Application of the Accounting Standard for Revenue Recognition for the Fiscal Year Ending March 2022
First written in FY2018. 3 of 6 entries say "Restated". Latest entry: FY2027-H1.
Zensho Holdings moved to the "Worse" side of this theme in 2026.
0 other companies' latest entry also says "Reframed".
- FY2027-H1ReframedAnnual report
「In the Global Mid-priced Food segment, our group operates takeaway sushi stores and other outlets, both directly and through franchise arrangements, inside food retailers mainly in Europe and North America. From the interim consolidated accounting period, certain consolidated subsidiaries in this segment changed the treatment of rent paid to food retailers for certain revenue under franchise agreements from recording it in cost of sales to deducting it from net sales on a net basis.」
The company-specific accounting policy change has been formalized, moving from the previous revenue recognition policy to net presentation, under which rent related to franchise agreements in the Global Mid-priced Food segment is deducted from net sales. Net sales and cost of sales for the previous interim period each decreased by ¥24,760 million, with no impact on profit. - FY2022-Q3RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The Company has continued to disclose the post-application recognition method for the revenue recognition accounting standards applied from the beginning of the first quarter of the consolidated accounting period. - FY2022-Q2RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The Company has continued to disclose the post-application recognition method and the impact on net sales, cost of sales, and selling, general and administrative expenses of the revenue recognition accounting standards applied from the beginning of the fiscal year ending March 2022. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we have applied the Accounting Standard for Revenue Recognition and related standards, and recognize revenue at the amount expected to be received in exchange for goods or services when control of the promised goods or services transfers to the customer.」
The revenue recognition accounting standards and other standards, which were scheduled to be applied from the beginning of the fiscal year ending March 2022, were actually applied from the beginning of the first quarter of the current consolidated accounting period. The application also changed the presentation of net sales and other items. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company has continued to disclose its plan to apply the revenue recognition accounting standards and other standards from the beginning of the fiscal year ending March 2022, and that it is assessing the amount of the impact. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company indicated plans to apply the new revenue recognition accounting standards and other standards from the beginning of the fiscal year ending March 2022, with the amount of the impact still under assessment.