Komori
Nippon Tungsten (6998) · InitiativeAchieved

Preparation for Applying the Revenue Recognition Accounting Standard in the Fiscal Year Ending March 2022

First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2022-Q1.

4entries
3years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2019 – FY20212019: 120192020: 120202021: 22021
Same theme, other companies
General implementation of the Accounting Standard for Revenue Recognition (no impact)A theme 69 companies write about · 0 as a headwind · 0 as a tailwind

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

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Showing 14 of the 69 companies compared. The sentences above are computed from all 69.
Full recordFilings, disclosures and news, newest first
  1. FY2022-Q1AchievedAnnual report

    「We have applied the Accounting Standard for Revenue Recognition and other relevant standards from the beginning of the first quarter of the current fiscal year. Key management indicators for the six months ended 30 June reflect application of these standards.」

    The Accounting Standard for Revenue Recognition, which had been scheduled for adoption from the beginning of the fiscal year ending March 2022, was actually adopted from 1 April 2021. The impact on the quarterly consolidated financial statements was described as immaterial.
  2. FY2021RestatedAnnual report

    「(2) Scheduled adoption date: The standard is scheduled to be adopted from the beginning of the fiscal year ending March 2022. (3) Impact of adopting the accounting standard and other standards: The impact of adopting the standard is expected to be immaterial.」

    The disclosure was updated to state that the Accounting Standard for Revenue Recognition is scheduled to be adopted from the beginning of the fiscal year ending March 2022 and that the impact is expected to be immaterial.
  3. FY2020RestatedAnnual report

    「(2) Scheduled date of application: Application is scheduled to begin at the start of the fiscal year ending March 2022. (3) Impact of application of the accounting standard, etc.: The impact is being assessed as of the preparation of these consolidated financial statements.」

    The Group reconfirmed that it plans to adopt the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022 and is evaluating the impact.
  4. FY2019First statedAnnual report

    「The company planned to adopt the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018) from the beginning of the fiscal year ending March 2022.」

    The planned adoption of the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022 was disclosed for the first time.
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When this could move next
Nippon Tungsten's next results are scheduled for 2026-11-11. Read the earnings preview
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