Adoption of the revenue recognition standard and changes in revenue recognition methods
First written in FY2022-Q1. 3 of 5 entries say "Restated". Latest entry: FY2023-Q2.
30 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「There were no significant changes to the assumptions concerning the effects of the spread of COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous fiscal year.」
It was reconfirmed that there had been no material change in the assumptions underlying the accounting estimates that the effects of the infectious disease would continue. - FY2022Updated Full-Year ImpactAnnual report
「Due to the application of the revenue recognition accounting standard and other relevant standards, revenue for the fiscal year decreased by ¥43.326 million, while operating loss and ordinary loss each increased by ¥18.417 million.」
The amounts of the effects of applying the revenue recognition accounting standard for the full fiscal year on revenue, operating loss and ordinary loss were disclosed. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the cumulative third quarter decreased by ¥32.686 million, selling, general and administrative expenses decreased by ¥22.433 million, and operating loss, ordinary loss and quarterly net loss before income taxes each increased by ¥10.252 million. In addition, the opening balance of retained earnings decreased by ¥3.513 million.」
The application of the revenue recognition accounting standard continued, and the amounts of its effects on revenue, selling, general and administrative expenses, losses and retained earnings for the cumulative third quarter were disclosed. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the cumulative second quarter decreased by ¥15.691 million, selling, general and administrative expenses decreased by ¥13.478 million, and operating loss, ordinary loss and quarterly net loss before income taxes each increased by ¥2.213 million. In addition, the opening balance of retained earnings decreased by ¥3.513 million.」
The application of the revenue recognition accounting standard continued, and the amounts of its effects on revenue, selling, general and administrative expenses, losses and retained earnings were disclosed. - FY2022-Q1First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; the “Revenue Recognition Standard”) and other relevant 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.」
We applied the revenue recognition accounting standard and other relevant standards from the beginning of the first quarter accounting period, and changed the recognition methods for room revenue, points for the accommodation network, and revenue from agency transactions.