Preparing to apply the revenue recognition accounting standard
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
23 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we have applied the Accounting Standard for Revenue Recognition and related standards, and recognize revenue at the amount expected to be received in exchange for goods or services when control of the promised goods or services transfers to the customer.」
The revenue recognition accounting standard prepared for FY2021 was actually applied from the beginning of the first quarter accounting period on 1 April 2021. As a result, net sales decreased by ¥1,643 million and the opening balance of retained earnings decreased by ¥912 million. - FY2021First statedAnnual report
「The company plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022. The opening balance of retained earnings for the fiscal year ending March 2022 will decrease by ¥912 million. The company also plans to present certain costs previously recorded as selling, general and administrative expenses as a reduction in net sales.」
The company plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022, with an impact of ¥912 million on opening retained earnings and a change in presentation.