Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022.
0 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “revenue recognition accounting standard”) and related standards from the beginning of the consolidated fiscal year and」
The company continued applying the revenue recognition accounting standard and disclosed the recognition methods and impact amounts for franchise membership fees, point program contributions and sponsorship income, among other items. - FY2022-Q2RestatedAnnual report
「As a result, for the six months ended in the second quarter of the current fiscal year, revenue increased by ¥8.359 million, cost of sales decreased by ¥9.720 million, and selling, general and administrative expenses decreased by ¥14.051 million, resulting in a ¥32.131 million increase in operating profit. However, non-operating income decreased by ¥23.283 million, while ordinary profit and profit before income taxes increased by ¥8.847 million each. The opening balance of retained earnings for the current fiscal year decreased by ¥31.111 million.」
The company continued to disclose the application of the revenue recognition accounting standard, which began in the first quarter, to franchise membership fees, point program contributions and sponsorship income, together with the impact for the six months ended in the second quarter. - FY2022-Q1First statedAnnual report
「The Company applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and other relevant standards from the beginning of the first quarter of the current 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.」
The company applied the revenue recognition accounting standard from 1 April 2021 and changed its recognition methods for point program contributions, franchise membership fees and sponsorship income. Revenue increased by ¥2.815 million, operating loss decreased by ¥13.542 million, and the opening balance of retained earnings decreased by ¥31.111 million.