Scheduled adoption of the Revenue Recognition Accounting Standard for the fiscal year ending February 2022
First written in FY2019. 2 of 9 entries say "Restated". Latest entry: FY2026.
- FY2026Update to contract liabilities after revenue recognitionAnnual report
「Within 1 year 66 After 1 year 216 Total 283」
Under the method of recognizing franchise fee income over the franchise period, contract liabilities at the end of the period were ¥283 million. Of this amount, ¥66 million is expected to be recognized as revenue within 1 year and ¥216 million after 1 year. - FY2025Update to contract liabilities after revenue recognitionAnnual report
「Within 1 year 70,294 After 1 year 216,283 Total 286,577」
Under the method of recognizing franchise fee income over the franchise period, contract liabilities at the end of the period were ¥285.77 million. Of this amount, ¥70.294 million is expected to be recognized as revenue within 1 year and ¥216.283 million after 1 year. - FY2023Updated contract liabilities following adoption of the revenue recognition standardAnnual report
「Within 1 year 46,939 After 1 year 184,429 Total 231,368」
Under the method of recognizing franchise fee income over the franchise period, contract liabilities at the end of the period were ¥231.36 million, of which ¥46.93 million is expected to be recognized as revenue within 1 year and ¥184.429 million after 1 year. - FY2022Updated contract liabilities following adoption of the revenue recognition standardAnnual report
「Accordingly, revenue from franchise fees, which had been recognized at a point in time, is now recognized over a specified period.」
The revenue recognition standard was adopted from the beginning of the fiscal year, and the method of recognizing franchise fee income over the franchise period was adopted. Contract liabilities at the end of the period were ¥243.161 million, of which ¥53.659 million is expected to be recognized as revenue within 1 year and ¥189.502 million after 1 year. - FY2022-Q3RestatedAnnual report
「From the beginning of the first quarter of the current fiscal year, we adopted the “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other relevant standards, and recognize revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. Accordingly, although membership fee revenue had previously been recognized at a point in time, we changed the method to recognize it over a specified period.」
Reiterating the change under the Revenue Recognition Standard and other relevant standards adopted from the beginning of the first quarter of the current fiscal year, from recognizing membership fee revenue at a point in time to recognizing it over a specified period. The filing states that the impact of the adoption on profit or loss and retained earnings at the beginning of the period was immaterial. - FY2022-Q2Details of the application of the Revenue Recognition StandardAnnual report
「Accordingly, although membership fee revenue had previously been recognized at a point in time, the company changed the method to recognize it over a specified period.」
The filing provides details on the change under the Revenue Recognition Standard adopted from the beginning of FY2022-Q1, from recognizing membership fee revenue at a point in time to recognizing it over a specified period. The impact is described as immaterial. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current fiscal year, we adopted the “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other relevant standards.」
The company adopted the Revenue Recognition Standard and other relevant standards from the beginning of the first quarter of the current fiscal year, which had been stated as planned for FY2019 and FY2020. - FY2020RestatedAnnual report
「Revenue is recognized by applying the following five steps. Step 1: Identify the contract with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when, or as, a performance obligation is satisfied. Adoption timing: scheduled for the beginning of the fiscal year ending February 2022.」
Reiterating the 5-step revenue recognition method and the planned adoption from the beginning of the fiscal year ending February 2022. - FY2019First statedAnnual report
「Revenue is recognized by applying the following five steps. Step 1: Identify the contract with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when, or as, a performance obligation is satisfied. Adoption timing: scheduled for the beginning of the fiscal year ending February 2022.」
Describes the five-step revenue recognition model and planned adoption from the beginning of the fiscal year ending February 2022.