Preparation to Apply the Revenue Recognition Standard for the Fiscal Year Ending February 2023
First written in FY2020. 2 of 5 entries say "Restated". Latest entry: FY2023-Q3.
4 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the first-quarter consolidated accounting period, and now recognize revenue 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.」
The third-quarter disclosure continued to indicate that the Accounting Standard for Revenue Recognition, which had been scheduled for application from the beginning of the fiscal year ending February 2023, had already been applied. - FY2023-Q1AchievedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the current first-quarter consolidated accounting period, and now recognize revenue 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.」
The Accounting Standard for Revenue Recognition, which had been scheduled for application from the beginning of the fiscal year ending February 2023, was applied from the beginning of the current first-quarter consolidated accounting period. Transactions conducted as an agent are presented on a net basis, and sales discounts and purchase discounts are deducted from net sales and purchases, respectively. - FY2022RestatedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending February 2023. The amount of the impact is being assessed as of the preparation of these consolidated financial statements.」
The Accounting Standard for Revenue Recognition remains scheduled to be applied from the beginning of the fiscal year ending February 2023, and the impact continues to be assessed. - FY2021AdvancedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending February 2023. The amount of the impact is being assessed as of the preparation of these consolidated financial statements.」
The planned application of the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending February 2023 remained unchanged, and an additional disclosure stated that the impact of its application was being assessed. - FY2020First statedAnnual report
「This is a comprehensive accounting standard for revenue recognition. Revenue is recognized by applying the following 5 steps. Step 1: Identify the contract with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when, or as, the performance obligations are satisfied. The standard is scheduled to be applied from the beginning of the fiscal year ending February 2023.」
The disclosure on the Accounting Standard for Revenue Recognition set out the 5-step recognition method and stated that the standard was scheduled to be applied from the beginning of the fiscal year ending February 2023.