Planned application of the new accounting standard for revenue recognition in the fiscal year ending October 2022
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2022.
123 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and other standards were applied from the beginning of the current consolidated 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.」
The company confirmed that the new revenue recognition accounting standard was applied throughout the year from the beginning of the fiscal year. It stated that there was no impact on the opening balance of retained earnings, profit or loss for the period, or per-share information. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and other standards were applied from the beginning of the first quarter of the consolidated 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.」
The company continues to apply the new revenue recognition accounting standard from the first quarter. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and other standards were applied from the beginning of the first quarter of the consolidated 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.」
The company continues to apply the new revenue recognition accounting standard from the first quarter. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and other standards were applied from the beginning of the first quarter of the current consolidated 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. ... The application of the revenue recognition accounting standard and other standards had no impact on profit or loss for the first quarter of the current consolidated fiscal year.」
The plan to apply the new revenue recognition accounting standard from the beginning of the fiscal year ending October 2022, as previously scheduled, moved into the implementation stage in the first quarter. The company stated that there would be no impact on profit or loss. - FY2019RestatedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending October 2022.」
The new revenue recognition standard is scheduled to be applied from the beginning of the fiscal year ending October 2022, and the impact is under evaluation. - FY2018First statedAnnual report
「This is a comprehensive accounting standard for revenue recognition. Revenue is recognized by applying the following 5 steps: / Step 1: Identify the contract with a customer. / Step 2: Identify the performance obligations in the contract. / Step 3: Determine the transaction price. / Step 4: Allocate the transaction price to the performance obligations in the contract. / Step 5: Recognize revenue when, or as, the performance obligation is satisfied. / The standard is scheduled to be applied from the beginning of the fiscal year ending October 2022.」
The company newly disclosed the new revenue recognition standard and its 5-step recognition method, along with plans to apply it from the beginning of the fiscal year ending October 2022 and the fact that it is evaluating the impact.