Adoption of the revenue recognition standard from the fiscal year ending March 2022
First written in FY2020. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
10 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter. 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. As a result, sales declined by ¥87.881 million during the cumulative first-quarter period, with selling, general and administrative expenses declining by the same amount. There was no impact on operating income or loss, ordinary income or loss, or quarterly income or loss before income taxes.」
The revenue recognition accounting standard, which had been scheduled for adoption from the fiscal year ending March 2022, was actually applied from the beginning of the quarter. The revenue recognition methods for Rakuten advertising products, LIVE JAPAN, the points program and other services were changed, reducing sales by ¥87.881 million, with no impact on operating income or loss or other profit and loss figures. - FY2020First statedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The Company stated that it planned to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2022, and that the impact on the consolidated financial statements was being evaluated at that time.