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.
20 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, there was no impact on income or loss for the cumulative first quarter of the current consolidated fiscal year. There was also no impact on the beginning balance of retained earnings.」
The company applied the revenue recognition accounting standard from 1 April 2021, rather than from the beginning of the fiscal year ending March 2022 as originally planned. It explained that there was no impact on income or loss or on the beginning balance of retained earnings. - FY2021RestatedAnnual report
「The revenue recognition standard and related standards will be adopted from the beginning of the fiscal year ending March 2022.」
The company continues to plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022. The impact is being assessed. - FY2020RestatedAnnual report
「The company is currently assessing the impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and related standards. The standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company continues to explain that it plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and is assessing the impact. - FY2019First statedAnnual report
「The company is currently assessing the impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and related standards. The standards are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company indicated plans to apply the revenue recognition accounting standard and related standards from the beginning of the fiscal year ending March 2022 and stated that it was assessing the impact on the financial statements.