Application of the Revenue Recognition Standard from the Fiscal Year Ending November 2022
First written in FY2019. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
6 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards have been applied from the beginning of the first-quarter consolidated accounting period. 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 Standard and related standards, which had been scheduled for application from the beginning of the fiscal year ending November 2022, were applied from the beginning of the first-quarter consolidated accounting period. Certain transactions in the related businesses were changed to net recognition as agent transactions. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending November 2022.」
The company stated for the first time that it plans to apply the Accounting Standard for Revenue Recognition and the related implementation guidance from the beginning of the fiscal year ending November 2022. The impact is currently being assessed.