Response to New Accounting Standards for Revenue Recognition and Fair Value Measurement
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
36 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year and began recognizing revenue at the amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer.」
The company applied the new accounting standard on revenue recognition from the beginning of the first quarter of the fiscal year ending August 2022. It also applied the accounting standard on fair value measurement and stated that there was no impact on the financial statements. - FY2021First statedAnnual report
「The accounting standards and other guidance on revenue recognition are scheduled to be applied from the beginning of the fiscal year ending August 2022. The accounting standards and other guidance on fair value measurement are also scheduled to be applied from the beginning of the fiscal year ending August 2022.」
The company stated that it plans to apply the new accounting standards and other guidance on revenue recognition and fair value measurement from the beginning of the fiscal year ending August 2022 and is evaluating the amount of the impact.