Adoption of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2022-Q3.
64 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. 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.」
The company continues to disclose the application of the accounting standards and related requirements concerning revenue recognition from the beginning of the first quarter consolidated accounting period, as well as changes in the presentation of sales discounts, return assets and refund liabilities. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. 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.」
The company continues to disclose the application of the accounting standards and related requirements concerning revenue recognition from the beginning of the first quarter consolidated accounting period, as well as changes in the presentation of sales discounts, return assets and refund liabilities. - 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.」
The accounting standards and related requirements concerning revenue recognition, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were actually applied from the beginning of the current first quarter consolidated accounting period. The presentation of sales discounts, return assets and refund liabilities was also changed. - FY2020RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company continues to state that it plans to apply the accounting standards and related requirements concerning revenue recognition from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The company first explicitly stated that it planned to apply the accounting standards and related requirements concerning revenue recognition from the beginning of the fiscal year ending March 2022. The impact on the consolidated financial statements was still being assessed at that time.