Preparing to Adopt New Accounting Standards for Revenue Recognition and Fair Value Measurement
First written in FY2020. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
The whole theme swung hardest in 2025: 7 of 77 companies on the "Worse" side.
22 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the current first quarter, and now recognize 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.」
For the Accounting Standard for Revenue Recognition and related standards, application progressed from the previous preparation stage to application at the beginning of the first quarter accounting period commencing 1 April 2021. Following application, revenue and cost of sales each decreased by ¥787 million, with no impact on profit. - FY2020First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards will be applied from the beginning of the fiscal year ending March 2022. The Accounting Standard for Fair Value Measurement and other standards will also be applied from the beginning of the fiscal year ending March 2022. The Accounting Standard for Disclosure of Accounting Estimates and the Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Errors will be applied from the end of the fiscal year ending March 2021.」
The implementation timing for new standards on revenue recognition, fair value measurement and disclosure of accounting estimates, among others, has been specified, while the amount of the impact is under evaluation or has not yet been determined.