Preparing to Adopt the Revenue Recognition Standard
First written in FY2018. 4 of 7 entries say "Restated". Latest entry: FY2023.
64 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard, etc.”) has been applied, and」
The company continues to apply the Revenue Recognition Standard, etc. from the beginning of the 64th fiscal year. - FY2022RestatedAnnual report
「In addition, the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard, etc.”) has been applied from the current fiscal year, and」
The company continues to disclose that the Revenue Recognition Standard, etc. has been applied from the current fiscal year. - FY2022-Q3AdvancedAnnual report
「As a result, revenue decreased by ¥1,466,657 thousand, cost of sales decreased by ¥1,229,560 thousand and operating income decreased by ¥52,036 thousand for the cumulative third-quarter period under review, respectively, but there was no impact on ordinary income or profit before income taxes for the quarterly period.」
Regarding the adoption of the revenue recognition standard and related standards, the filing discloses the specific impact on revenue, cost of sales and operating income for the cumulative third-quarter period, and that there was no impact on ordinary income or profit before income taxes for the quarterly period. - FY2022-Q2RestatedAnnual report
「As a result, revenue decreased by ¥1,068,092 thousand, cost of sales decreased by ¥898,140 thousand and operating income decreased by ¥37,204 thousand for the cumulative second-quarter period under review, respectively, but there was no impact on ordinary income or profit before income taxes for the quarterly period.」
The filing specifically discloses the impact on the cumulative second-quarter period of adopting the revenue recognition standard and related standards from the beginning of the first-quarter accounting period. - FY2022-Q1AchievedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter the “Revenue Recognition Standard”) and related standards from the beginning of the current first-quarter accounting period. 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 is transferred to the customer.」
The Accounting Standard for Revenue Recognition and related standards, which had been scheduled for adoption in FY2018 and FY2020, were adopted from the beginning of the first-quarter accounting period under review. The methods for recognizing revenue from transactions as an agent, construction contracts and variable consideration were also changed. - FY2020RestatedAnnual report
「The standards will be adopted from the beginning of the fiscal year ending November 2022.」
The Accounting Standard for Revenue Recognition and related standards are scheduled to be adopted from the beginning of the fiscal year ending November 2022, and the impact is still being assessed as of the current date. - FY2018First statedAnnual report
「Scheduled adoption date for the Accounting Standard for Revenue Recognition, etc. The standards will be adopted from the beginning of the fiscal year ending November 2022.」
The filing states that the Accounting Standard for Revenue Recognition and its implementation guidance are scheduled to be adopted from the beginning of the fiscal year ending November 2022. The impact on the consolidated financial statements is still being assessed.