Prospective Application of Revenue Recognition Standards, etc.
First written in FY2020. 1 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2022-Q1.
23 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards from the beginning of the first quarter. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The Accounting Standard for Revenue Recognition, which had been scheduled for future application in the previous fiscal year, was applied from 1 September 2021. There was no impact on the beginning balance of retained earnings or profit or loss for the current quarter. - FY2021AdvancedAnnual report
「The impact on the financial statements of applying the Accounting Standard for Revenue Recognition and other standards is immaterial.」
The planned application of the revenue recognition standards from the beginning of the fiscal year ending August 2022 remains unchanged, and the impact on the financial statements has been specified as immaterial rather than under assessment. - FY2020First statedAnnual report
「The amount of the impact on the financial statements from applying the Accounting Standard for Revenue Recognition and related standards is currently being assessed.」
The revenue recognition standards were scheduled to be applied from the beginning of the fiscal year ending August 2022, while the disclosure standards for accounting estimates and other standards were scheduled to be applied from the fiscal year-end for the fiscal year ending August 2021.