Preparing for Adoption of the New Accounting Standard for Revenue Recognition
First written in FY2018. 3 of 5 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「In addition, the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) has been applied from the beginning of the first quarter. For details, please refer to “IV. Financial Information, 1. Quarterly Consolidated Financial Statements, Notes (Changes in Accounting Policies).”」
The company has disclosed the continued application and impact in the third quarter of the revenue recognition accounting standard applied from the beginning of the first quarter. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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 transfers to the customer.」
The revenue recognition accounting standards and related standards, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were actually applied from the beginning of the current first quarter. As a result, revenue decreased by ¥1,277 million and operating profit and other items decreased by ¥34 million. - FY2021RestatedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is under assessment as of the preparation of these consolidated financial statements.」
The company continues to plan to apply the new revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and is currently assessing the impact. - FY2019RestatedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is under assessment as of the preparation of these consolidated financial statements.」
The company has reiterated its policy of planning to apply the new revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and is currently assessing the impact. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition were scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact was still being assessed when these consolidated financial statements were prepared.」
The company has disclosed that it plans to apply the new standard on revenue recognition from the fiscal year ending March 2022 and is assessing the amount of its impact.