Application of the Revenue Recognition Standard from the Fiscal Year Ending November 2022
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2023-Q3.
126 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; the “Implementation Guidance on Accounting Standard for Fair Value Measurement”) from the beginning of the first quarter of the consolidated fiscal period. In accordance with the transitional treatment stipulated in paragraph 27-2 of the guidance, it will apply the new accounting policies prescribed by the guidance prospectively. There is no impact on the quarterly consolidated financial statements.」
The Company continues to apply the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the first quarter of the consolidated fiscal year and says it has had no impact on the financial statements. - FY2022-Q3RestatedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related 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 adopted from the beginning of the fiscal year ending November 2022, and says its impact on the cumulative third quarter was minor. - FY2022-Q1AchievedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards 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 the promised goods or services when control of those goods or services is transferred to the customer.」
The Company applied the revenue recognition standard, which had been scheduled for adoption in FY2019, from the beginning of the current first quarter accounting period. It changed the timing of license revenue recognition, recognized refund liabilities for referral fees, and changed the presentation of contract assets and contract liabilities, with only a minor impact on the current quarter. - FY2019First statedAnnual report
「(2) Scheduled date of adoption: The standard is scheduled to be applied from the beginning of the fiscal year ending November 2022. (3) Impact of applying the accounting standards and related guidance: The impact is currently being assessed in preparing the current consolidated financial statements.」
The Company plans to apply the revenue recognition standard from the beginning of the fiscal year ending November 2022 and is currently assessing its impact.