Application of the Accounting Standard for Revenue Recognition, etc., and Change in Presentation to Contract Liabilities
First written in FY2023-Q1. 1 of 3 entries say "Restated". Latest entry: FY2023-Q3.
5 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter of the current fiscal year, net sales increased by ¥62.625 million, cost of sales increased by ¥83.432 million, and selling, general and administrative expenses decreased by ¥64.644 million. Operating loss, ordinary loss and net loss before taxes for the period each decreased by ¥43.837 million. In addition, the beginning balance of retained earnings decreased by ¥43.837 million.」
The Company continues to disclose the impact of applying the revenue recognition accounting standard and related standards on profit or loss and retained earnings for the nine months ended the third quarter. - FY2023-Q2Disclosure of the Impact of AdoptionAnnual report
「As a result, for the six months ended the second quarter of the current fiscal year, net sales increased by ¥62.625 million, cost of sales increased by ¥61.972 million, and selling, general and administrative expenses decreased by ¥61.972 million. Operating loss, ordinary loss and net loss before taxes for the period each decreased by ¥62.625 million. In addition, the beginning balance of retained earnings decreased by ¥43.837 million.」
The Company specifically disclosed the impact of applying the revenue recognition accounting standard and related standards on net sales and loss for the six months ended the second quarter, as well as the decrease in the beginning balance of retained earnings. - FY2023-Q1First statedAnnual report
「As a result, whereas the Company previously recognized as a liability the cost-equivalent amount of the expected future use of meal vouchers exchanged under the points program associated with the former membership card system, from the beginning of the first quarter of the current fiscal year it changed to recognizing the expected future use of meal vouchers as contract liabilities. The points program ended at the end of February 2022, and meal vouchers exchanged under the points program were valid for use through the end of June 2022.」
In connection with applying the revenue recognition accounting standard and related standards, the Company changed its method to recognize the expected future use of meal vouchers under the former membership card points program as contract liabilities. The points program ended at the end of February 2022, and the exchanged meal vouchers were valid for use through the end of June 2022.