Planned application of the Revenue Recognition Accounting Standard for the fiscal year ending February 2023
First written in FY2020. 2 of 4 entries say "Achieved", first in FY2022. Latest entry: FY2023-Q1.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
10 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The revenue recognition accounting standard was brought forward from its planned adoption in the fiscal year ending February 2023 and actually adopted from the beginning of the first quarter of the current consolidated fiscal year. - FY2022AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the consolidated fiscal year. Revenue is now 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.」
The revenue recognition accounting standard and related guidance were actually adopted from the beginning of the current consolidated fiscal year, and the methods used to recognize revenue from agency transactions, points and gift certificates were changed. - FY2022ReframedAnnual report
「(2) Scheduled date of application The standard is scheduled to be applied from the beginning of the fiscal year ending August 2022.」
The scheduled adoption date for the revenue recognition accounting standard has been brought forward from the beginning of the fiscal year ending February 2023 to the beginning of the fiscal year ending August 2022. - FY2020First statedAnnual report
「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 30 March 2018) and the “Implementation Guidance on Accounting Standard for Revenue Recognition” (ASBJ Guidance No. 30, 30 March 2018) are scheduled to be adopted from the beginning of the fiscal year ending February 2023.」
The company stated that it plans to adopt the new accounting standards and other guidance on revenue recognition from the beginning of the fiscal year ending February 2023.