Application of the Accounting Standard for Revenue Recognition to the Fiscal Year Ending March 2022
First written in FY2019. 1 of 4 entries say "Restated". Latest entry: FY2022-Q1.
19 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「Following the application of the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (Implementation Guidance No. 30, 26 March 2021) from the beginning of consolidated accounting periods beginning on or after 1 April 2021, the Company has applied the Revenue Recognition Standard and related standards from the beginning of the first quarter of the current fiscal year. As a result, for sell-through purchases in the management and operations business, revenue that was previously recognized at the gross amount of consideration received from customers is now recognized on a net basis after deducting amounts payable to suppliers.」
The Revenue Recognition Standard was applied from the beginning of the fiscal year ending March 2022. Accounting treatment was changed to recognize sell-through purchases on a net basis and allocate lump-sum payments over the relevant periods. Retained earnings at the beginning of the fiscal year decreased by ¥1,184 million, while the impact on profit or loss for the quarter was immaterial. - FY2021AdvancedAnnual report
「With respect to the application of the Accounting Standard for Revenue Recognition and related standards, the cumulative effect of retrospectively applying the new accounting policies before the beginning of the fiscal year ending March 2022 will be added to or deducted from retained earnings at the beginning of that fiscal year, and the new accounting policies will be applied from that opening balance. The impact on retained earnings at the beginning of the fiscal year will be immaterial.」
The company continues to plan to apply the revenue recognition standard from the beginning of the fiscal year ending March 2022, and expects the impact on retained earnings at the beginning of the fiscal year to be immaterial. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company has reconfirmed its plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022. The amount of the impact is under assessment. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards will be applied from the beginning of the fiscal year ending March 2022.」
The company planned to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022, and was evaluating their impact on the consolidated financial statements.