Preparation to Apply the Revenue Recognition Standard for the Fiscal Year Ending June 2022
First written in FY2020. 1 of 4 entries say "Restated". Latest entry: FY2024.
7 other companies' latest entry also says "Other".
- FY2024Impact of application becomes apparentAnnual report
「For the initial implementation portion of several new SaaS projects, the application of the accounting standards for revenue recognition and related standards resulted in the deferral of revenue and profit for accounting purposes.」
The company describes the impact of deferring revenue and profit for the initial implementation portion of new SaaS projects in FY2024 following the application of the accounting standards for revenue recognition from the beginning of FY2022. - 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 accounting period,」
The company applied the accounting standards for revenue recognition and related standards from the beginning of the current first-quarter accounting period, rather than from the beginning of the fiscal year ending June 2022 as previously planned. It also implemented changes to allocate revenue over time based on the satisfaction of performance obligations and to recognize certain transactions on a net basis as an agent. - FY2021RestatedAnnual report
「(2) Scheduled application date: The standard will be applied from the beginning of the fiscal year ending June 2022.」
The company has restated its plan to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending June 2022. The amount of the impact is currently under evaluation. - FY2020First statedAnnual report
「(2) Scheduled application date: The standard will be applied from the beginning of the fiscal year ending June 2022.」
For the first time, the company has explicitly stated that it plans to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending June 2022. The amount of the impact is currently under evaluation.