Preparation for Adoption of the Accounting Standard for Revenue Recognition and the Accounting Standard for Fair Value Measurement
First written in FY2021. 1 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
12 other companies' latest entry also says "Other".
- FY2022Updated the full-year impact of the revenue recognition accounting standardAnnual report
「As a result, revenue decreased by ¥342 million, cost of sales decreased by ¥17 million, selling, general and administrative expenses decreased by ¥288 million, operating income decreased by ¥36 million, and ordinary income and income before income taxes decreased by ¥37 million during the current consolidated fiscal year.」
The impact on full-year revenue, expenses and profit of the accounting standard for revenue recognition, applied from the beginning of the current fiscal year, was disclosed. - FY2022-Q3Updated estimate of the impact of adopting the revenue recognition standardAnnual report
「As a result, revenue increased by ¥64 million, cost of sales increased by ¥185 million, selling, general and administrative expenses decreased by ¥228 million, operating income increased by ¥106 million, and ordinary income and income before income taxes increased by ¥105 million during the nine months ended the third quarter of the current consolidated fiscal year.」
The impact of the accounting standard for revenue recognition, applied from the first quarter, on revenue, expenses and profit for the nine months ended the third quarter has been disclosed. - FY2022-Q1AchievedAnnual report
「We applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first-quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The accounting standard for revenue recognition, which was scheduled to be applied from the beginning of the fiscal year ending November 2022, was applied from the beginning of the first quarter of the current fiscal year. The accounting standard for fair value measurement and related standards were also applied from the beginning of the period. - FY2021First statedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending November 2022. The Implementation Guidance on Accounting Standard for Fair Value Measurement, revised in 2021, will be applied from the beginning of the fiscal year ending November 2023.」
The planned adoption of the accounting standards for revenue recognition and fair value measurement and related standards, from the fiscal year ending November 2022 or the fiscal year ending November 2023, has been disclosed.