Preparation for Adoption of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2019. 1 of 3 entries say "Restated". Latest entry: FY2022-Q1.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
11 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, hereinafter the “Revenue Recognition Standard”) and other 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 revenue recognition accounting standard scheduled for application from the beginning of the fiscal year ending March 2022 was actually applied from the beginning of the first quarter of the current consolidated fiscal year. For the points program in the hotel-related business, the company identified the points as performance obligations and changed to a method of deferring revenue recognition, but the impact on profit and loss was considered immaterial. - FY2020RestatedAnnual report
「(2) Scheduled application date The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standard and related requirements The amount of the impact was being assessed when these consolidated financial statements were prepared.」
The company continued to plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and to assess its impact. - FY2019First statedAnnual report
「This is a comprehensive accounting standard on revenue recognition. Revenue is recognized by applying the following 5 steps. Scheduled application date: The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact was being assessed when these consolidated financial statements were prepared.」
The company stated that it planned to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and was assessing its impact on the financial statements.