Preparing to Apply the Revenue Recognition Standard from the Fiscal Year Ending March 2022
First written in FY2018. 1 of 6 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
- FY2022Final disclosure of the full-year impact of adoptionAnnual report
「As a result, in the consolidated income statement for the current consolidated fiscal year, revenue increased by ¥2,287 million, cost of sales increased by ¥2,443 million, operating profit decreased by ¥156 million, and non-operating expenses decreased by ¥284 million, while ordinary profit and profit before income taxes each increased by ¥128 million.」
The company disclosed the full-year impact of adopting the revenue recognition accounting standard from the beginning of the current consolidated fiscal year on revenue, cost of sales, operating profit, non-operating expenses, ordinary profit and other items. - FY2022-Q3Update to cumulative impact figuresAnnual report
「As a result, for the nine months ended the third quarter of the current fiscal year, revenue increased by ¥2,014 million, cost of sales increased by ¥2,112 million, operating profit decreased by ¥98 million, and non-operating expenses decreased by ¥211 million, while ordinary profit and profit before income taxes each increased by ¥113 million.」
The company updated its disclosure of the impact of the revenue recognition accounting standard adopted from the first quarter on revenue, cost of sales, operating profit, non-operating expenses, ordinary profit and other items for the nine months ended the third quarter. - FY2022-Q2Disclosure of the actual impact of adoptionAnnual report
「As a result, for the six months ended the second quarter of the current fiscal year, revenue increased by ¥551 million, cost of sales increased by ¥654 million, operating profit decreased by ¥103 million, and non-operating expenses decreased by ¥138 million, while ordinary profit and profit before income taxes each increased by ¥35 million.」
The company disclosed the impact by item for the six-month period of the second quarter of the revenue recognition accounting standard adopted from the beginning of the first quarter. - FY2022-Q1AchievedAnnual report
「We have applied the Accounting Standard for Revenue Recognition and other relevant standards from the beginning of the first quarter of the current fiscal year. Key management indicators for the six months ended 30 June reflect application of these standards.」
The company adopted the revenue recognition accounting standard, which had been scheduled for adoption from the fiscal year ending March 2022, from the beginning of the first quarter of the current fiscal year. It explained that revenue decreased by ¥93 million, cost of sales by ¥25 million, operating profit by ¥67 million and non-operating expenses by ¥67 million, while there was no impact on ordinary profit or profit before income taxes. - FY2021Update to the assessment of the impact of adoptionAnnual report
「(2) Scheduled date of adoption The standards are scheduled to be adopted from the beginning of the fiscal year ending March 2022. (3) Impact of adopting the accounting standards and related requirements The impact is immaterial at the time of preparation of these consolidated financial statements.」
The company maintained its plan to adopt the revenue recognition accounting standard in the fiscal year ending March 2022 and assessed the impact of adoption as immaterial. - FY2018First statedAnnual report
「(2) Scheduled date of adoption The standards are scheduled to be adopted from the beginning of the fiscal year ending March 2022. (3) Impact of adopting the accounting standards and related requirements The amount of the impact is being assessed at the time of preparation of these consolidated financial statements.」
The company first stated that it planned to adopt the accounting standards for revenue recognition from the beginning of the fiscal year ending March 2022, and that the impact was still being assessed.