Preparing for adoption of the revenue recognition accounting standard in the fiscal year ending March 2022
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2022-Q3.
4 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The Revenue Recognition Standard (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards have been applied 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. Accordingly, for transactions involving the paid supply of materials for which the Company has a repurchase obligation, inventories continue to be recognized as a financing transaction, while a financial liability is recognized for the ending inventories of supplied materials remaining at the recipient of the paid supply.」
The application of the Revenue Recognition Standard continues, and the accounting treatment of recognizing inventories and financial liabilities for transactions involving the paid supply of materials has been disclosed. - FY2022-Q2RestatedAnnual report
「The Company adopted 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 transfers to the customer.」
The application of the Revenue Recognition Standard from the beginning of the fiscal year ending March 2022 continues, with merchandise and products and other current liabilities at the end of the second quarter of the current fiscal year each ¥499 million higher than under the previous treatment. - FY2022-Q1AchievedAnnual report
「The Revenue Recognition Standard (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards have been applied 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, compared with the previous accounting treatment, merchandise and products and other current liabilities at the end of the first quarter of the current fiscal year increased by ¥419 million each.」
The Revenue Recognition Standard was applied from the beginning of the fiscal year ending March 2022. While there was no impact on the opening balance of retained earnings, quarterly profit or loss, or per-share information, merchandise and products and other current liabilities each increased by ¥419 million. - FY2021RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact of the application on the consolidated financial statements is expected to be immaterial.」
The Company maintains its plan to apply the Revenue Recognition Standard from the beginning of the fiscal year ending March 2022 and expects the impact to be immaterial. - FY2020RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The planned application of the Accounting Standard for Revenue Recognition and other standards from the beginning of the fiscal year ending March 2022 remains unchanged. - 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 amount of the impact is under assessment.