Preparation for Adoption of New Accounting Standards, Including Revenue Recognition
First written in FY2021. 1 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
4 other companies' latest entry also says "Other".
- FY2022Disclosure of full-year impact of applying new accounting standardsAnnual report
「As a result, compared with before applying the accounting standard for revenue recognition and other standards, contract liabilities on the consolidated balance sheet for the current consolidated fiscal year increased by ¥1.636 million. On the consolidated statement of income for the current consolidated fiscal year, revenue decreased by ¥1.636 million, while operating income, ordinary income and income before income taxes and other adjustments each decreased by the same amount.」
After applying the accounting standard for revenue recognition, the Company disclosed that the full-year impact on revenue, operating income and ordinary income was a decrease of ¥1.636 million in each case. - FY2022-Q3Disclosure of the impact of applying new accounting standardsAnnual report
「As a result, revenue for the third quarter consolidated cumulative period decreased by ¥21.663 million, operating income and ordinary income each decreased by the same amount, and the quarterly net loss before income taxes and other adjustments increased by the same amount.」
The Company disclosed that, due to the application of the accounting standard for revenue recognition, revenue, operating income and ordinary income for the third quarter cumulative period each decreased by ¥21.663 million. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The Company applied the accounting standard for revenue recognition and other standards, for which preparations had been disclosed in the previous fiscal year, from 1 April 2021. It stated that there was no impact on profit or loss or retained earnings at the beginning of the fiscal year. - FY2021First statedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company planned to apply the accounting standard for revenue recognition, the accounting standard for fair value measurement and other standards from the beginning of the fiscal year ending March 2022, and stated that it was assessing the impact.