Preparing to Apply the Revenue Recognition Standard
First written in FY2018. 4 of 7 entries say "Restated". Latest entry: FY2023-Q2.
64 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「The company applied the Accounting Standard for Revenue Recognition and the Implementation Guidance on the Accounting Standard for Revenue Recognition from the beginning of the first quarter of the consolidated fiscal year. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company continues to apply the accounting treatment based on the Revenue Recognition Accounting Standard applied from the beginning of the first quarter of the consolidated fiscal year. - FY2022-Q3RestatedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and the Implementation Guidance on the Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 26 March 2021; hereinafter, the "Revenue Recognition Implementation Guidance") from the beginning of the first quarter of the consolidated fiscal year. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company continues to apply the accounting treatment based on the Revenue Recognition Accounting Standard applied from the beginning of the first quarter of the consolidated fiscal year. - FY2022-Q2RestatedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and the Implementation Guidance on the Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 26 March 2021; hereinafter, the "Revenue Recognition Implementation Guidance") from the beginning of the first quarter of the consolidated fiscal year. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company continues to apply the Revenue Recognition Accounting Standard from the beginning of the first quarter of the consolidated fiscal year, including changes in the presentation of freight and packing costs and other items and the recognition of materials provided for consideration as inventories. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the first quarter consolidated accounting period. Revenue is recognised 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 applied the revenue recognition accounting standards from the beginning of the first quarter of the current consolidated fiscal year, rather than from the beginning of the fiscal year ending March 2022 as previously planned. It also changed the presentation of freight and packing costs and other items. - FY2021AdvancedAnnual report
「The company plans to change the accounting treatment for some freight and packing costs recorded in selling, general and administrative expenses, deducting them from revenue.」
The company maintained its plan to apply the standards from the beginning of the fiscal year ending March 2022 and disclosed specific changes in the accounting treatment of freight and packing costs and transactions involving the provision of materials for consideration. - FY2019RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
We plan to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022, and continue to assess the amount of the impact. - FY2018First statedAnnual report
「Scheduled application date: The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the accounting standards for revenue recognition and other related standards from the beginning of the fiscal year ending March 2032, and is evaluating the impact on its consolidated financial statements.