Adopting the Revenue Recognition Accounting Standard in the Fiscal Year Ending March 2022
First written in FY2019. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
22 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The Company adopted the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the first quarter of the current consolidated 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, revenue for the cumulative first quarter increased by ¥139,900 thousand, while operating loss, ordinary loss and loss before income taxes for the quarter each increased by ¥4,130 thousand, ¥11,732 thousand and ¥11,732 thousand, respectively.」
The Company adopted the accounting standards for revenue recognition from the beginning of the fiscal year ending March 2022 and disclosed the impact on revenue and losses. - FY2019First statedAnnual report
「Scheduled date of adoption The standards are scheduled to be adopted from the beginning of the fiscal year ending March 2022. Impact of adopting the accounting standards, etc. The impact is currently being assessed in preparing the consolidated financial statements.」
The Company stated that it planned to adopt the accounting standards for revenue recognition from the beginning of the fiscal year ending March 2022 and was assessing the impact.