Adoption of the Revenue Recognition Accounting Standard and Changes in the Accounting Treatment for the Points Program
First written in FY2022-Q2. 2 of 3 entries say "Restated". Latest entry: FY2022-Q4.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2022-Q4RestatedAnnual report
「From the beginning of the first quarter accounting period, we adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) 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 continues to apply the revenue recognition accounting standard, recognizing sales upon shipment and treating points awarded as contract liabilities. - FY2022-Q3RestatedAnnual report
「From the beginning of the first quarter accounting period, we adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) 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 continues to apply the revenue recognition accounting standard. Sales of goods are generally recognized upon shipment, while points awarded are treated as contract liabilities. - FY2022-Q2First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter. 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.」
Beginning with the first quarter commencing on 1 April 2021, the Company adopted the revenue recognition accounting standard and changed its accounting treatment to recognize domestic products upon shipment and treat points awarded as performance obligations and contract liabilities.