Timing and Impact of Adopting the Revenue Recognition Standard Remain Undetermined
First written in FY2018. 2 of 6 entries say "Restated". Latest entry: FY2022-Q3.
83 other companies' latest entry also says "Other".
- FY2022-Q3Updated Impact of Applying the Accounting StandardAnnual report
「As a result, revenue for the cumulative third-quarter period decreased by ¥346 million, cost of sales decreased by ¥254 million, and gross profit, operating profit, ordinary profit and profit before income taxes for the quarter each decreased by ¥91 million. In addition, the beginning balance of retained earnings decreased by ¥29 million.」
The company updated the impact of applying the revenue recognition accounting standard for the cumulative third-quarter period and disclosed that revenue decreased by ¥346 million and operating profit and other items decreased by ¥91 million. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the cumulative second-quarter period decreased by ¥246 million, cost of sales decreased by ¥174 million, and gross profit, operating profit, ordinary profit and profit before income taxes for the quarter each decreased by ¥72 million.」
The company updated the impact of applying the revenue recognition accounting standard and disclosed that revenue and other items decreased during the cumulative period of the current quarter. - FY2022-Q1AchievedAnnual report
「We applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the current first-quarter consolidated accounting period.」
The revenue recognition accounting standard scheduled for the previous fiscal year was applied from the beginning of the current quarter. Points were recognized as performance obligations, reducing revenue by ¥604 million. - FY2021AdvancedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending October 2022. Points granted as future discounts will be recognized as performance obligations to customers, with contract liabilities recorded and transferred to revenue when customers use the points as discounts」
The application timing for the revenue recognition accounting standard has been clarified, and the main impact, namely the recognition of points as contract liabilities, has also been disclosed. The amount of the impact continues to be assessed. - FY2019RestatedAnnual report
「The scheduled date for applying the Accounting Standard for Revenue Recognition and other related standards has not been determined. The impact of applying the Accounting Standard for Revenue Recognition and other related standards on the consolidated financial statements is currently being assessed.」
The company continues to disclose that the timing of application of the revenue recognition accounting standard has not been determined and that its impact on the financial statements is being assessed. - FY2018First statedAnnual report
「The scheduled date for applying the Accounting Standard for Revenue Recognition and other related standards has not been determined. The impact of applying the Accounting Standard for Revenue Recognition and other related standards on the consolidated financial statements is currently being assessed.」
The company discloses that the application date for the revenue recognition accounting standard has not been determined and that its impact on the financial statements is being assessed.