Preparing to Apply the Revenue Recognition Accounting Standard
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2022-Q2.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
98 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The company continues to apply the revenue recognition accounting standard and has applied the treatment of recognising revenue when control is transferred to customers in the current quarter as well. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were applied 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 standard was adopted from 1 April 2021, transitioning from the preparation phase to the implementation phase. - FY2021AdvancedAnnual report
「(2) Scheduled application date The standard will be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standards and guidance There will be no impact on retained earnings at the beginning of the following consolidated fiscal year.」
The company has disclosed that the planned adoption date for the revenue recognition accounting standard has been specified as the beginning of the fiscal year ending March 2022, with no impact on retained earnings at the beginning of the following fiscal year. - FY2019RestatedAnnual report
「The company plans to apply the standard from the beginning of the fiscal year ending March 2022. The amount of the impact of applying these accounting standards and guidance is still being assessed in preparing the consolidated financial statements.」
The company continues to plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and to assess its impact. - FY2018First statedAnnual report
「The company plans to apply the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 30 March 2018) and the “Guidance on Accounting Standard for Revenue Recognition” (Accounting Standard Application Guidance No. 30, 30 March 2018) from the beginning of the fiscal year ending March 2022. The amount of the impact of applying these accounting standards and guidance is still being assessed in preparing the consolidated financial statements.」
The company plans to apply the new accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022 and is assessing its impact on the financial statements.