Change in the method of recognizing revenue due to the adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
91 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, revenue for the third quarter consolidated cumulative period decreased by ¥7,463 thousand, and operating profit, ordinary profit, and profit before income taxes for the quarter also each decreased by ¥7,463 thousand. There was no impact on the balance of retained earnings at the beginning of the fiscal year.」
The Company continued applying the Revenue Recognition Accounting Standard and disclosed that revenue and each profit measure for the third quarter cumulative period decreased by ¥7,463 thousand as a result. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the second quarter consolidated cumulative period decreased by ¥12,439 thousand, and operating profit, ordinary profit, and profit before income taxes for the quarter also each decreased by ¥12,439 thousand. There was no impact on the balance of retained earnings at the beginning of the fiscal year.」
The Company continued applying the Revenue Recognition Accounting Standard and disclosed that revenue and each profit measure for the second quarter cumulative period decreased by ¥12,439 thousand as a result. - FY2022-Q1First statedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the first quarter consolidated accounting period. 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. Accordingly, for center-function development projects aimed at acquiring specific merchants in the Group's business, the Company changed its method from recognizing the total consideration received from customers as revenue at a point in time to recognizing revenue over the period during which performance obligations are satisfied. As a result, revenue for the first quarter consolidated cumulative period decreased by ¥10,385 thousand, and operating profit, ordinary profit, and profit before income taxes for the quarter also each decreased by ¥10,385 thousand. There was no impact on the balance of retained earnings at the beginning of the fiscal year.」
The Company applied the Revenue Recognition Accounting Standard and other standards from the beginning of the current quarter, changing the revenue recognition method for certain center-function development projects from recognition at a point in time to recognition over a specified period. As a result, revenue, operating profit, ordinary profit, and profit before income taxes for the current quarter decreased by ¥10,385 thousand each, with no impact on retained earnings at the beginning of the fiscal year.