Planned Adoption of the New Revenue Recognition Standard and Other Standards for the Fiscal Year Ending September 2022
First written in FY2020. 1 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q2.
- FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other standards have been applied from the beginning of the first quarter of the consolidated fiscal year, and the key management indicators for the cumulative second-quarter period reflect the application of those accounting standards.」
The application of the new revenue recognition standard and other standards, which began in the first quarter, continued in the second quarter. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the current first quarter of the consolidated fiscal year. Accordingly, the key management indicators and other information for the cumulative first quarter reflect application of these accounting standards and related standards.」
The company began applying the new revenue recognition standard and other standards from the first quarter of the 50th fiscal year, which began on 21 September 2021, earlier than the previously scheduled fiscal year ending June 2022. As a result of the adoption, sales increased by ¥128 million and operating profit and other measures increased by ¥31 million. - FY2021Update to adoption timingAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending June 2022.」
The scheduled adoption of the new revenue recognition standard and other standards was updated from the beginning of the fiscal year ending September 2022 to the beginning of the fiscal year ending June 2022, and the impact on the financial statements was deemed immaterial. - FY2020First statedAnnual report
「The scheduled date for adopting the Accounting Standard for Revenue Recognition and other standards is the beginning of the fiscal year ending September 2022.」
The company disclosed that it planned to adopt the new revenue recognition standard and other standards from the beginning of the fiscal year ending September 2022, and that the impact on the consolidated financial statements was still being assessed.