Response to the Accounting Standard for Revenue Recognition
First written in FY2018. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
4 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the fiscal year 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 revenue recognition accounting standard scheduled for the previous fiscal year was applied from the beginning of the first quarter of the current fiscal year. For construction contracts, the method of recognizing revenue was changed to one based on the progress toward satisfying performance obligations, and the impact on the financial statements was described as immaterial. - FY2018First statedAnnual report
「The new standard is to be applied from the beginning of the fiscal year ending March 2022. The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and related standards is currently under evaluation.」
The new revenue recognition standard is scheduled to be applied from the beginning of the fiscal year ending March 2022, and its impact on the financial statements is being evaluated.