Adoption of the Revenue Recognition Accounting Standard from the Fiscal Year Ending March 2022
First written in FY2019. 2 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
- FY2022AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter the “Revenue Recognition Accounting Standard”) and related standards were applied from the beginning of the current consolidated fiscal year. 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 Revenue Recognition Standard and related standards were actually adopted from the beginning of the fiscal year ending March 2022, changing the method of recording the provision for points and related items. The impact on the financial statements was described as immaterial. - FY2022-Q1AchievedAnnual report
「We began applying the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2020, hereinafter the "Revenue Recognition Standard") and related standards from the beginning of the first-quarter consolidated accounting period. 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 Revenue Recognition Standard and related standards, which had been scheduled for adoption from the beginning of the fiscal year ending March 2022, were actually adopted from the beginning of the first-quarter accounting period. - FY2021AdvancedAnnual report
「Application of the Accounting Standard for Revenue Recognition and related standards will eliminate the provision for points granted on sales. When points are granted in connection with a sale, the sales amount will be allocated, based on the relative standalone selling prices, between (a) the performance obligation to provide the goods or services and (b) the performance obligation to provide goods or services in the future when the granted points are redeemed.」
The impact of applying the revenue recognition standard from the beginning of the fiscal year ending March 2022 was specified, including the elimination of the provision for points and allocation of the equivalent amount to performance obligations. - FY2019First statedAnnual report
「Scheduled adoption date for the Accounting Standard for Revenue Recognition and related standards: We will apply them from the beginning of the fiscal year ending March 2022.」
The policy to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022 was disclosed. The impact was stated to be under evaluation at that time.