Adoption of the Revenue Recognition Standard in the Fiscal Year Ending September 2022
First written in FY2019. 4 of 7 entries say "Restated". Latest entry: FY2023-Q3.
67 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The company has applied 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 previous fiscal year, and has changed its accounting treatment for revenue recognition.」
The company continues to disclose its application of the revenue recognition accounting standard and the change in its accounting treatment. - FY2023-Q1RestatedAnnual report
「The company has applied 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 previous fiscal year, and has changed its accounting treatment for revenue recognition.」
The company continues to disclose its application of the revenue recognition accounting standard and its impact on net sales from net presentation for agent transactions and other factors. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 company continues to disclose its application of the revenue recognition accounting standard from the beginning of the first quarter of the fiscal year. Net sales decreased substantially due to net presentation for agent transactions and other factors, while operating profit and other measures increased. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 company continues to disclose its application of the revenue recognition accounting standard and the impact on net sales and other items of time-apportioned recognition for advertising contracts guaranteeing placement for a specified period and net presentation for agent transactions. - FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the current fiscal year. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company applied the revenue recognition accounting standard from the beginning of the first quarter of the current fiscal year, rather than from the beginning of the fiscal year ending September 2022 as originally planned. Advertising contracts guaranteeing placement for a specified period were changed to time-apportioned recognition, and agent transactions to net presentation; the impact on net sales and other items was also specified. - FY2021Details of the application and its impactAnnual report
「Primarily in the internet advertising business, the company had previously recognized the total consideration received from customers as net sales. Following the application of the accounting standards for revenue recognition and related standards, for transactions in which the company and its consolidated subsidiaries act as agents, the company will recognize net sales on a net basis, deducting the amount paid to the advertising media from the total consideration received from customers. The company expects net sales and cost of sales to decrease as a result of this change.」
The company provided details of the planned application from the beginning of the fiscal year ending September 2022, including the change to net presentation for agent transactions and the expected decreases in net sales and cost of sales. - FY2019First statedAnnual report
「The company plans to apply it from the beginning of the fiscal year ending September 2022.」
The company plans to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending September 2022, and is assessing the impact.