Preparation for Adoption of the Revenue Recognition Standard
First written in FY2019. 1 of 4 entries say "Restated". Latest entry: FY2022-Q1.
14 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020; hereinafter the “Revenue Recognition Standard”) and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The Revenue Recognition Accounting Standard, which had been scheduled to apply from the beginning of the fiscal year ending March 2022, was applied from the beginning of the first quarter of the current fiscal year. - FY2021AdvancedAnnual report
「The principal impacts of applying these accounting standards are expected to be as follows, and no impact on retained earnings is expected. ① Deduction of part of the consideration paid to customers … ② Presentation on a net basis of transactions for which the fee component is determined to be recognized as net sales」
The Company has provided details of the changes under the Accounting Standard for Revenue Recognition, scheduled to apply from the beginning of the fiscal year ending March 2022, including deducting consideration paid to customers from net sales and presenting fee transactions on a net basis. No impact on retained earnings is expected. - FY2020RestatedAnnual report
「(2) Scheduled adoption date The standards will be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standards and related guidance The impact of applying the Accounting Standard for Revenue Recognition and other standards on the consolidated financial statements is currently being assessed.」
The revenue recognition accounting standard is scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of its impact continues to be assessed. - FY2019First statedAnnual report
「The new requirements are scheduled to apply from the beginning of the fiscal year ending March 2022. The Company is currently assessing the impact of applying the Accounting Standard for Revenue Recognition and other standards on the consolidated financial statements.」
The Accounting Standard for Revenue Recognition and other standards are scheduled to apply from the beginning of the fiscal year ending March 2022, and the impact on the financial statements is currently being assessed.