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Renaissance (2378) · InitiativeAchieved

Planned 2022 Application of the Revenue Recognition Accounting Standard

First written in FY2019. 1 of 3 entries say "Restated". Latest entry: FY2022-Q1.

3entries
3years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2019 – FY20202019: 120192020: 120202021: 12021
Same theme, other companies
Assessment of the Impact of Applying the Accounting Standard for Revenue RecognitionA theme 166 companies write about · 1 as a headwind · 0 as a tailwind

27 other companies' latest entry also says "Achieved".

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Showing 14 of the 166 companies compared. The sentences above are computed from all 166.
Full recordFilings, disclosures and news, newest first
  1. FY2022-Q1AchievedAnnual report

    「The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other standards from the beginning of the first-quarter consolidated accounting period. 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.」

    Began applying the revenue recognition accounting standard, which had been scheduled for adoption from the beginning of the fiscal year ending March 2022, from the beginning of the first quarter of the current consolidated fiscal year.
  2. FY2020RestatedAnnual report

    「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact is being assessed as of the preparation of these consolidated financial statements.」

    Reconfirmed the policy of applying the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022, with the impact still under assessment.
  3. FY2019First statedAnnual report

    「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact is being assessed as of the preparation of these consolidated financial statements.」

    Disclosed that the new revenue recognition accounting standard was scheduled to be applied from the beginning of the fiscal year ending March 2022, and that the impact on the financial statements was being assessed.
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Renaissance's next results are scheduled for 2026-11-10. Read the earnings preview
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