Planned application of the Revenue Recognition Accounting Standard for the fiscal year ending March 2022
First written in FY2018. 2 of 4 entries say "Restated". Latest entry: FY2022-Q1.
- 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 other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Previously, the company recognized the total consideration received from customers as revenue for revenue relating to maintenance contracts provided by the company. From the cumulative first quarter of the current fiscal year, however, for transactions in which the company's role in providing goods or services to customers qualifies as that of an agent, the company has changed to recognizing revenue on a net basis, deducting amounts paid to third parties from the total consideration received from customers.」
The company applied the Revenue Recognition Accounting Standard, which had been scheduled for application from the fiscal year ending March 2022, from the beginning of the first quarter of the current consolidated fiscal year. It considers the impact on net sales and cost of sales to be immaterial. - FY2021RestatedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The company reaffirmed its plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022 and expects the impact to be immaterial. - FY2019RestatedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The company reiterated its plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022. - FY2018First statedAnnual report
「We will apply it from the beginning of the fiscal year ending March 2022.」
The company disclosed plans to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2022, stating that the impact on the financial statements was still being assessed.