Planned Adoption of the Revenue Recognition Accounting Standard for the Fiscal Year Ending February 2023
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「As a result, points awarded to customers at the time of sale under the affiliated external points program, which were previously recorded as selling, general and administrative expenses, are now deducted from net sales. Accordingly, net sales for the fiscal year decreased by ¥81 million, while selling, general and administrative expenses also decreased by ¥81 million.」
The adoption of the Accounting Standard for Revenue Recognition was confirmed in the full-year financial statements, which disclosed that the change in the treatment of external points reduced both net sales and selling, general and administrative expenses by ¥81 million. - FY2023-Q1AchievedAnnual report
「The company adopted the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter accounting period, and recognizes revenue 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. As a result, points awarded to customers at the time of sale under the affiliated external points program, which were previously recorded as selling, general and administrative expenses, are now deducted from net sales.」
The planned adoption of the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending February 2023 moved into the implementation stage, and the accounting treatment for external points changed from recording them as selling, general and administrative expenses to deducting them from net sales. - FY2022RestatedAnnual report
「(2) Scheduled date of adoption The company will adopt the standards from the beginning of the fiscal year ending February 2023.」
The company continues to plan to adopt the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending February 2023. - FY2021RestatedAnnual report
「The company will adopt the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending February 2023.」
The company continues to plan to adopt the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending February 2023. - FY2019First statedAnnual report
「The company will adopt the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending February 2023.」
The company disclosed for the first time its plan to adopt the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending February 2023.