Adoption of the Revenue Recognition Standard from the Fiscal Year Ending March 2022
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2022-Q3.
85 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, for the nine-month period ended the third quarter of the current consolidated fiscal year, revenue increased by ¥59,522 thousand, cost of sales increased by ¥15,019 thousand, and operating income, ordinary income and profit before income taxes increased by ¥44,502 thousand each. The opening balance of retained earnings also increased by ¥7,039 thousand.」
The Company continues to disclose the impact on revenue, profit and retained earnings for the nine-month period of applying the accounting standards for revenue recognition from the beginning of the first quarter of the consolidated fiscal year. - FY2022-Q2RestatedAnnual report
「As a result, for the six-month period ended the second quarter of the current consolidated fiscal year, revenue increased by ¥94,328 thousand, cost of sales increased by ¥15,102 thousand, and operating income, ordinary income and profit before income taxes increased by ¥79,225 thousand each. The opening balance of retained earnings also increased by ¥7,039 thousand.」
The Company specifically discloses the impact of applying the accounting standards for revenue recognition from the beginning of the fiscal year ending March 2022 on revenue and profit for the six-month period ended the second quarter. Adoption itself was completed in the previous quarter, so this is continued disclosure of its effects. - FY2022-Q1AchievedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related requirements from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized 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. Accordingly, for some courses for which revenue was previously recognized by allocating the total tuition fee evenly over the course period, the Company has changed its method to recognize revenue based on the number of lessons attended by the customer multiplied by the unit price.」
The Company applied the accounting standards for revenue recognition and related requirements from the beginning of the first quarter of the fiscal year ending March 2022 and changed its revenue recognition method for some courses to one based on the number of lessons attended. - FY2021RestatedAnnual report
「(2) Scheduled date of application Scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company plans to apply the accounting standards for revenue recognition and related requirements from the beginning of the fiscal year ending March 2022, and continues to assess the impact. - FY2020RestatedAnnual report
「The scheduled application date for the Accounting Standard for Revenue Recognition and related standards is the beginning of the fiscal year ending March 2022.」
The company plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and continues to evaluate its impact. - FY2019First statedAnnual report
「The Company plans to apply the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 30 March 2018) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Guidance No. 30, 30 March 2018) from the beginning of the fiscal year ending March 2022.」
The Company states for the first time that it plans to apply the accounting standards for revenue recognition and related requirements from the beginning of the fiscal year ending March 2022. The impact of adoption was still being assessed as of the preparation date of the consolidated financial statements.