Future application of the Accounting Standard for Revenue Recognition
First written in FY2018. 2 of 6 entries say "Restated". Latest entry: FY2022.
- FY2022Annual presentation impact finalizedAnnual report
「As a result, net sales and cost of sales for the current consolidated fiscal year each decreased by ¥2,428 million, but there was no impact on operating profit, ordinary profit or profit before income taxes.」
The Company disclosed that application of the revenue recognition accounting standard reduced full-year net sales and cost of sales by ¥2,428 million each, but had no impact on profit. - FY2022-Q3Greater presentation impact from application of the revenue recognition standardAnnual report
「As a result, net sales and cost of sales for the nine months ended the current third quarter each decreased by ¥1,690 million, but there was no impact on operating profit, ordinary profit or profit before income taxes.」
For the revenue recognition accounting standard applied from FY2022-Q1, the Company disclosed that the impact on net sales and cost of sales for the nine months ended the third quarter was ¥1,690 million each. There continued to be no impact on profit. - FY2022-Q2RestatedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter of the current fiscal year and began recognizing revenue at the point when control of the promised goods or services was transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, net sales and cost of sales for the six months ended the current second quarter each decreased by ¥1,152 million, but there was no impact on operating profit, ordinary profit or profit before income taxes.」
For the revenue recognition accounting standard applied from FY2022-Q1, the Company quantified the presentation impact for the six months ended the current second quarter. Net sales and cost of sales each decreased by ¥1,152 million, but there was no impact on profit. - 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 fiscal year under review. Revenue is recognized 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 applied the revenue recognition accounting standard, which had been scheduled for application from the beginning of the fiscal year ending March 2022, from the beginning of the first quarter of the current fiscal year. As a result, net sales and cost of sales each decreased by ¥545 million, but there was no impact on profit. - FY2019RestatedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The Company continued to plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022. - FY2018First statedAnnual report
「We will apply it from the beginning of the fiscal year ending March 2022.」
The Company stated that it planned to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2022, and that the impact on the consolidated financial statements was still being assessed.