Komori
Palma (3461) · FactAchieved

Planned adoption of the accounting standard for revenue recognition

First written in FY2018. 1 of 3 entries say "Restated". Latest entry: FY2022-Q1.

3entries
5years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2018 – FY20202018: 12019: 020192020: 120202021: 020212022: 1
Same theme, other companies
対応 to the 2022 Adoption of the Revenue Recognition Accounting StandardA theme 618 companies write about · 16 as a headwind · 1 as a tailwind

42 other companies' latest entry also says "Achieved".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 200 companies compared. The sentences above are computed from all 200.Comparing 200 of the theme's 618 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2022-Q1AchievedAnnual report

    「The Company applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the Revenue Recognition Accounting Standard) and related guidance from the beginning of the first quarter of the current fiscal year. Revenue is recognized 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. As a result, for some transactions, consideration paid to customers, such as sales rebates, which was previously treated as an expense, is now deducted from the transaction price.」

    The Company applied the Accounting Standard for Revenue Recognition and related guidance, which it had previously planned to adopt, from the beginning of the first quarter of the current fiscal year. Consideration paid to customers, such as sales rebates, is now deducted from the transaction price rather than treated as an expense. The impact on profit or loss and retained earnings is described as immaterial.
  2. FY2020RestatedAnnual report

    「(2) Scheduled application date The new standards will be applied from the beginning of the fiscal year ending September 2022.」

    The Company has reconfirmed its plan to apply the Accounting Standard for Revenue Recognition and related guidance from the beginning of the fiscal year ending September 2022.
  3. FY2018First statedAnnual report

    「The Company will apply the Accounting Standard for Revenue Recognition and related guidance from the beginning of the fiscal year ending September 2022.」

    The Company states that it plans to apply the Accounting Standard for Revenue Recognition and related implementation guidance from the beginning of the fiscal year ending September 2022, and that the impact on the financial statements is still being assessed.
Moved together

None of this company's other threads moved the same way in the same document twice or more.

When this could move next
No upcoming earnings preview for Palma yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Planned adoption of the accounting standard for revenue recognition | Palma Co.,Ltd. (3461) | Komori