Application of New Standards on Revenue Recognition, Fair Value Measurement, Accounting Estimates and Other Matters
First written in FY2020. 2 of 5 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
102 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the current consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The Revenue Recognition Accounting Standard, which had been scheduled for application in the previous fiscal year, was actually applied from the beginning of the fiscal year ending March 2022. - FY2022-Q3RestatedAnnual report
「Following the application of the Revenue Recognition Accounting Standard, the accounting treatment for transactions involving customer-supplied materials was changed. Previously, the company recognized the derecognition of materials supplied for consideration, but when it has an obligation to repurchase the supplied materials, it does not recognize their derecognition.」
The Revenue Recognition Accounting Standard applied from the first quarter and the change in accounting treatment for transactions involving customer-supplied materials continue to be disclosed. - FY2022-Q2RestatedAnnual report
「Following the application of the Revenue Recognition Accounting Standard, the accounting treatment for transactions involving customer-supplied materials was changed. Previously, the company recognized the derecognition of materials supplied for consideration, but when it has an obligation to repurchase the supplied materials, it does not recognize their derecognition.」
For the Revenue Recognition Accounting Standard applied from the first quarter, the change in accounting treatment for transactions involving customer-supplied materials and its impact on the cumulative second-quarter period continue to be disclosed. - FY2022-Q1AdvancedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the Revenue Recognition Accounting Standard) and other standards were applied from the beginning of the first quarter 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 is transferred to the customer. The Accounting Standard for Fair Value Measurement (Accounting Standard No. 30, 4 July 2019; hereinafter, the Fair Value Measurement Accounting Standard) and other standards were applied from the beginning of the first quarter of the current consolidated fiscal year, and the new accounting policies prescribed by the Fair Value Measurement Accounting Standard and other standards have been applied prospectively.」
The Revenue Recognition Accounting Standard and the Fair Value Measurement Accounting Standard, which had been scheduled for application in the previous fiscal year, were actually applied from the beginning of the current first quarter. - 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, while the Accounting Standard for Disclosure of Accounting Estimates and other standards will be applied from the end of the fiscal year ending March 2021.」
The company indicated that standards concerning revenue recognition, fair value measurement, disclosure of accounting estimates and disclosure of accounting policies were scheduled to be applied from the end of the fiscal year ending March 2021 or the beginning of the fiscal year ending March 2022, with the impact still under assessment.