when these consolidated financial statements were prepared.」
The company first disclosed plans to apply the new revenue recognition accounting standard from the beginning of the fiscal year ending March 2022, with the amount of the impact still under assessment.