Adoption of the Revenue Recognition Standard from the Fiscal Year Ending March 2022
First written in FY2019. 3 of 6 entries say "Cited as achieved", first in FY2022-Q2. Latest entry: FY2024.
2 other companies' latest entry also says "Cited as achieved".
- FY2024Cited as achievedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and other standards from the beginning of the 76th fiscal year. Accordingly, the key management indicators and other information for the 76th fiscal year and thereafter reflect application of these accounting standards.」
The Company described the application of the Revenue Recognition Standard from the beginning of the fiscal year ending March 2022 as a past application in the notes to its key management indicators. - FY2022Cited as achievedAnnual report
「The company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the current consolidated fiscal year, and recognizes revenue at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」
The Company continued applying the Revenue Recognition Standard, which it adopted from the beginning of the fiscal year ending March 2022, in the annual financial statements. It stated that there was no impact on the beginning balance of retained earnings and that the impact on the financial statements was immaterial. - FY2022-Q2Cited as achievedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard") and other standards from the beginning of the first quarter of the current fiscal year. 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 is transferred to the customer. The impact of applying these standards on the quarterly consolidated financial statements for the cumulative second quarter was immaterial.」
The Company continued applying the Revenue Recognition Standard, which it adopted from the beginning of the fiscal year ending March 2022, in the second quarter, and stated that its impact on the financial statements was immaterial. - FY2022-Q1AchievedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard") and other standards from the beginning of the first quarter of the current fiscal year. 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 is transferred to the customer. The impact of applying these standards on the quarterly consolidated financial statements for the cumulative first quarter was immaterial.」
The Company actually applied the Accounting Standard for Revenue Recognition, which had been scheduled for application from the beginning of the fiscal year ending March 2022, from the beginning of the first quarter of the current fiscal year. The impact on the financial statements was stated to be immaterial. - FY2020RestatedAnnual report
「The revenue recognition standard and related standards will be adopted from the beginning of the fiscal year ending March 2022.」
The company has reaffirmed its plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「• "Accounting Standard for Revenue Recognition" (Accounting Standard No. 29, 30 March 2018, Accounting Standards Board of Japan) • "Implementation Guidance on Accounting Standard for Revenue Recognition" (Implementation Guidance No. 30, 30 March 2018, Accounting Standards Board of Japan) (2) Scheduled date of application The standards will be applied from the beginning of the fiscal year ending March 2022.」
The Company stated that it planned to apply the new accounting standard and implementation guidance on revenue recognition from the beginning of the fiscal year ending March 2022, and that the impact on the financial statements was being assessed.