Planned Adoption of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2019. 3 of 6 entries say "Restated". Latest entry: FY2022.
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- FY2022RestatedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the current consolidated fiscal year, and recognizes revenue when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The Company continues to disclose its application of the accounting standard on revenue recognition from the beginning of the fiscal year ending March 2022, recognizing freight transportation revenue over a specified period and presenting amounts collected on behalf of third parties on a net basis. - FY2022-Q3RestatedAnnual report
「In addition, the Company has applied 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 consolidated fiscal year.」
The Company continues to apply the accounting standard on revenue recognition and related standards from the beginning of the first quarter of the current consolidated fiscal year. - FY2022-Q1AchievedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other relevant standards from the beginning of the first quarter of the current consolidated 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.」
The Company actually applied the accounting standard on revenue recognition, which had been scheduled for adoption from the beginning of the fiscal year ending March 2022, from the beginning of the first quarter of the current fiscal year. It also changed the recognition period for freight transportation revenue and the method of deducting amounts collected on behalf of third parties, stating that the impact on the financial statements was immaterial. - FY2021Disclosure that the impact of adoption is expected to be immaterialAnnual report
「The Company expects the impact of applying the standard to be immaterial.」
The Company continues to plan to apply the accounting standard on revenue recognition from the beginning of the fiscal year ending March 2022, and has explained that the impact of deducting amounts collected on behalf of third parties is expected to be immaterial. - FY2020RestatedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The Company continues to disclose that it plans to apply the accounting standards on revenue recognition and related standards from the beginning of the fiscal year ending March 2022, and that the impact is currently being evaluated. - FY2019First statedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The Company has disclosed that it plans to apply the accounting standard and implementation guidance on revenue recognition from the beginning of the fiscal year ending March 2022, and that it is currently evaluating the impact.