Application of the Revenue Recognition Accounting Standard
First written in FY2022-Q2. 2 of 4 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2026.
26 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Accounting Standard for Leases and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2028.」
The company continues to disclose plans to apply the new lease accounting standard and related standards from the beginning of the fiscal year ending March 2028. The amount of the impact is under evaluation. - FY2022AdvancedAnnual report
「As a result, in the consolidated statement of income for the current consolidated fiscal year, net sales decreased by ¥137.828 million, while gross profit and selling, general and administrative expenses decreased by ¥19.625 million. There was no impact on operating income, ordinary income, or income before income taxes.」
Regarding the application of the revenue recognition standard, the company disclosed the full-year impact on net sales and other items and that there was no impact on operating income and other profit items. - FY2022-Q3AdvancedAnnual report
「As a result, net sales, gross profit, and selling, general and administrative expenses for the nine months ended the third quarter decreased by ¥14.290 million, but there was no impact on operating loss, ordinary income, or loss before income taxes for the quarter.」
The company disclosed that, following the application of the revenue recognition standard from the first quarter, net sales, gross profit, and selling, general and administrative expenses for the nine months ended the third quarter decreased by ¥14.290 million, while profit items were unaffected. - FY2022-Q2First statedAnnual 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 Accounting Standard for Revenue Recognition and related standards were applied from the beginning of the first-quarter consolidated accounting period. For points equivalent to those in internet mail-order sales, revenue recognition was changed from recognizing the gross amount as selling, general and administrative expenses to recognizing revenue on a net basis, deducting the amount collected on behalf of third parties.