Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending July 2022
First written in FY2019. 1 of 4 entries say "Restated". Latest entry: FY2022-Q1.
6 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards were applied from the beginning of the current first quarter of the fiscal year. For transactions, primarily in the internet advertising business, in which the company and its consolidated subsidiaries act as agents, the company previously recognized the full amount of consideration received from advertisers as revenue, but changed to recognizing revenue on a net basis after deducting the amount paid to media companies from the consideration received from advertisers.」
The company applied the revenue recognition accounting standard from the beginning of the fiscal year ending July 2022 as scheduled, changing revenue presentation for agent transactions from gross to net. - FY2021Details of the impact of applying the revenue recognition standardAnnual report
「For transactions, primarily in the internet advertising business, in which the company and its consolidated subsidiaries act as agents, the company previously recognized the full amount of consideration received from advertisers as revenue. Upon applying these accounting standards, it will change to recognizing revenue on a net basis, after deducting the amount paid to media companies from the consideration received from advertisers. As a result, revenue and cost of revenue are expected to decrease, but there will be no impact on retained earnings.」
The company has provided details of the revenue recognition standard scheduled for application from the beginning of the fiscal year ending July 2022, including the change from gross to net presentation for agent transactions and the expectation that revenue and cost of revenue will decrease, with no impact on retained earnings. - FY2020RestatedAnnual report
「The standard will be applied from the beginning of the fiscal year ending July 2022.」
The revenue recognition accounting standard is scheduled to be applied from the beginning of the fiscal year ending July 2022, and its impact is being assessed. - FY2019First statedAnnual report
「(2) Scheduled application date: The standard will be applied from the beginning of the fiscal year ending July 2022. (3) Impact of applying the accounting standards: The impact of applying the Accounting Standard for Revenue Recognition and related standards on the consolidated financial statements is currently being assessed.」
The accounting standards concerning revenue recognition are scheduled to be applied from the beginning of the fiscal year ending July 2022, and the impact on the financial statements is being assessed.