Preparation for Applying the Revenue Recognition Accounting Standard in the Fiscal Year Ending March 2022
First written in FY2019. 1 of 3 entries say "Restated". Latest entry: FY2022-Q1.
42 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the current first-quarter consolidated accounting period. 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.」
The revenue recognition accounting standard, which was scheduled to be applied from the beginning of the fiscal year ending March 2022, was applied from the current quarter. For electricity supply contracts, the method was changed from recognizing revenue based on meter-reading dates to estimating revenue through the balance-sheet date. For certain sales transactions in the automotive business, recognition was changed from a gross basis to a net basis. - FY2021RestatedAnnual report
「(2) Scheduled date of application: The standards will be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the relevant accounting standards and other requirements: The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and other requirements is currently being assessed.」
The policy of applying the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and assessing its impact remains unchanged. - FY2019First statedAnnual report
「(2) Scheduled date of application: The standards will be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the relevant accounting standards and other requirements: The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and other requirements is currently being assessed.」
The Accounting Standard for Revenue Recognition and other requirements are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact is currently being assessed.