Adoption of Revenue Recognition Accounting Standards
First written in FY2022-Q1. 1 of 2 entries say "Advanced", first in FY2022. Latest entry: FY2022.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the consolidated fiscal year. Revenue is now 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 for the full fiscal year and specifically changed its revenue recognition methods for points awarded and contract services. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other relevant standards were applied from the beginning of the current first quarter of the consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The company applied the revenue recognition accounting standard and other relevant standards from the beginning of the first quarter of the current consolidated fiscal year and changed its revenue recognition methods. The impact was described as immaterial.