Preparing to Apply the Revenue Recognition Standard
First written in FY2021. 4 of 8 entries say "Restated". Latest entry: FY2026.
7 other companies' latest entry also says "Other".
- FY2026Updated Amount of Remaining Performance ObligationsAnnual report
「As of 31 March 2026, the total transaction price allocated to the remaining performance obligations related to extended warranty services was ¥274.309 million. The company expects to recognize revenue from these remaining performance obligations over the next 1 to 5 years as the extended warranty services are provided.」
The company disclosed ¥274.309 million in remaining performance obligations related to extended warranty services and its expectation of recognizing the related revenue over the next 1 to 5 years. - 2026-06-04RestatedGeneral Meetings of Shareholders
「Revenue from the remaining performance obligations is expected to be recognized over the next 1 to 5 years, during which the extended warranty services will be provided.」
For extended warranty services, the company continued its accounting treatment of recognizing revenue from the ¥274.309 million in remaining performance obligations over the next 1 to 5 years. - FY2025Specified the Remaining Performance ObligationsAnnual report
「As of 31 March 2025, the total transaction price allocated to the remaining performance obligations related to extended warranty services was ¥274.969 million. The company expects to recognize revenue from these remaining performance obligations over the next 1 to 5 years as the extended warranty services are provided.」
While continuing to apply the Revenue Recognition Standard, the company provided specific disclosure of ¥274.969 million in remaining performance obligations related to extended warranty services and its expectation of recognizing the related revenue over the next 1 to 5 years. - FY2022RestatedAnnual report
「As a result, for the current fiscal year, net sales decreased by ¥44.585 million and cost of sales decreased by ¥20.001 million, while operating income, ordinary income and profit before income taxes for the year each decreased by ¥24.584 million. The opening balance of retained earnings carried forward also decreased by ¥88.416 million.」
The company has continued applying the Revenue Recognition Standard and related standards throughout the fiscal year and disclosed the annual impact of net presentation for agent transactions, allocation of extended warranty revenue over the service period and recognition of points as contract liabilities. - FY2022-Q3RestatedAnnual report
「As a result, for the cumulative third quarter period, net sales decreased by ¥26.974 million and cost of sales decreased by ¥12.275 million, while operating income, ordinary income and profit before income taxes for the quarter each decreased by ¥14.698 million. The opening balance of retained earnings also decreased by ¥88.416 million.」
The company has continued applying the Revenue Recognition Standard and related standards from the beginning of the first quarter accounting period, with net presentation for agent transactions, allocation of extended warranty revenue over the service period and recognition of points as contract liabilities. It has updated its disclosure of the impact on the cumulative third quarter period. - FY2022-Q2RestatedAnnual report
「As a result, for the cumulative second quarter period, net sales decreased by ¥17.971 million and cost of sales decreased by ¥7.981 million, while operating income, ordinary income and profit before income taxes for the quarter each decreased by ¥9.989 million. The opening balance of retained earnings also decreased by ¥88.416 million.」
The company has continued applying the Revenue Recognition Standard and related standards from the beginning of the first quarter accounting period, with net presentation for agent transactions, allocation of extended warranty revenue over the service period and recognition of points as contract liabilities. It disclosed cumulative-period impacts of a ¥17.971 million decrease in net sales and a ¥88.416 million decrease in the opening balance of retained earnings. - FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter accounting period. 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. As a result, for some revenue from sales of prepaid gift certificates and similar products, revenue was previously recognized at the gross amount of consideration received from customers. For transactions in which the company's role in providing goods or services to customers qualifies as an agent, revenue is now recognized on a net basis, after deducting amounts paid to suppliers and others from the amount received from customers. In addition, revenue from extended warranty services offered as an option with sales of personal computers and other products was previously recognized at a point in time. Following consideration of the identification of performance obligations and the timing of their satisfaction, revenue is now recognized over time. Furthermore, under the company's customer loyalty points program, points are awarded based on members' purchase amounts and the corresponding goods or services are provided when the points are redeemed. Previously, an allowance for points was recorded for the amount expected to be used in the future, but the company has changed its method to recognize the points awarded as performance obligations to customers and record them as contract liabilities. As a result, for the cumulative first quarter period, net sales decreased by ¥8.212 million and cost of sales decreased by ¥3.544 million, while operating income, ordinary income and profit before income taxes for the quarter each decreased by ¥4.667 million. The opening balance of retained earnings also decreased by ¥88.416 million.」
The company began applying the Revenue Recognition Standard and related standards from the beginning of the fiscal year ending March 2022, changing its accounting treatment to net presentation for agent transactions, allocation of extended warranty revenue over the service period and recognition of points as contract liabilities. The impact on net sales for the quarter was a decrease of ¥8.212 million, and the impact on the opening balance of retained earnings was a decrease of ¥88.416 million. - FY2021First statedAnnual report
「The company plans to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022. The amount of the impact of applying these standards on the financial statements is currently being assessed.」
The company disclosed for the first time its plan to begin applying the new revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and stated that it is assessing the amount of the impact.