Planned application of the Accounting Standard for Revenue Recognition in the fiscal year ending March 2022
First written in FY2018. 2 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q2.
- FY2022-Q2AchievedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter, 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.」
For the cumulative period after applying the Accounting Standard for Revenue Recognition and related guidance, the company disclosed a ¥359 million decrease in revenue and increases of ¥27 million each in operating profit, ordinary profit and profit before income taxes and other adjustments, among other impacts. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards were applied from the beginning of the first-quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The Accounting Standard for Revenue Recognition and related guidance were applied from the beginning of 1 April 2021. The company introduced treatments including net presentation for transactions as an agent and processing transactions, and recognition over time for certain construction contracts. Revenue decreased by ¥136 million, while operating profit and other measures increased by ¥8 million. - FY2020RestatedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company planned to apply the revenue recognition accounting standards from the beginning of the fiscal year ending March 2022 and was assessing the impact. - FY2018First statedAnnual report
「Scheduled for application from the beginning of the fiscal year ending March 2022.」
The company stated that it planned to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2022, and that the impact on the financial statements was being assessed at that time.