Planned Adoption of the Revenue Recognition Standard Beginning in the Fiscal Year Ending March 2022
First written in FY2018. 3 of 5 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards have been applied since the first quarter of the current consolidated accounting period.」
Regarding the revenue recognition accounting standard applied from the first quarter of the fiscal year ending March 2022, the company stated in its third-quarter report that it continues to apply the standard. In the services business, it changed to a method of recognizing revenue over time. - FY2022-Q2RestatedAnnual report
「As a result, in the services business, for contracts previously accounted for using the completed-contract method, where control over the service is transferred to the customer over a specified period, the company changed to a method of recognizing revenue over time as it satisfies the performance obligation to transfer the service to the customer.」
Regarding the revenue recognition accounting standard applied from the first quarter of the fiscal year ending March 2022, the company continues to describe the change in the services business from the completed-contract method to revenue recognition over time. It also disclosed the reclassification of contract assets and contract liabilities on the balance sheet. - FY2022-Q1AchievedAnnual report
「We have applied the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year.」
The company applied the accounting standards and other guidance on revenue recognition, which had been scheduled for adoption from the beginning of the fiscal year ending March 2022, from the beginning of the first quarter of the current consolidated fiscal year. In the services business, the company changed to a method of recognizing revenue over time according to the degree of progress for services transferred over a specified period. - FY2019RestatedAnnual report
「(2) Scheduled date of application: We will apply the standard from the beginning of the fiscal year ending March 2022.」
The company continues to disclose its plan to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2022. - FY2018First statedAnnual report
「(2) Scheduled effective date: The changes will be applied from the beginning of the fiscal year ending March 2022.」
The Company disclosed plans to apply the Accounting Standard for Revenue Recognition and related guidance from the beginning of the fiscal year ending March 2022.