Planned Adoption of the Revenue Recognition Accounting Standard for the January 2023 Fiscal Year
First written in FY2020. 2 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022-Q3.
10 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「As a result, revenue, operating profit, ordinary profit and profit before income taxes for the nine months ended Q3 each increased by 43,037 thousand yen. In addition, the opening balance of retained earnings decreased by 372,343 thousand yen.」
The impact of the early adoption of the Revenue Recognition Accounting Standard on results for the nine months ended Q3 and the cumulative impact on opening retained earnings have been updated. - FY2022-Q2AdvancedAnnual report
「As a result, revenue, operating profit, ordinary profit and profit before income taxes for the six months ended Q2 each increased by 52,674 thousand yen. In addition, the opening balance of retained earnings decreased by 372,343 thousand yen.」
The company continued its early adoption of the Revenue Recognition Accounting Standard and specifically disclosed the impact on results for the six months ended Q2 of recognizing advertising fees over the advertising period, as well as the cumulative impact on opening retained earnings. - FY2022-Q1AchievedAnnual report
「The company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and related standards from the beginning of the first quarter of the current 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, advertising fees for advertisements placed on the portal site, which were previously recognized when the advertisements were placed, are now recognized over the advertising period because the performance obligation is satisfied over that period.」
The Revenue Recognition Accounting Standard, which had been scheduled for application from the fiscal year ending January 2023, was early-adopted from the beginning of the first quarter of the current consolidated fiscal year. Advertising fees for the portal site have been changed from being recognized when the advertisements are placed to being recognized over the advertising period. - FY2020First statedAnnual report
「Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, dated 30 March 2018).」
The company disclosed that it plans to apply the revenue recognition accounting standard and related standards from the beginning of the fiscal year ending January 2023, and that the impact is being assessed.