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Shimadzu (7701) · PolicyRestated

Preparation to Apply the Revenue Recognition Standard from the Fiscal Year Ending March 2021

First written in FY2020. 5 of 7 entries say "Restated". Latest entry: FY2022-Q2.

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ProgressHeldSoftenedWorseAchievedFY2021-Q1RestatedFY2021-Q2 – FY2022-Q22020: 320202021: 42021
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対応 to the 2022 Adoption of the Revenue Recognition Accounting StandardA theme 618 companies write about · 16 as a headwind · 1 as a tailwind
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Showing 14 of the 200 companies compared. The sentences above are computed from all 200.Comparing 200 of the theme's 618 threads.
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  1. FY2022-Q2RestatedAnnual report

    「The company and its domestic consolidated subsidiaries have applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 30 March 2018) and related standards from the beginning of the first quarter of the previous consolidated fiscal year. Accordingly, applying 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 had no impact on the quarterly consolidated balance sheet, quarterly consolidated income statement or other statements.」

    The Company continues to apply the accounting standards for revenue recognition and related standards, and has explained that their application has no impact on the financial statements.
  2. FY2022-Q1RestatedAnnual report

    「Because our company and its domestic consolidated subsidiaries had applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 30 March 2018) and other standards from the beginning of the first quarter of the previous fiscal year, applying the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and other standards from the beginning of the first quarter of the current fiscal year had no impact on the quarterly consolidated balance sheet, quarterly consolidated income statement, or other statements.」

    Because the revenue recognition accounting standard and related standards have been applied from the beginning of the first quarter of the previous fiscal year, the company explains that the application of the revised standards has no impact on the financial statements for the current quarter.
  3. FY2021RestatedAnnual report

    「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, issued on 30 March 2018; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards have been applied from the beginning of the current consolidated fiscal year in accordance with the transitional treatment.」

    The accounting policy of applying the Accounting Standard for Revenue Recognition and other standards from the beginning of the current consolidated fiscal year has also been confirmed for the full year.
  4. FY2021-Q3RestatedAnnual report

    「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, issued on 30 March 2018; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards have been applied from the beginning of the first-quarter consolidated accounting period in accordance with transitional treatment, affecting the financial position and operating results.」

    The accounting policy of applying the Revenue Recognition Accounting Standard and other standards from the beginning of the fiscal year ending March 2021 continues.
  5. FY2021-Q2RestatedAnnual report

    「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, issued on 30 March 2018; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards have been applied from the beginning of the first-quarter consolidated accounting period in accordance with transitional treatment, affecting the financial position and operating results.」

    The policy of applying the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2021 continued in the second quarter under review.
  6. FY2021-Q1AchievedAnnual report

    「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, issued on 30 March 2018) and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year in accordance with the transitional treatment.」

    The Accounting Standard for Revenue Recognition and related standards, scheduled to be applied from the beginning of the fiscal year ending March 2021, were actually applied from the beginning of the current first-quarter consolidated accounting period.
  7. FY2020First statedAnnual report

    「(2) Scheduled adoption date: We will apply the standard from the beginning of the fiscal year ending March 2021.」

    First disclosure of the plan to apply the revenue recognition standards from the beginning of the fiscal year ending March 2021, with the impact still under evaluation.
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Preparation to Apply the Revenue Recognition Standard from the Fiscal Year Ending March 2021 | Shimadzu Corporation (7701) | Komori