Adoption of the Revenue Recognition Standard in the Fiscal Year Ending February 2022
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2025.
4 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The presentation method has been changed so that consideration payable to customers is deducted from net sales.」
Following application of the Revenue Recognition Standard, the Company continues to deduct consideration payable to customers from net sales rather than present it under selling, general and administrative expenses. - FY2022-Q3RestatedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards from the beginning of the first quarter of the consolidated 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. Accordingly, in the real estate sales business, consideration payable to customers that was previously recorded as selling, general and administrative expenses under selling expenses is now presented as a deduction from net sales.」
The Company continues to apply the Revenue Recognition Standard from the beginning of the first quarter of the consolidated fiscal year and to present consideration payable to customers as a deduction from net sales. - FY2022-Q2RestatedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards from the beginning of the first quarter of the consolidated 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 continues to apply the Revenue Recognition Standard from the beginning of the first quarter of the consolidated fiscal year. Consideration payable to customers is presented as a deduction from net sales. - FY2022-Q1AchievedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards from the beginning of the first quarter of the current consolidated 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 Revenue Recognition Standard, which was scheduled to be applied from the beginning of the fiscal year ending February 2022, was applied from the beginning of the first quarter of the current consolidated fiscal year. Consideration payable to customers is presented as a deduction from net sales. - FY2021First statedAnnual report
「(2) Scheduled date of application: The standard will be applied from the beginning of the fiscal year ending February 2022. (3) Impact of application: In the real estate sales business, amounts paid to customers had previously been recorded as selling, general and administrative expenses under sales promotion expenses. Upon application of the revenue recognition standard, these amounts paid to customers will be deducted from revenue.」
The company planned to apply the revenue recognition standard from the beginning of the fiscal year ending February 2022 and present amounts paid to customers as deductions from revenue rather than selling, general and administrative expenses.