Planned application of the Accounting Standard for Revenue Recognition for the fiscal year ending March 2022
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
65 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「In applying the Revenue Recognition Standard and other applicable guidance, the Company has followed the transitional treatment stipulated in the proviso to Paragraph 84 of the Revenue Recognition Standard. The cumulative effect of retrospective application of the new accounting policy before the beginning of the first-quarter consolidated accounting period was added to or deducted from retained earnings at the beginning of that period, and the new accounting policy has been applied from that opening balance.」
The transitional treatment continues to be applied to the Revenue Recognition Standard adopted from the beginning of the first-quarter consolidated accounting period. Transactions conducted as an agent were changed to net presentation, reducing both net sales and cost of sales for the current third-quarter consolidated cumulative period by ¥22.575 million. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other applicable guidance have been applied from the beginning of the current first-quarter consolidated accounting period. Revenue is 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 application of the Revenue Recognition Standard and other applicable guidance has had no impact on the quarterly consolidated financial statements.」
The Revenue Recognition Standard and other applicable guidance, which had previously been scheduled for application from the beginning of the fiscal year ending March 2022, were applied from the beginning of the current first-quarter consolidated accounting period. It is stated that there was no impact on the financial statements. - FY2021RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and the Implementation Guidance on Accounting Standard for Revenue Recognition (Implementation Guidance No. 30, 26 March 2021) are scheduled to apply from the beginning of the fiscal year ending March 2022.」
The plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022 has been reconfirmed. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and the Implementation Guidance on Accounting Standard for Revenue Recognition (Implementation Guidance No. 30, 31 March 2020) are scheduled to apply from the beginning of the fiscal year ending March 2022.」
The plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022 has been reconfirmed. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 30 March 2018) and the Implementation Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 30 March 2018) were scheduled to be applied from the beginning of the fiscal year ending March 2022.」
It is stated for the first time that the new accounting standard and implementation guidance on revenue recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact was still being assessed as of the preparation date.