Adoption of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2021. 7 of 9 entries say "Restated". Latest entry: FY2026.
50 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
Revenue recognition based on the revenue recognition accounting standard applied from the fiscal year ending March 2022 continues. - FY2025RestatedAnnual report
「Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
Revenue recognition based on the revenue recognition accounting standard applied from the fiscal year ending March 2022 continues. - FY2023-Q2RestatedAnnual report
「Information disaggregating revenue arising from contracts with customers is as follows.」
The disclosure of disaggregated revenue arising from contracts with customers continues following application of the revenue recognition accounting standard. - FY2023-Q1RestatedAnnual report
「As the Group operates a single segment consisting solely of its leisure business, it does not disclose segment information. Information disaggregating revenue arising from contracts with customers is provided below.」
The disclosure of disaggregated revenue arising from contracts with customers continues following application of the revenue recognition accounting standard. - FY2022RestatedAnnual report
「Compared with the accounting treatment before application of the revenue recognition accounting standards and other guidance, net sales and cost of sales for the current consolidated fiscal year decreased by ¥256 million, but operating income, ordinary income and net income before income taxes were unaffected.」
The revenue recognition accounting standard continued to be applied for the full year, reducing net sales and cost of sales by ¥256 million, with no impact on operating income or other profit measures. - FY2022-Q3RestatedAnnual report
「As a result, compared with the previous accounting treatment, net sales and cost of sales for the nine-month period of the third quarter of the current consolidated fiscal year decreased by ¥185 million, but operating income, ordinary income and quarterly net income before income taxes were unaffected. There was also no impact on the opening balance of retained earnings.」
The application of the revenue recognition accounting standard continued, reducing net sales and cost of sales by ¥185 million compared with the previous treatment, with no impact on operating income or other profit measures. - FY2022-Q2RestatedAnnual report
「As a result, compared with the previous accounting treatment, net sales and cost of sales for the six-month period of the second quarter of the current consolidated fiscal year decreased by ¥101 million, but operating income, ordinary income and quarterly net income before income taxes were unaffected. There was also no impact on the opening balance of retained earnings.」
The application of the revenue recognition accounting standard continued, reducing net sales and cost of sales by ¥101 million for the six-month period of the second quarter, with no impact on operating income or other profit measures. - FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”), among others, 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.」
The accounting standards and other guidance on revenue recognition, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were applied from the beginning of the first quarter of the current consolidated fiscal year. Transactions in which the Company acts as an agent were changed to net presentation, reducing net sales and cost of sales by ¥43 million, with no impact on operating income, ordinary income or quarterly net income before income taxes. - FY2021First statedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The accounting standards and implementation guidance on revenue recognition were scheduled to be applied from the beginning of the fiscal year ending March 2022. Transactions in which the Company acts as an agent were to be presented on a net basis, and a decrease in net sales was expected.