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Oi Electric (6822) · InitiativeAchieved

Adoption of the Revenue Recognition Standard from the Fiscal Year Ending March 2022

First written in FY2018. 1 of 4 entries say "Restated". Latest entry: FY2022-Q1.

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ProgressHeldSoftenedWorseFirst statedFY2018 – FY20192018: 120182019: 120192020: 020202021: 22021
Same theme, other companies

3 other companies' latest entry also says "Achieved".

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Full recordFilings, disclosures and news, newest first
  1. 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 Company began applying the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022, as planned. For contracts in which performance obligations are satisfied over a period of time, the Company has changed to a method that applies the percentage-of-completion method and other methods.
  2. FY2021AdvancedAnnual report

    「The impact of applying the Accounting Standard for Revenue Recognition and other related standards on the consolidated financial statements is immaterial.」

    The Company continued to plan to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022 and assessed the impact on the financial statements as immaterial.
  3. FY2019RestatedAnnual report

    「The Accounting Standard for Revenue Recognition and other relevant standards will be applied from the beginning of the fiscal year ending March 2022. The impact of applying these standards on the consolidated financial statements is currently under assessment.」

    The Company continues to disclose that it plans to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022 and is assessing the impact.
  4. FY2018First statedAnnual report

    「The Accounting Standard for Revenue Recognition and other related standards will be applied from the beginning of the fiscal year ending March 2022. The impact of applying the Accounting Standard for Revenue Recognition and other related standards on the consolidated financial statements is currently being assessed.」

    The Company indicated that it planned to apply the new accounting standards for revenue recognition from the beginning of the fiscal year ending March 2022, and that the impact on the financial statements was under assessment.
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Oi Electric's next results are scheduled for 2026-10-29. Read the earnings preview
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Adoption of the Revenue Recognition Standard from the Fiscal Year Ending March 2022 | Oi Electric Co.,Ltd. (6822) | Komori