Japan’s Revenue Recognition Accounting Standard Scheduled for Adoption in 2022
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2022-Q3.
4 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards have been applied since the first quarter of the current consolidated accounting period.」
The application from the first quarter of the revenue recognition accounting standard and related standards scheduled for adoption from the beginning of the fiscal year ending October 2022 continues to be assumed in the third quarter. The recognized amounts of inventory and liabilities related to transactions involving the provision of materials for a fee were ¥65 million each. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards have been applied since the first quarter of the current consolidated accounting period.」
The application from the first quarter of the revenue recognition accounting standard and related standards scheduled for adoption from the beginning of the fiscal year ending October 2022 continues to be assumed in the second quarter. - FY2022-Q1AdvancedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 accounting standard and related standards scheduled for application from the beginning of the fiscal year ending October 2022 began to be applied from the beginning of the first quarter of the current fiscal year. Accounting treatment requiring inventory and liabilities to continue to be recognized for transactions involving the provision of materials for a fee has also been introduced. - FY2019First statedAnnual report
「The “Accounting Standard for Revenue Recognition” and related standards are scheduled to be applied from the beginning of the fiscal year ending October 2022.」
The company disclosed for the first time that the Japanese revenue recognition accounting standard and related implementation guidance are scheduled to be applied from the beginning of the fiscal year ending October 2022, with the impact currently under assessment.