Adoption of the Accounting Standard for Revenue Recognition in the Fiscal Year Ending March 2022
First written in FY2018. 2 of 4 entries say "Restated". Latest entry: FY2022-Q1.
23 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The company applied the revenue recognition accounting standard from the beginning of the first quarter of the fiscal year ending March 2022. There was no impact on profit or loss or retained earnings at the beginning of the fiscal year. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and the Implementation Guidance on Accounting Standard for Revenue Recognition (Implementation Guidance No. 30, 31 March 2020) are scheduled to apply from the beginning of the fiscal year ending March 2022.」
The planned application of the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022 has been reconfirmed. - FY2019RestatedAnnual report
「(2) Scheduled date of application: The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company reiterated its plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 30 March 2018) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Guidance No. 30, 30 March 2018) are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company stated that it planned to apply the five-step revenue recognition standard, including identifying contracts, identifying performance obligations and determining transaction prices, from the beginning of the fiscal year ending March 2022.