Adoption of the revenue recognition accounting standard
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
7 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Although franchise fee revenue had previously been recognised at a point in time, the company has changed to a method of recognising revenue over a specified period based on the estimated progress toward satisfying performance obligations.」
Following application of the Revenue Recognition Standard, the company continues to apply an accounting policy of recognising franchise fee revenue over the contract term. - FY2022-Q3RestatedAnnual report
「As a result, although franchise fee revenue had previously been recognised at a point in time, the company has changed to a method of recognising revenue over a specified period based on the estimated progress toward satisfying performance obligations.」
In connection with applying the Revenue Recognition Standard, the company continues to apply an accounting policy that changes franchise fee revenue from point-in-time recognition to allocation over time based on progress toward satisfying performance obligations. - FY2022-Q2RestatedAnnual report
「As a result, although franchise fee revenue had previously been recognised at a point in time, the company has changed to a method of recognising revenue over a specified period based on the estimated progress toward satisfying performance obligations.」
In connection with applying the Revenue Recognition Standard, the company continues to apply an accounting policy that changes franchise fee revenue from point-in-time recognition to allocation over time based on progress toward satisfying performance obligations. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the current first-quarter consolidated accounting period. 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 company applied the Revenue Recognition Standard and other relevant standards from the beginning of the first quarter of the current consolidated accounting period and adopted an accounting policy of recognising revenue when control is transferred to the customer.