Change in the Method of Recognizing Recruitment Advertising Revenue upon Application of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 3 of 6 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2026-H1.
7 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Excluding the impact of changing the revenue recognition method for IT staffing in India from gross to net following a review of the contract structure, both IT staffing in India and Vietnam recorded higher revenue and profit.」
The company continued to disclose the impact on revenue of changing the overseas business's recognition method from gross to net. - FY2025ReframedAnnual report
「In the overseas business, the review of contract terms changed the revenue recognition method from gross to net, reducing revenue by ¥925 million.」
Regarding revenue recognition, the company changed the overseas business's revenue recognition method from gross to net following a review of its contract terms. - FY2022AdvancedAnnual report
「As a result, for the consolidated fiscal year, revenue increased by ¥2,046 million, selling, general and administrative expenses increased by ¥2,543 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥496 million each.」
The company continued applying the revenue recognition standard throughout the fiscal year and disclosed the cumulative annual effects on revenue, selling, general and administrative expenses, operating profit and other items. - FY2022-Q3AdvancedAnnual report
「As a result, for the cumulative third-quarter period, revenue increased by ¥1,614 million, selling, general and administrative expenses increased by ¥1,795 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥181 million each. The opening balance of retained earnings also decreased by ¥1,098 million.」
The company continued to apply the revenue recognition standard and disclosed the specific effects on revenue, selling, general and administrative expenses, operating profit and other items, and retained earnings, for the cumulative third quarter. - FY2022-Q2AdvancedAnnual report
「As a result, for the cumulative second-quarter period, revenue increased by ¥879 million, selling, general and administrative expenses increased by ¥1,167 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥288 million each. The opening balance of retained earnings also decreased by ¥1,098 million.」
The company continued to apply the revenue recognition standard and disclosed the specific effects on revenue, selling, general and administrative expenses, operating profit and other items for the cumulative second quarter. - FY2022-Q1First statedAnnual report
「The company 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 is transferred to the customer. Accordingly, in the job advertising business, the group changed from recognizing the total consideration received from customers as revenue at a point in time to recognizing revenue over the period during which it satisfies its performance obligations. In addition, transactions involving the placement of job advertisements through agencies, which had previously been recognized on a net basis, are now recognized on a gross basis when the group is the principal.」
The company adopted the revenue recognition standard from 1 April 2021, changing the job advertising business from point-in-time recognition to recognition over a specified period, and agency transactions from net recognition to gross recognition when the company acts as principal. As a result of the adoption, quarterly revenue increased by ¥520 million, selling, general and administrative expenses increased by ¥559 million, operating profit and related figures decreased by ¥39 million, and the opening balance of retained earnings decreased by ¥1,098 million.