Application of the Revenue Recognition Accounting Standard from the Fiscal Year Ending March 2022
First written in FY2019. 2 of 5 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「As a result, for the cumulative third quarter, net sales decreased by ¥15,101 million, cost of sales decreased by ¥14,774 million, operating profit decreased by ¥327 million, non-operating income decreased by ¥765 million, and non-operating expenses decreased by ¥1,045 million. Ordinary profit and profit before income taxes decreased by ¥46 million each. In addition, retained earnings at the beginning of the fiscal year increased by ¥25 million.」
The Company specifically discloses the impact through the cumulative third quarter on net sales, cost of sales, operating profit and other items of the Accounting Standard for Revenue Recognition applied from the first quarter. - FY2022-Q2RestatedAnnual report
「As a result, for the cumulative second quarter, net sales decreased by ¥9,188 million, cost of sales decreased by ¥9,041 million, operating profit decreased by ¥146 million, non-operating income decreased by ¥505 million, and non-operating expenses decreased by ¥690 million. Ordinary profit and profit before income taxes decreased by ¥38 million each. In addition, retained earnings at the beginning of the fiscal year increased by ¥25 million.」
The Company specifically discloses the impact through the cumulative second quarter on net sales, operating profit and other items of the Accounting Standard for Revenue Recognition applied from the beginning of the fiscal year ending March 2022. - FY2022-Q1AchievedAnnual report
「We have applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards from the beginning of the current first-quarter consolidated accounting period.」
The Accounting Standard for Revenue Recognition and other standards, which had been scheduled for application from the fiscal year ending March 2022, were applied from the beginning of the first quarter of the current fiscal year. The accounting treatment for transactions as an agent, combinations of multiple contracts, rebates, sales discounts and other items was changed, reducing net sales by ¥4,352 million and operating profit by ¥140 million. - FY2021AdvancedAnnual report
「The impact of applying the “Accounting Standard for Revenue Recognition” and other standards on the balance of retained earnings at the beginning of the fiscal year ending March 2022 is immaterial.」
The planned application of the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022 remains unchanged, and the Company expects the impact on retained earnings at the beginning of the fiscal year to be immaterial. - FY2019First statedAnnual report
「The “Accounting Standard for Revenue Recognition” and other standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Accounting Standard for Revenue Recognition and other standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact on the consolidated financial statements is under evaluation.