Preparing to Apply the Revenue Recognition Accounting Standard for the Fiscal Year Ending February 2023
First written in FY2019. 2 of 7 entries say "Reframed", first in FY2021. Latest entry: FY2024-Q2.
2 other companies' latest entry also says "Reframed".
- FY2024-Q2ReframedAnnual report
「Regarding the impact of COVID-19, the company estimates based on the assumption that the impact will continue after August 2023, while sales will recover to a certain extent.」
The period used for the accounting estimate of the continuing impact of the infection was updated from after May 2023 to after August 2023, based on the assumption that the impact would continue while sales recovered. - FY2023Final update of the impact of applicationAnnual report
「As a result, net sales for the fiscal year decreased by ¥405.660 million, operating profit decreased by ¥5.899 million, ordinary profit decreased by ¥5.899 million, and loss before income taxes increased by ¥4.129 million.」
The company disclosed the full-year impact of applying the revenue recognition accounting standard, showing a ¥405.660 million decrease in net sales and ¥5.899 million decreases in operating profit and ordinary profit. - FY2023-Q3Update on the impact of adoptionAnnual report
「The Accounting Standard for Revenue Recognition and the Guidance on Accounting Standard for Revenue Recognition were applied from the beginning of the first quarter of the current fiscal year. As a result, net sales for the nine months ended the third quarter of the current fiscal year decreased by ¥266.669 million, operating loss decreased by ¥3.034 million, ordinary profit increased by ¥3.034 million, and profit before income taxes decreased by ¥3.034 million.」
The company updated the impact of applying the revenue recognition accounting standard, disclosing that for the nine months ended the third quarter, net sales decreased by ¥266.669 million and operating loss, ordinary profit and related items changed by ¥3.034 million. - FY2023-Q2Update on the impact of adoptionAnnual report
「As a result, net sales for the six months ended the second quarter of the current fiscal year decreased by ¥176.654 million, operating loss decreased by ¥7.460 million, and ordinary profit and profit before income taxes increased by ¥7.460 million.」
The company disclosed that, following application of the revenue recognition accounting standard, net sales decreased by ¥176.654 million, operating loss decreased by ¥7.460 million, and ordinary profit and related items increased by ¥7.460 million. - FY2023-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and the Guidance on Accounting Standard for Revenue Recognition were applied from the beginning of the first quarter of the current fiscal year. Revenue recognition for the company's loyalty points. Revenue recognition for coupons.」
The revenue recognition accounting standard, which had been scheduled for application from the beginning of the fiscal year ending January 2023, was applied from the beginning of the first quarter of the current fiscal year, changing the revenue recognition methods for points and coupons. Application of the standard reduced net sales by ¥76.379 million. - FY2021ReframedAnnual report
「The company planned to apply it from the beginning of the fiscal year ending January 2023.」
Following the change in the fiscal year-end from the end of February to the end of January, the planned timing for applying the revenue recognition accounting standard changed from the fiscal year ending February 2023 to the fiscal year ending January 2023. - FY2019First statedAnnual report
「Scheduled date for applying the Accounting Standard for Revenue Recognition and related standards: The company plans to apply them from the beginning of the fiscal year ending February 2023. The impact of applying these accounting standards is currently being assessed.」
The company planned to apply the revenue recognition accounting standard and related standards from the beginning of the fiscal year ending February 2023 and was assessing the impact on the financial statements.