Preparation for Adoption of the Accounting Standard for Revenue Recognition
First written in FY2018. 1 of 4 entries say "Restated". Latest entry: FY2022.
- FY2022Finalization of the Full-Year ImpactAnnual report
「As a result, net sales for the consolidated fiscal year decreased by ¥76,756 thousand and selling, general and administrative expenses decreased by ¥76,756 thousand, with no impact on the beginning balance of retained earnings.」
The company applied the revenue recognition standard for the full fiscal year and finalized the impact of the change to deduct externally funded points from net sales. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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 applied the accounting standard for revenue recognition from 1 April 2021 and changed its method so that customer loyalty points previously recorded in selling, general and administrative expenses are deducted from net sales. Both net sales and selling, general and administrative expenses decreased by ¥18 million. - FY2021RestatedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company reiterates its plan to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022 and states that it is assessing the amount of the impact. - FY2018First statedAnnual report
「Scheduled application date: The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company planned to apply the new revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and was assessing the impact.