Adoption of the Revenue Recognition Standard from the Fiscal Year Ending March 2022
First written in FY2021. 1 of 3 entries say "Achieved", first in FY2022-Q2. Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. 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 company continues to apply, in the third quarter, the revenue recognition accounting standard and related guidance adopted from the beginning of the first quarter of the fiscal year. - FY2022-Q2AchievedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. 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 company applied the revenue recognition accounting standard and related guidance, as planned, from the beginning of the fiscal year ending March 2022. Disclosures include net presentation for transactions in which the company acts as an agent, revenue recognition as performance obligations are satisfied over time, and changes to the provision for product warranties. - FY2021First statedAnnual report
「The scheduled application date for the Accounting Standard for Revenue Recognition and related standards is the beginning of the fiscal year ending March 2022.」
The company planned to apply the revenue recognition accounting standard and related guidance from the beginning of the fiscal year ending March 2022, and indicated that the opening balance of retained earnings was expected to increase by ¥274 million.