Adoption of the Revenue Recognition Standard for the Fiscal Year Ending March 2022
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2022.
123 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards have been applied from the beginning of the current consolidated fiscal year. Accordingly, 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 revenue recognition accounting standard and other standards, which had been scheduled for adoption in the previous fiscal year, from the beginning of the current fiscal year. There is no impact on profit or loss for the current fiscal year or retained earnings at the beginning of the year. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 has continued to apply the revenue recognition accounting standard and related standards from the beginning of the first quarter of the consolidated accounting period, with no impact on profit or loss for the third quarter cumulative period under review or on the beginning balance of retained earnings. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The Accounting Standard for Revenue Recognition and related standards, which had been scheduled for adoption in the previous fiscal year, were applied from 1 April 2021. For construction contracts, the Company changed, in principle, to a method of recognising revenue over a certain period in accordance with the satisfaction of performance obligations. This had no impact on profit or loss for the current quarter or retained earnings at the beginning of the period. - FY2021First statedAnnual report
「We will apply it from the beginning of the fiscal year ending March 2022.」
The Company planned to apply the revenue recognition standard and related implementation guidance from the beginning of the fiscal year ending March 2022 and was evaluating the impact on the consolidated financial statements.