Preparing to Apply the Accounting Standard for Revenue Recognition
First written in FY2018. 1 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2022-Q1.
21 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter and now recognizes revenue 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 Accounting Standard for Revenue Recognition was applied from the beginning of the first quarter of the fiscal year beginning 1 April 2021. As a result, net sales increased by ¥457 million, while operating income and ordinary income each increased by ¥121 million, and the opening balance of retained earnings increased by ¥54 million. - FY2021AdvancedAnnual report
「The Accounting Standard for Revenue Recognition and other applicable standards will be applied from the beginning of the fiscal year ending March 2022. The application is expected to result in the cumulative effect being reflected in net assets at the beginning of the following consolidated fiscal year, increasing the opening balance of retained earnings by ¥54 million.」
The revenue recognition standard will be applied from the beginning of the fiscal year ending March 2022, with the cumulative effect on retained earnings estimated at ¥54 million. - FY2018First statedAnnual report
「The standards will be applied from the beginning of the fiscal year ending March 2022. The company is currently evaluating the impact on the financial statements of applying the Accounting Standard for Revenue Recognition and related standards.」
The company plans to apply the new revenue recognition standard from the beginning of the fiscal year ending March 2022 and is assessing the impact on the financial statements.