Preparation for Applying the New Revenue Recognition and Fair Value Measurement Accounting Standards, etc.
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2023-Q3.
18 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「Regarding accounting estimates associated with the spread of COVID-19 during the cumulative third quarter under review, the company made accounting estimates based on certain assumptions and reflected them in its accounting treatment.」
The company continues to make accounting estimates based on certain assumptions regarding the impact of COVID-19 and states in its additional information that there have been no significant changes from the previous fiscal year. - FY2022-Q1AchievedAnnual report
「The company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the first quarter accounting period under review. 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. As a result, sales decreased by ¥12,921 thousand, cost of sales decreased by ¥2,039 thousand, and operating profit, ordinary profit and profit before income taxes for the cumulative first quarter under review each decreased by ¥10,882 thousand. The opening balance of retained earnings also decreased by ¥19,654 thousand.」
The company adopted the Revenue Recognition Accounting Standard and other standards, which had been in the preparation stage, from the beginning of the first quarter accounting period under review. It changed the method of recognizing revenue from its points program and other items and disclosed the impact on sales and retained earnings. - FY2021RestatedAnnual report
「The revenue-recognition accounting standard and related standards are scheduled to be adopted from the beginning of the fiscal year ending March 2022.」
The company plans to adopt the new revenue recognition standards and other standards from the beginning of the fiscal year ending March 2022, with the amount of the impact still under assessment or undetermined. - FY2020First statedAnnual report
「The revenue-recognition accounting standard and related standards are scheduled to be adopted from the beginning of the fiscal year ending March 2022.」
The company disclosed plans to adopt the new accounting standards for revenue recognition and fair value measurement from the beginning of the fiscal year ending March 2022.