Adoption of accounting standards for revenue recognition and fair value measurement
First written in FY2021. 1 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q3.
12 other companies' latest entry also says "Other".
- FY2022-Q3Cumulative update on the effects of applying accounting standardsAnnual report
「As a result, sales decreased by ¥107.676 million, cost of sales decreased by ¥121.367 million, and operating income, ordinary income and profit before income taxes for the period each increased by ¥13.691 million during the nine months ended [current period].」
The specific effects on sales, cost of sales and profit for the nine months of the accounting standard for revenue recognition applied from the first quarter were disclosed. - FY2022-Q2Quantification of the impact of applying the accounting standardAnnual report
「As a result, sales decreased by ¥111.916 million, cost of sales decreased by ¥120.478 million, and operating income, ordinary income and profit before income taxes for the quarter each increased by ¥8.562 million during the six months ended [current period].」
The specific effects on sales, cost of sales and profit for the first half of the year of the accounting standard for revenue recognition applied from the first quarter were disclosed. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards were applied from the beginning of the first quarter ended [current period]. Revenue is now 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 Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019) and other standards were applied from the beginning of the first quarter ended [current period].」
Application of the accounting standard for revenue recognition, the accounting standard for fair value measurement and other standards, which had been scheduled for the previous fiscal year, began at the start of the first quarter of the fiscal year ending March 2022. Under revenue recognition, the performance obligations for product delivery and free maintenance services were identified, and transactions in which the Company acts as an agent were changed to a net presentation. - FY2021First statedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
For the first time, the planned application from the beginning of the fiscal year ending March 2022 of the accounting standard for revenue recognition, the accounting standard for fair value measurement and other standards was described.