Application of the Accounting Standard for Revenue Recognition in the Fiscal Year Ending March 2022
First written in FY2021. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2023-Q1.
64 other companies' latest entry also says "Restated".
- FY2023-Q1RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax-sharing system from the beginning of the first quarter of the current fiscal year.」
The company implemented the transition to the group-wide tax consolidation regime from the current first-quarter accounting period, as planned in the previous fiscal year for the transition from the following consolidated fiscal year. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. Revenue is recognized 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 applied the revenue recognition accounting standard, which had been scheduled for adoption from the fiscal year ending March 2022, from the beginning of the current first-quarter accounting period. There was no impact on profit or loss for the cumulative period or retained earnings at the beginning of the period. - FY2021First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards will be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the accounting standard and implementation guidance for revenue recognition from the beginning of the fiscal year ending March 2022, and states that the impact on the consolidated financial statements is currently being assessed.