Application of the Revenue Recognition Standard from the Fiscal Year Beginning March 2022
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2023-Q1.
124 other companies' latest entry also says "Restated".
- FY2023-Q1RestatedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Implementation Guidance”) was applied from the beginning of the first quarter consolidated accounting period. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Implementation Guidance, the new accounting policies prescribed by the guidance were applied prospectively. There was no impact on the quarterly consolidated financial statements.」
The company applied a new accounting policy based on the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the first quarter and reconfirmed that it had no impact on the financial statements. - FY2022-Q2RestatedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter. 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. As a result, sales decreased by ¥3,493 million, cost of sales decreased by ¥3,480 million, and operating income, ordinary income and profit before income taxes decreased by ¥0 million each during the six months ended the second quarter.」
The company continues to apply the revenue recognition accounting standard. For the six months ended the second quarter, sales decreased by ¥3,493 million, while operating income, ordinary income and profit before income taxes were unaffected. - FY2022-Q1AchievedAnnual report
「The company applied 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 current fiscal year. 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. As a result, sales decreased by ¥1,735 million, cost of sales decreased by ¥1,728 million, and operating income, ordinary income and profit before income taxes decreased by ¥0 million each during the first quarter.」
The company applied the revenue recognition accounting standard, which had been scheduled for adoption from the beginning of the fiscal year ending March 2022, from the beginning of the first quarter. Changes to net presentation for goods supplied for consideration and liquor tax reduced sales by ¥1,735 million, but had no impact on profit. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company reconfirmed its plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and continues to assess the impact. - FY2019RestatedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
Reconfirms the planned application of the accounting standard and related guidance on revenue recognition from the beginning of the fiscal year ending March 2022. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022, and is currently assessing the impact on the consolidated financial statements.