Adoption of the Revenue Recognition Standard from the Fiscal Year Ending March 2022
First written in FY2019. 3 of 6 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
17 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual 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 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 applied the accounting standards on revenue recognition and related guidance from the beginning of the fiscal year, disclosing that revenue decreased by ¥854 million but there was no impact on operating income, ordinary income or net income. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the cumulative third quarter of the consolidated fiscal year decreased by ¥660.275 million, cost of sales decreased by ¥59.946 million and selling, general and administrative expenses decreased by ¥600.328 million, but there was no impact on operating income, ordinary income or quarterly net income attributable to owners of the parent.」
The company continued to apply the accounting standards on revenue recognition and related guidance, disclosing that revenue for the cumulative third quarter decreased by ¥660.275 million while there was no impact on operating income, ordinary income or quarterly net income attributable to owners of the parent. - FY2022-Q2AchievedAnnual report
「As a result, revenue for the cumulative second quarter of the consolidated fiscal year decreased by ¥433.823 million, cost of sales decreased by ¥38.750 million and selling, general and administrative expenses decreased by ¥395.072 million, but there was no impact on operating income, ordinary income or quarterly net income attributable to owners of the parent.」
The company continued to apply the accounting standards on revenue recognition and related guidance from the beginning of the first quarter of the consolidated fiscal year, disclosing that revenue for the cumulative second quarter decreased by ¥433.823 million while there was no impact on profit. - 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 company applied the accounting standards on revenue recognition and related guidance, which had been scheduled for application and whose impact had been under assessment through the previous fiscal year, from the beginning of the first quarter of the consolidated fiscal year beginning 1 April 2021. Revenue decreased by ¥216.053 million, but there was no impact on operating loss, ordinary loss or quarterly net loss attributable to owners of the parent. - FY2020RestatedAnnual report
「The amount of the impact on the consolidated financial statements from applying the Accounting Standard for Revenue Recognition and related guidance is currently under assessment.」
The company plans to apply the accounting standard on revenue recognition from the beginning of the fiscal year ending March 2022 and continues to assess the impact. - FY2019First statedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company states that it plans to apply the accounting standard and implementation guidance on revenue recognition from the beginning of the fiscal year ending March 2022, and is currently assessing the impact on the consolidated financial statements.