Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Compared with the figures before applying the Revenue Recognition Standard, operating revenue for the current consolidated fiscal year decreased by ¥12.199 million, operating expenses decreased by ¥20.850 million, and operating profit, ordinary profit, and profit before income taxes each increased by ¥8.650 million.」
The company continues to apply throughout the full fiscal year the Revenue Recognition Standard adopted in the previous fiscal year and discloses the method of treating points as performance obligations and its impact. - FY2022-Q3RestatedAnnual report
「As a result, operating revenue for the nine-month consolidated period of the third quarter decreased by ¥8.705 million, operating expenses decreased by ¥13.659 million, and operating profit, ordinary profit, and quarterly profit before income taxes each increased by ¥4.953 million. Retained earnings at the beginning of the period also increased by ¥5.595 million.」
The company continues to apply the Revenue Recognition Standard adopted from the beginning of the first quarter accounting period and discloses its impact on the nine-month period. This is not a new change in accounting policy. - FY2022-Q2RestatedAnnual report
「As a result, operating revenue for the six-month consolidated period of the second quarter decreased by ¥5.564 million, operating expenses decreased by ¥8.311 million, and operating profit, ordinary profit, and quarterly profit before income taxes each increased by ¥2.746 million. Retained earnings at the beginning of the period also increased by ¥5.595 million.」
The company continues to apply the Revenue Recognition Standard adopted from the beginning of the first quarter accounting period and discloses its impact on the six-month period. This is not a new change in accounting policy. - FY2022-Q1First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter. 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 transfers to the customer.」
The company applied the Revenue Recognition Standard from the beginning of the first quarter accounting period and changed to a method that recognizes points under its customer loyalty program as performance obligations. As a result of the application, operating revenue decreased by ¥3.171 million, operating expenses decreased by ¥3.960 million, operating profit and other measures increased by ¥788 thousand, and retained earnings at the beginning of the period increased by ¥5.595 million.