Planned adoption of the revenue recognition accounting standard for the fiscal year ending March 2022
First written in FY2019. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q2.
99 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「The company applied the Revenue Recognition Standard (Accounting Standard No. 29, 31 March 2020, hereinafter the "Revenue Recognition Standard") and other standards from the beginning of the first quarter of the current consolidated fiscal year, and now recognizes revenue 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 reconfirms in the second quarter that it is applying the revenue recognition accounting standard, which had been scheduled for adoption from the beginning of the fiscal year ending March 2022. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard") and other standards were applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized 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 company actually applied 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 fiscal year. For its obligation to refund personnel placement fees, it changed to a method of recognizing a refund liability, with no impact on profit or loss or retained earnings at the beginning of the period. - FY2019First statedAnnual report
「(2) Scheduled adoption date The standard is scheduled to be adopted from the beginning of the fiscal year ending March 2022. (3) Impact of adopting the accounting standards and other requirements The amount of the impact is currently being assessed.」
The company states for the first time that it plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022, with the amount of the impact still under evaluation.