Adopting the Revenue Recognition Accounting Standard in the Fiscal Year Ending March 2022
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other standards were applied from the beginning of the consolidated fiscal year under review. 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 Company continues to apply the Accounting Standard for Revenue Recognition in its full-year financial statements. - FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other standards were applied from the beginning of the consolidated fiscal year under review. 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 Company continued applying the Accounting Standard for Revenue Recognition in its full-year financial statements and disclosed its effects on revenue and other items and the decrease in the opening balance of retained earnings. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the cumulative third-quarter consolidated period under review decreased by ¥5,947 million, cost of sales decreased by ¥249 million, selling, general and administrative expenses decreased by ¥5,753 million, and operating income, ordinary income, and profit before income taxes increased by ¥55 million each.」
The Company continued applying the Accounting Standard for Revenue Recognition and other standards and disclosed their effects on revenue, expenses, and retained earnings for the cumulative third quarter. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we have applied the Accounting Standard for Revenue Recognition and related standards, and recognize revenue at the amount expected to be received in exchange for goods or services when control of the promised goods or services transfers to the customer.」
The Accounting Standard for Revenue Recognition was applied from 1 April 2021. Revenue decreased by ¥1,873 million, operating income and other items increased by ¥23 million, and the opening balance of retained earnings decreased by ¥224 million. - FY2021First statedAnnual report
「The application of the Accounting Standard for Revenue Recognition and other standards is expected to result in the cumulative effect being reflected in net assets at the beginning of the following consolidated fiscal year, with the opening balance of retained earnings expected to decrease by ¥224 million.」
The Company first disclosed that it planned to apply the Accounting Standard for Revenue Recognition and other standards from the beginning of the fiscal year ending March 2022, with the opening balance of retained earnings expected to decrease by ¥224 million.