Application of the New Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2018. 3 of 7 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
- FY2022AchievedAnnual report
「As a result, revenue for the fiscal year decreased by ¥90,724 thousand. Gross profit and operating profit each increased by ¥16,200 thousand, while ordinary profit and profit before income taxes increased by ¥18,417 thousand each.」
The company applied the new revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and disclosed the actual full-year impact on revenue and profit. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the first nine months of the fiscal year decreased by ¥46,176 thousand. Gross profit and operating profit each increased by ¥11,430 thousand, while ordinary profit and profit before income taxes increased by ¥12,999 thousand each. The opening balance of retained earnings decreased by ¥22,612 thousand.」
The company additionally disclosed the impact of the already adopted revenue recognition accounting standard on revenue, profit and opening retained earnings for the first nine months of the fiscal year. - FY2022-Q2AchievedAnnual report
「As a result, revenue for the first six months of the fiscal year increased by ¥11,850 thousand. Gross profit and operating profit each increased by ¥15,975 thousand, while ordinary profit and profit before income taxes increased by ¥16,992 thousand each. The opening balance of retained earnings decreased by ¥22,612 thousand.」
The company additionally disclosed the impact for the six-month period of applying the new revenue recognition accounting standard from the beginning of the first quarter. - FY2022-Q1AchievedAnnual report
「As a result, revenue for the first three months of the fiscal year increased by ¥41,132 thousand. Gross profit and operating profit each increased by ¥8,479 thousand, while ordinary profit and profit before income taxes increased by ¥8,920 thousand each. The opening balance of retained earnings decreased by ¥22,612 thousand.」
The company applied the new revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and disclosed the actual impact on revenue, profit and opening retained earnings. - FY2021Assessing the impact of adoptionAnnual report
「The group's revenue recognition policies include the shipment-basis and acceptance-basis methods. Although application of the accounting standards and related requirements may affect these policies, the amount of the impact was still under evaluation when the consolidated financial statements were prepared.」
The company reaffirmed its plan to apply the new revenue recognition standard from the fiscal year ending March 2022 and stated that it was evaluating the impact on the shipment-basis and acceptance-basis methods. - FY2020RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company reaffirmed its plan to apply the new revenue recognition standard from the beginning of the fiscal year ending March 2022. - FY2018First statedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company planned to apply the revenue recognition accounting standards from the beginning of the fiscal year ending March 2022.