Application of New Accounting Standards, Including Revenue Recognition and Fair Value Measurement, to the Fiscal Year Ending May 2022
First written in FY2020. 2 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
35 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the current consolidated fiscal year」
The Revenue Recognition Standard, Fair Value Measurement Standard and related standards were applied throughout the fiscal year from the beginning of the fiscal year ending May 2022. Adoption of the Revenue Recognition Standard increased net sales by ¥3,876.998 million. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the "Revenue Recognition Standard") and related standards were adopted from the beginning of the current first quarter of the consolidated fiscal 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 Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019, hereinafter the "Fair Value Measurement Standard") and related standards were adopted from the beginning of the current first quarter of the consolidated fiscal period」
The Revenue Recognition Standard, Fair Value Measurement Standard and related standards, which had been scheduled for adoption from the beginning of the fiscal year ending May 2022, were actually adopted from the beginning of the current first quarter of the consolidated fiscal period. Adoption of the Revenue Recognition Standard and related standards increased quarterly net sales by ¥1,722.012 million, operating profit, ordinary profit and quarterly profit before income taxes and other adjustments by ¥421.707 million each, and the opening balance of retained earnings by ¥191.319 million. - FY2021RestatedAnnual report
「The scheduled adoption date for the Accounting Standard for Revenue Recognition and related standards is the beginning of the fiscal year ending May 2022." The scheduled adoption date for the Accounting Standard for Fair Value Measurement and related standards is the beginning of the fiscal year ending May 2022.」
The planned adoption from the beginning of the fiscal year ending May 2022 of the new accounting standards for revenue recognition, fair value measurement and financial instruments continues to be disclosed. - FY2020First statedAnnual report
「The scheduled adoption date for the Accounting Standard for Revenue Recognition and related standards is the beginning of the fiscal year ending May 2022." The scheduled adoption date for the Accounting Standard for Fair Value Measurement and related standards is the beginning of the fiscal year ending May 2022.」
It was disclosed that the new accounting standards for revenue recognition, fair value measurement and financial instruments were scheduled to be adopted from the beginning of the fiscal year ending May 2022.