Changes in Revenue Recognition Methods and Contract Liabilities Resulting from the Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
21 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The adoption of the revenue recognition accounting standard and other requirements resulted in a ¥79 million decrease in net sales and decreases of ¥32 million each in operating income and ordinary income for the cumulative third quarter of the consolidated fiscal year.」
Continued applying the revenue recognition accounting standard adopted from the first quarter. For the cumulative third quarter, net sales decreased by ¥79 million, operating income and ordinary income each decreased by ¥32 million, and contract liabilities amounted to ¥1,718 million. - FY2022-Q2RestatedAnnual report
「The adoption of the revenue recognition accounting standard and other requirements resulted in a ¥34 million decrease in net sales and decreases of ¥10 million each in operating income and ordinary income for the cumulative second quarter of the consolidated fiscal year.」
Continued applying the revenue recognition accounting standard adopted from the first quarter, and disclosed its impact on the cumulative second-quarter results and contract liabilities of ¥1,710 million. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards, and began recognizing 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.」
Changed the revenue recognition methods for Tia no Kai membership fees, franchise fees and store-opening fees, and funeral revenue. As a result of adoption, first-quarter net sales decreased by ¥29 million, operating income and ordinary income each decreased by ¥14 million, and the beginning balance of retained earnings decreased by ¥1,642 million. The balance sheet now presents contract assets and contract liabilities.