Application of the revenue-recognition accounting standard from the fiscal year ending March 2022
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
- FY2022-Q1AchievedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognised 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 company began applying the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022. As a result, quarterly sales were ¥1,829 million, while operating loss and ordinary loss each decreased by ¥367 million, and retained earnings at the beginning of the fiscal year decreased by ¥1,871 million. - FY2021First statedAnnual report
「Accounting Standards for Revenue Recognition, etc. (2) Scheduled date of application: The standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. (3) Impact of application of the accounting standards, etc.: The amount of the impact was under assessment when these consolidated financial statements were prepared.」
The Accounting Standard for Revenue Recognition and its implementation guidance were scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact on the financial statements was under assessment.