Planned application of the Accounting Standard for Revenue Recognition for the fiscal year ending March 2022
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2022.
85 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「We began applying the Accounting Standard for Revenue Recognition and other applicable standards from the beginning of the current consolidated fiscal year. 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 Accounting Standard for Revenue Recognition, applied from the first quarter of FY2022, continues to be applied for the full-year accounting period. The opening balance of retained earnings decreased by ¥2.133 billion as a result of the adoption, but the impact on profit or loss for the period was described as immaterial. - FY2022-Q3RestatedAnnual report
「The Revenue Recognition Accounting Standard (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and related standards were applied from the beginning of the first quarter of the current 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 accounting treatment and impact following application of the Revenue Recognition Accounting Standard from FY2022-Q1 continued to be described in the third quarter. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and related standards were applied from the beginning of the first quarter of the current 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 Revenue Recognition Accounting Standard and related standards, which had been scheduled for FY2019, were actually applied from the beginning of the first quarter of the fiscal year ending March 2022. The opening balance of retained earnings decreased by ¥2,133 million, while the impact on profit or loss for the quarter was immaterial, according to the company. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact of the application on the consolidated financial statements is currently being assessed.」
The company stated that the Accounting Standard for Revenue Recognition and related standards were scheduled to be applied from the beginning of the fiscal year ending March 2022, and that the impact on the consolidated financial statements was being assessed.