Response to the Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2018. 4 of 8 entries say "Restated". Latest entry: FY2022.
83 other companies' latest entry also says "Other".
- FY2022Finalization of the full-year impact of applying the revenue recognition standardAnnual report
「As a result, net sales for the consolidated fiscal year increased by ¥5,804 thousand, while operating income, ordinary income and income before taxes and other adjustments each increased by ¥5,804 thousand. In addition, the opening balance of retained earnings decreased by ¥16,354 thousand, while deferred tax assets increased by ¥2,724 thousand and advances received increased by ¥18,197 thousand as of the end of the consolidated fiscal year.」
The Company continued applying the Revenue Recognition Standard for the full fiscal year and disclosed the impact on net sales and income, retained earnings, deferred tax assets and advances received. - FY2022-Q3Update to the cumulative impact of applying the revenue-recognition standardAnnual report
「As a result, net sales for the nine months ended the current third quarter increased by ¥1,102 thousand, while operating income, ordinary income and income before taxes and other adjustments each increased by ¥1,102 thousand. In addition, the opening balance of retained earnings decreased by ¥16,354 thousand, while other investments and other assets increased by ¥7,647 thousand, other current liabilities increased by ¥17,091 thousand and other fixed liabilities increased by ¥5,807 thousand as of the end of the current third quarter of the consolidated fiscal year.」
The Company continued applying the Revenue Recognition Standard and disclosed the cumulative impact on net sales and other items, the opening balance of retained earnings and contract liabilities and other items for the nine-month period. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」
The Company has reiterated that it applied the Revenue Recognition Standard from the beginning of the first quarter of the consolidated fiscal year. For the six-month period, it disclosed a ¥4,556 thousand decrease in net sales and a ¥16,354 thousand decrease in the opening balance of retained earnings. - FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the current first quarter of the consolidated fiscal year. 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 is transferred to the customer. Accordingly, for membership fees and other fees in the Education Business and Sports Business, revenue was previously recognized when membership fees and other fees were received in the month the contract commenced. The Company now estimates a reasonable period over which the performance obligations are satisfied and recognizes revenue over that period based on the progress toward satisfaction of those obligations. Contract liabilities related to membership fees and other fees received are recorded as advances received.」
The Company applied the Revenue Recognition Standard from the beginning of the fiscal year ending March 2022. Membership fees and other fees were allocated over the period in which the performance obligations were satisfied, and contract liabilities were recorded as advances received. As a result of the application, first-quarter net sales decreased by ¥9,729 thousand and the opening balance of retained earnings decreased by ¥16,354 thousand. - FY2021RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company has reiterated its plan to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022. The impact remains under assessment. - FY2020RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company has reiterated its plan to apply the accounting standard for revenue recognition and related standards from the beginning of the fiscal year ending March 2022. The impact remains under assessment. - FY2019RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company has reiterated its plan to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022. The impact remains under assessment. - FY2018First statedAnnual report
「Scheduled application date: The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company planned to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022, with the impact of its application still under assessment as of the preparation date.