Adoption of the revenue recognition accounting standard from the fiscal year ending March 2022
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2022-Q1.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
12 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 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 is transferred to the customer. As a result, revenue decreased by ¥66 million and cost of sales decreased by ¥59 million during the cumulative first quarter, while the impact on operating loss, ordinary loss and loss before income taxes was immaterial. The beginning balance of retained earnings also decreased by ¥39 million.」
The company actually applied the revenue recognition accounting standard and related guidance, which had been scheduled for application from the beginning of the fiscal year ending March 2022, from the beginning of the current first quarter. It also changed the recognition methods for returns, agent transactions and sales rebates, and disclosed the impact on revenue, cost of sales and beginning retained earnings. - FY2021RestatedAnnual report
「We will apply it from the beginning of the fiscal year ending March 2022.」
The company continues to disclose its plan to apply the accounting standard and other guidance on revenue recognition from the beginning of the fiscal year ending March 2022. - FY2020RestatedAnnual report
「We will apply it from the beginning of the fiscal year ending March 2022.」
The company continues to disclose its plan to apply the accounting standard on revenue recognition from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「We will apply it from the beginning of the fiscal year ending March 2022.」
The company disclosed for the first time its plan to apply the accounting standard and implementation guidance on revenue recognition from the beginning of the fiscal year ending March 2022, stating that the impact on the consolidated financial statements was still being assessed.