Preparing for Adoption of the Revenue Recognition Standard in the Fiscal Year Ending March 2022
First written in FY2019. 1 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2022-Q1.
26 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the first quarter of the current consolidated fiscal year. Key management indicators and other figures for the cumulative first quarter of the previous fiscal year and the previous consolidated fiscal year reflect retrospective application of those accounting standards and related guidance.」
The revenue recognition accounting standard, which had been scheduled for application from the beginning of the fiscal year ending March 2022, was applied from the beginning of the current first-quarter consolidated accounting period. - FY2021AdvancedAnnual report
「The company expects that applying the Accounting Standard for Revenue Recognition and related standards will not change the opening balance of retained earnings for the next consolidated fiscal year.」
The Company continued to plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and assessed that no change was expected in the opening balance of retained earnings for the following fiscal year as a result of its application. - FY2019First statedAnnual report
「The standard is scheduled to be adopted from the beginning of the fiscal year ending March 2022. The impact on the consolidated financial statements of adopting the Accounting Standard for Revenue Recognition and related guidance is currently being assessed.」
The Company first indicated plans to apply the new revenue recognition accounting standard from the beginning of the fiscal year ending March 2022, stating that the amount of its impact on the consolidated financial statements was under evaluation.