Planned application of the Accounting Standard for Revenue Recognition for the fiscal year ending March 2022
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
94 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards from the beginning 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.」
The Company has continued to apply the Revenue Recognition Standard from the beginning of the current fiscal year and recognize revenue based on the point at which control is transferred. - FY2022-Q3RestatedAnnual report
「The Company applied the Revenue Recognition Standard and other relevant standards from the beginning of the first quarter of the current 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, for revenue recognition at overseas subsidiaries, the Company changed from recognizing revenue at shipment to recognizing it upon arrival.」
The Company reaffirms that it applied the Revenue Recognition Standard from the beginning of the current fiscal year, changed the timing of revenue recognition at overseas subsidiaries from shipment to arrival, and that the impact on profit or loss for the cumulative period through the third quarter was immaterial. - FY2022-Q2RestatedAnnual report
「The Company applied the Revenue Recognition Standard and other relevant standards from the beginning of the first quarter of the current 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, for revenue recognition at overseas subsidiaries, the Company changed from recognizing revenue at shipment to recognizing it upon arrival.」
The Company reaffirms that it applied the Revenue Recognition Standard from the beginning of the current fiscal year and changed the timing of revenue recognition at overseas subsidiaries from shipment to arrival. The impact of the application on profit or loss for the cumulative period through the current quarter was immaterial, with no impact on the opening balance of retained earnings. - FY2022-Q1RestatedAnnual report
「The Company 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 current 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, for revenue recognition at overseas subsidiaries, the Company changed from recognizing revenue at shipment to recognizing it upon arrival.」
The Company applied the Revenue Recognition Standard from the beginning of the fiscal year ending March 2022 and changed the timing of revenue recognition at overseas subsidiaries from shipment to arrival. The impact on profit or loss was immaterial, and there was no impact on the opening balance of retained earnings, according to the Company. - FY2021AchievedAnnual report
「Scheduled application date Applied from the beginning of the fiscal year ending March 2022.」
Regarding the Accounting Standard for Revenue Recognition, which was previously scheduled to be applied from the beginning of the fiscal year ending March 2022, the Company states that it applied the standard from the beginning of that fiscal year. The impact is being assessed. - FY2019First statedAnnual report
「Scheduled effective date The new standard is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company stated that it planned to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2022, and that the impact was being assessed.