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Japan Electronic Materials (6855) · InitiativeAchieved

Application of the New Accounting Standard for Revenue Recognition for the Fiscal Year Ended March 2022

First written in FY2019. 1 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2022-Q1.

3entries
3years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY20192019: 120192020: 020202021: 22021
Same theme, other companies
General implementation of the Accounting Standard for Revenue Recognition (no impact)A theme 44 companies write about · 0 as a headwind · 0 as a tailwind

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

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 44 companies compared. The sentences above are computed from all 44.
Full recordFilings, disclosures and news, newest first
  1. FY2022-Q1AchievedAnnual report

    「The Company applied the “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter consolidated accounting period. Revenue is recognized 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. There was no impact on profit or loss for the cumulative first-quarter period.」

    The new revenue recognition standard, whose application had been planned from the beginning of the fiscal year ending March 2022, was actually applied. The Company stated that it had no impact on quarterly profit or loss.
  2. FY2021AdvancedAnnual report

    「Application is planned from the beginning of the fiscal year ending March 2022. The impact on the consolidated financial statements is immaterial.」

    The planned timing for applying the new revenue recognition standard was maintained, and its impact on the consolidated financial statements was assessed as immaterial.
  3. FY2019First statedAnnual report

    「The Company planned to apply the “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 30 March 2018) and the “Implementation Guidance on Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Guidance No. 30, 30 March 2018) from the beginning of the fiscal year ending March 2022.」

    The planned application of the new revenue recognition standard from the beginning of the fiscal year ending March 2022 is disclosed for the first time. The impact of its application is under assessment.
Moved together

"Strengthening products and expanding sales for DRAM and NAND flash memory" moved the same way as this thread, in the same document, in 2 of its 3 moves.

2222★1234
  1. ★This thread
  2. 1Strengthening products and expanding sales for DRAM and NAND flash memory2×
  3. 2Risk of business performance fluctuations due to weak semiconductor demand2×
  4. 3Achievement of a consolidated ordinary profit margin of at least 10% and ROE of at least 10%2×
  5. 4Fundraising through Stock Acquisition Rights with Exercise Price Adjustment and Exercise Approval Clauses2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Application of the New Accounting Standard for Revenue Recognition for the Fiscal Year Ended March 2022 | JAPAN ELECTRONIC MATERIALS CORPORATION (6855) | Komori