Adoption of the revenue recognition accounting standard from the fiscal year ending March 2022
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2022-Q2.
- FY2022-Q2AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the "Revenue Recognition Accounting Standard") and other standards from the beginning of the first quarter accounting period. Revenue is now 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. Accordingly, for installation work related to the sale of woodworking and machine tools, the company changed its method of recognizing revenue from recognition upon delivery of the products to recognition upon completion of the installation work.」
The company applied the Revenue Recognition Accounting Standard from the beginning of the first quarter of the fiscal year ending March 2022 and changed the timing of revenue recognition for installation work from product delivery to completion of installation. - FY2021RestatedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, with the impact currently under evaluation. - FY2020RestatedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022, and is still assessing the impact. - FY2019First statedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The company planned to apply the revenue recognition standard and related standards from the beginning of the fiscal year ending March 2022 and was evaluating the impact on the financial statements.