Application of the Accounting Standard for Revenue Recognition in the Fiscal Year Ending January 2023
First written in FY2019. 6 of 9 entries say "Restated". Latest entry: FY2024.
123 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020) and related standards have been applied from the beginning of the 93rd fiscal year. Accordingly, the key management indicators and other information for the 93rd fiscal year onward reflect application of these standards.」
The company has reconfirmed that the revenue recognition accounting standard was applied from the beginning of the 93rd fiscal year and that subsequent key indicators are presented under the post-application standards. - FY2023RestatedAnnual report
「As a result, net sales, gross profit and selling, general and administrative expenses for the current consolidated fiscal year increased by ¥2,597.685 million each, but there was no impact on operating income, ordinary income or profit before income taxes.」
The company disclosed for the full year the application of the revenue recognition accounting standard and changes to the method of recognizing consignment sales, sponsorship payments and other items. Net sales and other items increased by ¥2,597.685 million, while there was no impact on operating income or other items. - FY2023-Q3RestatedAnnual report
「We have applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020) 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. Accordingly, revenue from customers under consignment sales contracts was previously recognized at the delivery price. However, where the transaction qualifies as a sell-through transaction, revenue is recognized at the selling price to consumers, and the difference from the delivery price is recorded as selling, general and administrative expenses. In addition, certain sponsorship payments and other items previously recorded as selling, general and administrative expenses are now deducted from net sales. As a result, net sales, gross profit and selling, general and administrative expenses for the nine months ended the current third quarter increased by ¥1,758.807 million each.」
The company continues to disclose the application of the revenue recognition accounting standard and changes to the method of recognizing revenue from consignment sales, sponsorship payments and other items. Net sales and other items increased by ¥1,758.807 million, with no impact on operating income or other items. - FY2023-Q2RestatedAnnual report
「We have applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020) 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. Accordingly, revenue from customers under consignment sales contracts was previously recognized at the delivery price. However, where the transaction qualifies as a sell-through transaction, revenue is recognized at the selling price to consumers, and the difference from the delivery price is recorded as selling, general and administrative expenses.」
The company continues to disclose the application of the revenue recognition accounting standard and changes to the method of recognizing revenue from consignment sales and other transactions. For the six months ended the current second quarter, net sales, gross profit and selling, general and administrative expenses each increased by ¥1,319.166 million, with no impact on operating income or other items. - FY2023-Q1AchievedAnnual report
「In addition, we have applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current consolidated fiscal year.」
The revenue recognition accounting standard, which had been scheduled for application from the beginning of the fiscal year ending January 2023, was applied from the beginning of the first quarter of the current consolidated fiscal year. The method of recognizing revenue from consignment sales and other transactions was changed, increasing net sales and other items by ¥699.963 million, with no impact on operating income or other items. - FY2022RestatedAnnual report
「(2) Scheduled date of application The standard is scheduled to be applied from the beginning of the fiscal year ending January 2023. (3) Impact of applying the accounting standard and related standards The impact on the financial statements of applying the Accounting Standard for Revenue Recognition and related standards is currently being assessed.」
The company continues to plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending January 2023 and states that it is still assessing the impact. - FY2021RestatedAnnual report
「(2) Scheduled date of application The standard is scheduled to be applied from the beginning of the fiscal year ending January 2023. (3) Impact of applying the accounting standard and related standards The impact on the financial statements of applying the Accounting Standard for Revenue Recognition and related standards is currently being assessed.」
The company continues to plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending January 2023 and states that it is still assessing the impact. - FY2020AdvancedAnnual report
「We recorded ¥2.980 million in non-audit fees paid to Deloitte Touche Tohmatsu LLC for advice and guidance on preparing to apply the revenue recognition accounting standard.」
While maintaining the planned application of the revenue recognition accounting standard from the fiscal year ending January 2023, the company states that it received advice and guidance on preparations for application. - FY2019First statedAnnual report
「The standard will be applied from the beginning of the fiscal year ending January 2023. The impact on the financial statements of applying the Accounting Standard for Revenue Recognition and related standards is currently being assessed.」
The company plans to apply the revenue recognition accounting standard, which had not yet been adopted, from the beginning of the fiscal year ending January 2023, and is assessing its impact on the financial statements.