Application of the revenue recognition accounting standard from the fiscal year ending February 2023
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2023-Q1.
10 other companies' latest entry also says "Achieved".
- FY2023-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 current fiscal year and began recognizing 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 and other provisions on revenue recognition, which had been scheduled for application from the beginning of the fiscal year ending February 2023, were actually applied from the beginning of the first quarter of the current consolidated fiscal year, changing the performance obligations and revenue recognition methods for sales and construction contracts. - FY2021First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and the Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 31 March 2020) are scheduled to be applied from the beginning of the fiscal year ending February 2023. The amount of the impact is being assessed in preparing the consolidated financial statements.」
The company disclosed for the first time that it plans to apply the new accounting standard and guidance on revenue recognition from the beginning of the fiscal year ending February 2023. The impact of applying them is still being assessed.