Application of the Revenue Recognition Standard in 2022
First written in FY2019. 3 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2023-Q1.
66 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「The company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (Accounting Standard Implementation Guidance No. 31, 17 June 2021; hereinafter, the "Fair Value Measurement Accounting Standard Implementation Guidance") from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Implementation Guidance, the company applied the new accounting policy prescribed therein prospectively. This had no impact on the quarterly consolidated financial statements.」
The implementation guidance for the Accounting Standard for Fair Value Measurement, which had been scheduled for application from the beginning of the fiscal year ending June 2023, was applied from the beginning of the first quarter of the current fiscal year. - FY2022AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter the “Revenue Recognition Accounting Standard”) and related standards were applied from the beginning of the current consolidated 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 transfers to the customer.」
The planned application of the Revenue Recognition Accounting Standard began at the start of FY2022. On a consolidated basis, sales decreased by ¥215,908 thousand, operating profit and other items increased by ¥18,428 thousand, and retained earnings at the beginning of the fiscal year increased by ¥13,818 thousand. - FY2022-Q1AchievedAnnual report
「The Group applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter under review. 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 transfers to the customer.」
The planned application of the Revenue Recognition Accounting Standard began at the start of the first quarter of the fiscal year ending June 2022. As a result, sales increased by ¥72,548 thousand, operating profit and other items increased by ¥30,385 thousand, and retained earnings at the beginning of the fiscal year increased by ¥13,818 thousand during the cumulative period of the current quarter. - FY2021AdvancedAnnual report
「A new accounting policy will be applied from the beginning of the fiscal year ending June 2022. The impact on retained earnings at the beginning of the fiscal year is immaterial.」
The policy of applying the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending June 2022 has been maintained, and the impact of its application on retained earnings at the beginning of the fiscal year was assessed as immaterial. - FY2019First statedAnnual report
「Scheduled date of adoption of the Accounting Standard for Revenue Recognition and other standards: The standards will be applied from the beginning of the fiscal year ending June 2022. The amount of the impact of applying these accounting standards and other standards on the consolidated financial statements is currently being assessed.」
The Company plans to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending June 2022 and is assessing the impact on the financial statements.