Planned Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending June 2022
First written in FY2019. 1 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2022-Q1.
- 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 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 standards for revenue recognition and related standards, which had been scheduled for application from the fiscal year ending June 2022, were actually applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue and cost of sales in the energy business each decreased by ¥3,067.288 million, but the company states that there was no impact on profit. - FY2021RestatedAnnual report
「The standards will be applied from the beginning of the fiscal year ending June 2022.」
The company continues to plan to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending June 2022, and expects the impact on the beginning balance of retained earnings and profit or loss in the following consolidated fiscal year to be immaterial. - FY2020AdvancedAnnual report
「The standards are scheduled to be applied from the fiscal year ending June 2022. (The company is also conducting a review with a view to early adoption in the fiscal year ending June 2021.)」
The company continues to plan to apply the accounting standards for revenue recognition from the fiscal year ending June 2022, while beginning a review aimed at early adoption in the fiscal year ending June 2021. - FY2019First statedAnnual report
「(2) Scheduled date of application The standards are scheduled to be applied from the fiscal year ending June 2022.」
The company plans to apply the accounting standards for revenue recognition and related standards from the fiscal year ending June 2022, and is evaluating the amount of the impact as of the date of preparation of the financial statements.