Planned Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2022-Q3.
119 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The 'Accounting Standard for Revenue Recognition' (ASBJ Statement No. 29, 31 March 2020; hereinafter, the 'Revenue Recognition Standard') and related standards have been applied from the beginning of the first quarter of the current 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 is transferred to the customer.」
The company continues to apply the Revenue Recognition Standard adopted from the beginning of the fiscal year ending March 2022 in the third quarter. The impact of the changes to mold sales and transactions involving customer-supplied materials is considered immaterial. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company applied the Revenue Recognition Standard and related guidance, which had been scheduled for application from the beginning of the fiscal year ending March 2022. Mold sales are recognized upon customer acceptance, while for transactions involving customer-supplied materials, the company no longer recognizes the supplied materials as extinguished when a repurchase obligation exists. The company states that the impact on profit and loss and other items is immaterial. - FY2021RestatedAnnual report
「(2) Scheduled date of application The standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company has reaffirmed its plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022. - FY2020First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and the Implementation Guidance on Accounting Standard for Revenue Recognition (Implementation Guidance No. 30, 31 March 2020) are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company states that the new accounting standards and other guidance concerning revenue recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022, and that the impact is still being assessed.