Application of the Accounting Standard for Revenue Recognition for the Fiscal Year Ending March 2022
First written in FY2021. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
81 other companies' latest entry also says "Other".
- FY2022Impact amount updatedAnnual report
「As a result, revenue and cost of sales for the current consolidated fiscal year decreased by ¥38,944 million compared with the amounts that would have been reported under the previous accounting standards.」
The decrease in revenue and cost of sales resulting from the application of the accounting standard for revenue recognition was updated from ¥28,357 million for the cumulative quarter to ¥38,944 million for the full fiscal year. - FY2022-Q3Impact amount updatedAnnual report
「As a result, revenue and cost of sales for the cumulative third quarter of the current consolidated fiscal year decreased by ¥28,357 million compared with the amounts that would have been reported under the previous accounting standards.」
The decrease in revenue and cost of sales resulting from the application of the accounting standard for revenue recognition and other applicable standards was updated from ¥15,350 million for the cumulative second quarter to ¥28,357 million for the cumulative third quarter. - FY2022-Q2Impact amount updatedAnnual report
「As a result, revenue and cost of sales for the cumulative second quarter of the current consolidated fiscal year decreased by ¥15,350 million compared with the amounts that would have been reported under the previous accounting standards.」
The impact of applying the accounting standard for revenue recognition was specified for the cumulative second quarter, with revenue and cost of sales decreasing by ¥15,350 million compared with the previous standards. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) 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 accounting standard for revenue recognition and other applicable standards, which had been scheduled for the previous fiscal year, were applied from 1 April 2021. For agency transactions involving coal sales, the Company changed to net presentation, reducing revenue and cost of sales by ¥6,483 million compared with the previous accounting treatment. - FY2021First statedAnnual report
「Although the Company expects revenue to decline at some consolidated subsidiaries due to the application of the accounting standard for revenue recognition and other applicable standards, there will be no impact on retained earnings.」
The Company disclosed that it plans to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022, expecting revenue to decline at some subsidiaries while having no impact on retained earnings.