Adoption of the Accounting Standard for Revenue Recognition
First written in FY2021. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
62 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” and other standards have been applied from the beginning of the current fiscal year.」
The application of the revenue recognition accounting standard from the beginning of the fiscal year was confirmed in the full-year financial statements. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the 'Accounting Standard for Revenue Recognition' (ASBJ Statement No. 29, 31 March 2020) and related standards. We now recognize revenue 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 revenue recognition accounting standard was applied from the beginning of the fiscal year on 1 April 2021, changing the revenue recognition method for transactions in which the fish receiving business acts as an agent, among others. The company disclosed that revenue for the first quarter of the previous fiscal year decreased by ¥11,850 million compared with before the retrospective application. - FY2021First statedAnnual report
「The revenue-recognition accounting standard and related standards are scheduled to be adopted from the beginning of the fiscal year ending March 2022.」
The company disclosed that it would apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022, and stated that the impact on revenue was still being evaluated.