Change in revenue recognition following adoption of the revenue recognition standard
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q2.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
49 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the first quarter, and now recognize revenue at the amount expected to be received in exchange for 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 adopted from the first quarter in the current quarter. It states that the changes, including net recognition of agent transactions and recognition of a refund liability for recruitment service revenue subject to an early-retirement refund clause, had no material impact. - FY2022-Q1First statedAnnual report
「We 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 and began recognizing revenue 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.」
Adopted the revenue-recognition standards from the beginning of the first quarter. Agent transactions are recognized on a net basis, while revenue from personnel-placement contracts with early-retirement refund clauses is recognized with a refund liability and the related personnel-acceptance costs are capitalized. No material impact was reported.