Planned adoption of the Accounting Standard for Revenue Recognition in 2021
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2022-Q2.
- FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 reconfirmed that it has applied the revenue recognition accounting standard from the beginning of the first quarter and stated that there was no impact on net sales, operating income or other items during the cumulative second quarter. - FY2022-Q1AchievedAnnual report
「The Group adopted the Accounting Standard for Revenue Recognition (ASBJ Statement 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 point when control of promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company began applying the revenue recognition accounting standard from the beginning of the first quarter of the fiscal year commencing 1 July 2021. It explained that there was no impact on net sales, operating income, ordinary income, quarterly net income or retained earnings at the beginning of the period. - FY2021RestatedAnnual report
「The company plans to apply the standard from the beginning of the consolidated fiscal year commencing on 1 July 2021.」
The company has reconfirmed its plan to apply the revenue recognition accounting standard from the beginning of the consolidated fiscal year commencing on 1 July 2021. - FY2019First statedAnnual report
「The company plans to apply the standard from the beginning of the consolidated fiscal year commencing on 1 July 2021.」
The company has, for the first time, explicitly stated its plan to apply the revenue recognition accounting standard from the beginning of the consolidated fiscal year commencing on 1 July 2021.