Application of the Accounting Standard for Revenue Recognition in the Fiscal Year Ending March 2022
First written in FY2019. 1 of 4 entries say "Reframed", first in FY2020. Latest entry: FY2022-Q1.
3 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The company applied the accounting standards for revenue recognition and related standards that had been scheduled for application from the beginning of the fiscal year ending March 2022. It states that the impact on the financial statements was immaterial and that there was no impact on the beginning balance of retained earnings. - FY2021AdvancedAnnual report
「Scheduled to be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standards and related guidance The impact of applying the accounting standards and related guidance is immaterial.」
The outlook for applying the revenue recognition standard and related guidance in the fiscal year ending March 2022 was updated, and the impact of application was assessed as immaterial. - FY2020ReframedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020), the Accounting Standard for Fair Value Measurement and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
In addition to the revenue recognition standard, the company states that several accounting standards concerning fair value measurement, inventories, financial instruments and other matters are scheduled to be applied from the fiscal year ending March 2022. - FY2019First statedAnnual report
「The “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 30 March 2018) and the “Implementation Guidance on Accounting Standard for Revenue Recognition” (Accounting Standards Implementation Guidance No. 30, 30 March 2018) were scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the new accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022, with the impact still under assessment.