Application of the Revenue Recognition Accounting Standard and Allocation of Initial Fees Over Time
First written in FY2022-Q1. 5 of 6 entries say "Restated". Latest entry: FY2023.
9 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Revenue is recognised based on the amounts specified in the contracts, either evenly over a specified period or according to the volume of services used, depending on the terms of the contracts with customers.」
Following application of the revenue recognition standard, the method of recognising revenue over a specified period or based on usage, depending on the service provided, continues to be applied. - FY2023-Q3RestatedAnnual report
「Tax expense had traditionally been calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the quarterly consolidated accounting period, and multiplying quarterly profit before income taxes by that estimated effective tax rate. From the first quarter of the current fiscal year, however, following a review of the group's intra-group dividend policy, the proportion of items such as dividends from subsidiaries that are permanently excluded from taxable income in quarterly profit before income taxes for the cumulative third quarter became higher than the corresponding proportion used to calculate the annual estimated effective tax rate. Accordingly, it was determined that the method using the annual estimated effective tax rate would not appropriately reflect the consolidated group's results for the cumulative quarterly period, and the company changed to a simplified method of calculating tax expense similar to that used for the annual financial statements.」
The tax expense calculation method changed from the first quarter continued to be applied in the cumulative third quarter, and the comparative figures reflect retrospective application. - FY2022RestatedAnnual report
「As a result, initial fees received from customers upon entering into new contracts had been recognised as revenue at a point in time, but this has been changed, among other changes, to recognition over a specified period.」
The application of the revenue recognition standard and allocation of initial fees over the service period continue to be disclosed in the annual financial statements, with the cumulative impact on retained earnings at the beginning of the fiscal year shown as a decrease of ¥20.519 million. - FY2022-Q3RestatedAnnual report
「As a result, initial fees received from customers upon entering into new contracts had been recognised as revenue at a point in time, but this has been changed, among other changes, to recognition over a specified period.」
The policy of recognising initial fees over a specified period under the revenue recognition standard continues to be disclosed, with the impact on profit or loss for the cumulative third quarter of the current fiscal year described as immaterial. - FY2022-Q2RestatedAnnual report
「As a result, initial fees received from customers upon entering into new contracts had been recognised as revenue at a point in time, but this has been changed, among other changes, to recognition over a specified period.」
The application of the revenue recognition standard and allocation of initial fees over the service period continue to be disclosed, with the impact on profit or loss for the current cumulative quarter described as immaterial. - FY2022-Q1First statedAnnual report
「Initial fees received from customers upon entering into new contracts had been recognised as revenue at a point in time, but this has been changed, among other changes, to recognition over a specified period.」
The revenue recognition standard was applied from the beginning of the fiscal year, and the method of recognising initial fees as revenue was changed.