Planned application of the Revenue Recognition Accounting Standard for the fiscal year ending February 2023
First written in FY2020. 1 of 3 entries say "Restated". Latest entry: FY2023-Q1.
42 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The company applied the accounting standards for revenue recognition and related standards, which had been scheduled for application from the beginning of the fiscal year ending February 2023, from the beginning of the first quarter of the current consolidated fiscal year. For sales with a right of return, it recognizes a refund liability and a return asset, while points are recognized as contract liabilities. - FY2022RestatedAnnual report
「To be applied from the beginning of the fiscal year ending February 2023.」
The company plans to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending February 2023, and continues to assess the impact. - FY2020First statedAnnual report
「Scheduled adoption date for the Accounting Standard for Revenue Recognition and other standards The standards will be applied from the beginning of the fiscal year ending February 2023. The impact of applying the Accounting Standard for Revenue Recognition and other standards on the consolidated financial statements is currently being assessed.」
The company disclosed that it plans to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending February 2023, with the impact still under assessment.