Applying the revenue recognition accounting standard from the fiscal year ending March 2022
First written in FY2021. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
4 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the "Revenue Recognition Accounting Standard") and related standards were applied 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 full-year financial statements reconfirm that the revenue recognition accounting standard and related standards scheduled for FY2021 were applied from the beginning of the fiscal year. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards were applied 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. Before the application of the revenue recognition accounting standard and related standards, service points granted to users free of charge were recorded as selling expenses when granted and as revenue when used. After application, they are recorded as sales discounts when used.」
The revenue recognition accounting standard and related standards scheduled for FY2021 were applied from the beginning of the first quarter of the current consolidated fiscal year, changing the accounting treatment of service points. - FY2021First statedAnnual report
「The standard is to be applied from the beginning of the fiscal year ending March 2022. Service points granted to users free of charge had previously been recorded as selling expenses when granted and as revenue when used. Upon application of the relevant accounting standards, they will be recorded as sales discounts when used. No impact on retained earnings is expected.」
The revenue recognition accounting standard and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, changing the presentation of service points when used from revenue to sales discounts.