Adoption of the Revenue Recognition Standard from the Fiscal Year Ending March 2022
First written in FY2021. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2023.
17 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「A consolidated overseas subsidiary applying U.S. GAAP has applied ASC 842, “Leases,” from the beginning of the current consolidated fiscal year. As a result, leases for lessees are generally recognized as assets and liabilities on the balance sheet.」
Application of ASC 842 has continued from the beginning of the current consolidated fiscal year, and the impact on assets, liabilities and other items at the beginning of the year was also disclosed. - FY2022-Q1AchievedAnnual report
「We have applied 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) (collectively, the “Revenue Recognition Accounting 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 Standards, scheduled for adoption in FY2021, were applied from the beginning of the first quarter of the current consolidated fiscal year. The presentation was changed to include contract assets, and the impact on beginning retained earnings, operating profit and ordinary profit was stated to be immaterial. - FY2021First statedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
We plan to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022, and expect the impact on the consolidated financial statements to be immaterial.