Planned application of the Accounting Standard for Revenue Recognition for the fiscal year ending March 2022
First written in FY2019. 1 of 3 entries say "Restated". Latest entry: FY2022-Q1.
- FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we have applied the Accounting Standard for Revenue Recognition and related standards, and recognize revenue at the amount expected to be received in exchange for goods or services when control of the promised goods or services transfers to the customer.」
The revenue recognition standard scheduled for adoption from the beginning of the fiscal year ending March 2022 was actually applied from the beginning of the first quarter of the current consolidated fiscal year. The methods of recognizing revenue from transactions involving the provision of materials for consideration, transactions with rights of return and the sale of reused gaming machines were also changed, reducing net sales by ¥41 million and operating profit and other items by ¥5 million. - FY2021RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 26 March 2021) are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company reconfirmed its plan to apply the accounting standards for revenue recognition from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「The company plans to apply the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 30 March 2018) and the Implementation Guidance on Accounting Standard for Revenue Recognition (Implementation Guidance No. 30, 30 March 2018) from the beginning of the fiscal year ending March 2022.」
The planned adoption of the new accounting standards on revenue recognition and related standards from the beginning of the fiscal year ending March 2022 is mentioned for the first time. The amount of the impact is under evaluation.