Adoption of the Accounting Standard for Revenue Recognition
First written in FY2018. 1 of 4 entries say "Restated". Latest entry: FY2022-Q1.
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- FY2022-Q1AchievedAnnual report
「We have applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the first quarter of the current fiscal year, and recognize revenue 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.」
Implementing the plan to apply the Revenue Recognition Accounting Standard from the beginning of the fiscal year ending March 2022 and transitioning to a method of recognizing revenue when control is transferred. No cumulative impact on profit or loss arose. - FY2021AdvancedAnnual report
「(2) Scheduled date of application Scheduled to be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standard, etc. The impact is immaterial.」
Maintaining the planned application of the revenue recognition standard from the beginning of the fiscal year ending March 2022 and assessing the impact of application as immaterial. - FY2019RestatedAnnual report
「Revenue is recognized by applying the following 5 steps. Step 1: Identify the contract with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when, or as, the performance obligation is satisfied.」
Reconfirming the 5-step accounting treatment for revenue recognition, the planned application from the beginning of the fiscal year ending March 2022, and the assessment that the impact is being evaluated. - FY2018First statedAnnual report
「Revenue is recognized by applying the following 5 steps. Step 1: Identify the contract with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when, or as, the performance obligation is satisfied.」
Stating that the new revenue recognition standard provides a 5-step recognition method, is scheduled to be applied from the beginning of the fiscal year ending March 2022, and that the impact is being assessed.