Planned 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-Q2RestatedAnnual report
「Because the revenue recognition accounting standard and related standards were applied, “Notes and accounts receivable—trade,” previously presented under “Current assets” in the consolidated balance sheet for the previous consolidated fiscal year, has been presented as part of “Notes and accounts receivable—trade and contract assets” from the first quarter consolidated accounting period.」
Continued applying the revenue recognition accounting standard adopted from the first quarter, and disclosed the presentation methods, including contract assets, and the recognition methods for export sales, sales discounts, and transactions involving paid receipt and paid supply. As a result of the adoption, revenue for the first half decreased by ¥1,096 million and operating profit and other items decreased by ¥48 million. - 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.」
Applied the revenue recognition accounting standard, which had been scheduled for adoption from the beginning of the fiscal year ending March 2022. The methods for recognising revenue from export sales, sales discounts, and transactions involving paid receipt and paid supply were also changed. - FY2021RestatedAnnual report
「The revenue-recognition accounting standard and related standards are scheduled to be adopted from the beginning of the fiscal year ending March 2022.」
Continued to disclose plans to apply the revenue recognition accounting standard and related standards from the beginning of the fiscal year ending March 2022, with the impact still under assessment. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending March 2022.」
The Accounting Standard for Revenue Recognition and its Implementation Guidance are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact is currently being assessed.