Application of the Revenue Recognition Accounting Standard from the Fiscal Year Ending March 2022
First written in FY2020. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q2.
93 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter of the consolidated 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 Accounting Standard for Revenue Recognition and related standards, applied from FY2022-Q1, continued to be applied in the second quarter. - FY2022-Q1AchievedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related 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 transfers to the customer.」
The Accounting Standard for Revenue Recognition and related standards, scheduled for FY2020, were applied from the beginning of the first quarter of the fiscal year ending March 2022, on 1 April 2021. - FY2020First statedAnnual report
「The scheduled application date for the Accounting Standard for Revenue Recognition and related standards is the beginning of the fiscal year ending March 2022.」
The Company planned to apply the Accounting Standard for Revenue Recognition and its implementation guidance, using the five-step model for revenue recognition, from the beginning of the fiscal year ending March 2022. The impact on the financial statements was under assessment.