Application of the New Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2018. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q2.
- FY2022-Q2RestatedAnnual report
「As a result, mainly in the automotive information equipment business, the company identified free map-update services provided with the sale of certain car navigation products as separate performance obligations from the sale of the products. Accordingly, it now recognises part of the revenue previously recognised in full at the time of product sale over the period in which the services are provided, as the performance obligations are satisfied.」
The company continued applying the revenue recognition accounting standard and detailed the accounting treatment of allocating revenue over the service period by treating map-update services for car navigation systems and other services as separate performance obligations from product sales. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other standards have been applied from the beginning of the current first-quarter cumulative consolidated period」
The company began applying the revenue recognition accounting standard and other standards from the beginning of the current first quarter, as had been scheduled from the fiscal year ending March 2022. - FY2018First statedAnnual report
「The revenue-recognition accounting standard and related standards are scheduled to be adopted from the beginning of the fiscal year ending March 2022.」
The company stated that the new revenue recognition accounting standard and other standards were scheduled to be applied from the beginning of the fiscal year ending March 2022, and that the amount of their impact was under assessment.