Adoption of the revenue recognition accounting standard from FY2022
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2024.
64 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2025.」
The company continues to plan to apply the revised accounting standards concerning corporate income taxes, presentation of comprehensive income and tax-effect accounting from the beginning of the fiscal year ending March 2025. - FY2023RestatedAnnual report
「For points granted to customers when products are sold, the group identifies them as performance obligations because they provide customers with the right to receive discounts when they use the points in the future」
Following adoption of the Revenue Recognition Standard, the company continues to present points as performance obligations under contract liabilities and recognize revenue when the points are used. - FY2022RestatedAnnual report
「The Revenue Recognition Standard and other standards were applied from the beginning of the current consolidated fiscal year. Revenue from contracts with customers is recognized when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services.」
The Revenue Recognition Standard was applied from the beginning of the fiscal year ending March 2022, and the company continues to present points as performance obligations under contract liabilities. - FY2022-Q2RestatedAnnual report
「As a result, net sales, operating income, ordinary income and profit before income taxes for the cumulative second quarter decreased by ¥323 thousand, respectively.」
Regarding the Revenue Recognition Standard applied from the beginning of FY2022-Q1, the company disclosed the treatment of points as performance obligations, their presentation as contract liabilities, and the impact on the cumulative second quarter. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the current consolidated fiscal year」
The Revenue Recognition Standard, which had been scheduled for FY2019, was applied from the beginning of the fiscal year ending March 2022, namely from the first quarter of the consolidated fiscal year. - FY2019First statedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The company disclosed for the first time that it plans to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2022. The impact on the consolidated financial statements was stated to be under evaluation as of that date.