Preparing for adoption of the revenue recognition accounting standard in the fiscal year ending March 2022
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2022.
123 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The accounting standards for revenue recognition, etc. have been applied from the beginning of the current consolidated fiscal year. Revenue is recognised at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The accounting standards for revenue recognition, etc., applied from 1 April 2021 continue to be applied, including net presentation for transactions conducted as an agent and revenue recognition over time for construction contracts. - FY2022-Q2RestatedAnnual report
「The accounting standards for revenue recognition, etc. were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is recognised at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The accounting standards for revenue recognition, etc., applied from the beginning of FY2022, continue to be applied. Revenue in the leasing business decreased 25.5% year on year due in part to net recognition of instalment sales transactions. - FY2022-Q1AchievedAnnual report
「The accounting standards for revenue recognition, etc. were applied from the beginning of the current first quarter of the consolidated fiscal year. Revenue is recognised at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The accounting standards for revenue recognition, etc., which had been scheduled for application from the beginning of the fiscal year ending March 2022, were actually applied from 1 April 2021. This resulted in changes including net presentation for transactions conducted as an agent and revenue recognition over time for construction contracts. - FY2021RestatedAnnual report
「“Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020)” “(2) Scheduled date of application: Scheduled to be applied from the beginning of the fiscal year ending March 2022.” “(3) Impact of applying the accounting standard, etc.: The impact was assessed as immaterial when these consolidated financial statements were prepared.”」
The revenue recognition standard has not yet been applied, and application from the beginning of the fiscal year ending March 2022 remains scheduled. The impact of its application is assessed as immaterial. - FY2019First statedAnnual report
「Revenue is recognised by applying the following five-step model. 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: Recognise revenue when, or as, the performance obligation is satisfied. The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The new accounting standard for revenue recognition is explained using the five-step model, with application scheduled to begin at the start of the fiscal year ending March 2022. The amount of the impact was still being assessed at the time of preparation.