Application of the New Revenue Recognition Standard and Other Standards in the Fiscal Year Ending August 2022
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
36 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards 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 Company also applied the fair value measurement accounting standard and other standards from the beginning of the first quarter of the current consolidated fiscal year, applying the new accounting policies prescribed by those standards prospectively.」
The Company applied the Revenue Recognition Accounting Standard, fair value measurement accounting standard and other standards, which had been scheduled for application in the following fiscal year, from the beginning of the first quarter. It stated that there was no impact on the financial statements. - FY2021First statedAnnual report
「Scheduled for adoption from the beginning of the fiscal year ending August 2022.」
The revenue recognition standard, fair value measurement accounting standard and other standards are scheduled to be applied from the beginning of the fiscal year ending August 2022, with the impact expected to be immaterial.