Application of the Revenue Recognition Accounting Standard and Recognition of Refund Liabilities
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, revenue, operating income, ordinary income and net income before income taxes and other adjustments for the fiscal year ended decreased by ¥10.778 million each.」
The Company has continued applying the revenue recognition standard and disclosed the impact on the fiscal year ended as a result of reflecting the amount expected to be refunded by ReDesigner in the future. - FY2022-Q3RestatedAnnual report
「As a result, revenue, operating income, ordinary income and quarterly net income before income taxes and other adjustments for the cumulative third quarter ended decreased by ¥10.778 million each.」
The Company has continued applying the revenue recognition standard and disclosed the impact on the cumulative period as a result of reflecting the amount expected to be refunded by ReDesigner. - FY2022-Q2RestatedAnnual report
「As a result, revenue, operating income, ordinary income and quarterly net income before income taxes and other adjustments for the cumulative second quarter ended decreased by ¥10.778 million each.」
The Company has continued applying the revenue recognition standard and disclosed the impact on the cumulative period as a result of reflecting the amount expected to be refunded by ReDesigner. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The Company has applied the revenue recognition standard from the beginning of the first quarter and changed its method for referral fees paid by ReDesigner that include an early-retirement refund clause, estimating the amount expected to be refunded in the future and recognizing a refund liability.