Application of the Accounting Standard for Revenue Recognition from the Fiscal Year Ending March 2022
First written in FY2019. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
42 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue and related standards from the beginning of the first quarter of the current consolidated accounting period, and began recognizing revenue 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 Standard for Revenue Recognition and related standards, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were applied from the beginning of the first quarter of the current consolidated accounting period. The impact on net sales, operating income and other items was minor, and presentation of contract assets and contract liabilities also began. - FY2019First statedAnnual report
「The Company will apply the standards from the beginning of the fiscal year ending March 2022. The amount of the impact on the consolidated financial statements from applying the Accounting Standard for Revenue Recognition and related standards is currently under evaluation.」
The Company planned to adopt the revenue recognition standards from the beginning of the fiscal year ending March 2022 and was still assessing the impact on the financial statements.