Adoption of the Revenue Recognition Accounting Standard
First written in FY2018. 3 of 5 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「As a result, net sales decreased by ¥1,673.529 million, cost of sales decreased by ¥1,528.447 million, and selling, general and administrative expenses decreased by ¥145.081 million during the cumulative period of the third quarter.」
The cumulative presentation impact of agency transactions and another company's loyalty points program under the Revenue Recognition Standard applied from the beginning of the first quarter of the current consolidated fiscal year was reconfirmed. - FY2022-Q2RestatedAnnual report
「As a result, net sales decreased by ¥1,091.138 million, cost of sales decreased by ¥1,003.630 million, and selling, general and administrative expenses decreased by ¥87.508 million during the cumulative period of the second quarter.」
The cumulative presentation impact of agency transactions and another company's loyalty points program under the Revenue Recognition Standard applied from the beginning of the first quarter of the current consolidated fiscal year was reconfirmed. - FY2022-Q1AchievedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020, hereinafter the Revenue Recognition Standard) and related standards 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 promised goods or services when control of those goods or services is transferred to the customer.」
The Company applied the Revenue Recognition Standard from the beginning of the first quarter of the current consolidated fiscal year, as planned from the beginning of the fiscal year ending March 2022. It changed the recognition method for agency transactions in the bridal business and the loyalty points program operated by another company for automotive products, resulting in a ¥614.089 million decrease in net sales. - FY2019RestatedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The Company planned to apply the accounting standards and related guidance on revenue recognition from the beginning of the fiscal year ending March 2022, and was evaluating the impact at that time. - FY2018First statedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The company planned to apply the revenue recognition standard and related guidance from the beginning of the fiscal year ending March 2022 and was assessing the impact on the consolidated financial statements.