Application of the Accounting Standard for Revenue Recognition in the Fiscal Year Ending March 2022
First written in FY2019. 1 of 3 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2022-Q2.
- FY2022-Q2RestatedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related 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. As a result, there was no impact on profit or loss for the six-month period ended the second quarter or on retained earnings at the beginning of the fiscal year.」
The company applied the Revenue Recognition Accounting Standard and related standards from the first quarter of the fiscal year ending March 2022, reaffirming that there was no impact on profit or loss for the six-month period ended the second quarter or on retained earnings at the beginning of the fiscal year. - FY2022-Q1AdvancedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the first quarter of the current consolidated fiscal year.」
The company began applying the Revenue Recognition Accounting Standard and related standards from the beginning of the first quarter of the fiscal year ending March 2022, rather than FY2019 as originally planned. The application had no impact on profit or loss for the quarter or retained earnings at the beginning of the fiscal year. - FY2019First statedAnnual report
「We will apply it from the beginning of the fiscal year ending March 2022.」
The company plans to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2022, and is assessing the impact on the consolidated financial statements.