Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 3 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2023.
1 other company's latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the group aggregation system from the current consolidated fiscal year.」
The company has progressed from a policy of transitioning at the quarterly stage to applying the group tax sharing system during the current consolidated fiscal year. - FY2022AdvancedAnnual report
「As a result, raw materials and supplies and other current liabilities each increased by ¥420 million at the end of the current consolidated fiscal year.」
The company applied the Revenue Recognition Standard and other relevant standards for the full fiscal year and disclosed the impact of the change in accounting treatment for transactions involving the provision of goods for consideration on the balance sheet as ¥420 million. - FY2022-Q2AdvancedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and other relevant standards from the beginning of the first quarter of the consolidated fiscal year. Revenue is recognized 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.」
As a result of continuing to apply the Revenue Recognition Standard and other relevant standards and changing the recognition method for transactions involving the provision of goods for consideration, raw materials and supplies and other current liabilities each increased by ¥213 million. - FY2022-Q1First statedAnnual report
「The Group adopted the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other relevant standards 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 transfers to the customer.」
The Group adopted the revenue recognition accounting standard and related standards from the beginning of the first quarter, changing the recognition and presentation of transactions involving supplied materials.