Future Adoption of the Accounting Standard for Revenue Recognition
First written in FY2018. 1 of 3 entries say "Reframed", first in FY2021. Latest entry: FY2022-Q1.
23 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「We have applied the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year.」
The company applied the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022. - FY2021ReframedAnnual report
「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and the “Implementation Guidance on Accounting Standard for Revenue Recognition” (ASBJ Guidance No. 30, 26 March 2021) are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the revised revenue recognition standard and implementation guidance from the beginning of the fiscal year ending March 2022 and expects the impact to be immaterial. - FY2018First 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 applied from the beginning of the fiscal year ending March 2022. Revenue will be recognized by applying the following five steps.」
The company plans to apply the new revenue recognition standards from the beginning of the fiscal year ending March 2022 and describes a five-step recognition process, from identifying the contract through satisfying the performance obligations.