Preparation for Adoption of the Revenue Recognition Standard
First written in FY2018. 9 of 11 entries say "Restated". Latest entry: FY2025-H1.
- FY2025-H1RestatedAnnual report
「Information disaggregating revenue arising from contracts with customers is presented in the notes to the financial statements under Segment Information and Other Notes.」
Disclosure of disaggregated revenue information following the application of the revenue recognition accounting standard continues. - FY2024-Q3RestatedAnnual report
「Information disaggregating revenue arising from contracts with customers is presented in the notes to the financial statements under Segment Information and Other Notes.」
Disclosure of disaggregated revenue information following the application of the revenue recognition accounting standard continues. - FY2023RestatedAnnual report
「Because our group changed its accounting treatment for revenue recognition, revenue from the Events Business is recognized over a certain period as performance obligations are satisfied.」
The revenue recognition accounting standard applied from the beginning of the fiscal year ending March 2022 continues to apply. In the Events Business, revenue is allocated over the period in accordance with the satisfaction of performance obligations. - FY2023-Q1RestatedAnnual report
「As described under Changes in Accounting Policies, the revenue recognition accounting standard and related standards were applied from the beginning of the first quarter of the current consolidated fiscal year, changing the accounting treatment for revenue recognition. Accordingly, the method of calculating segment profit or loss was also changed. As a result, compared with the previous method, revenue in the Events Business for the first quarter of the current consolidated fiscal year increased by ¥21.403 million, while the segment loss decreased by ¥7.663 million.」
The continued application of the revenue recognition accounting standard and related standards increased Events Business revenue by ¥21.403 million and reduced the segment loss by ¥7.663 million for the first quarter-to-date period. - FY2022RestatedAnnual report
「The revenue recognition accounting standard and related guidance were applied from the beginning of the current consolidated fiscal year, and revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services.」
The application of the revenue recognition accounting standard and related standards from the beginning of the fiscal year ending March 2022 continued throughout the full fiscal year. In the Events Business, revenue is allocated over the period in accordance with the satisfaction of performance obligations. - FY2022-Q3RestatedAnnual report
「The main change resulting from the application of the revenue recognition accounting standard and related guidance concerns revenue recognition in the events business. Previously, revenue from the events business was recognized when an event was completed, but the method was changed to recognize revenue over a period of time as performance obligations are satisfied. As a result, for the nine months ended the current third quarter, net sales increased by 183,565 thousand yen, cost of sales increased by 112,246 thousand yen, and operating profit, ordinary profit and profit before income taxes increased by 71,319 thousand yen each.」
The revenue recognition accounting standard applied from the first quarter continued to be applied, and its impact on events business net sales of 183,565 thousand yen and operating profit and other measures of 71,319 thousand yen was reported for the nine months ended the third quarter. - FY2022-Q2RestatedAnnual report
「The main change resulting from the application of the revenue recognition accounting standard and related guidance concerns revenue recognition in the events business. Previously, revenue from the events business was recognized when an event was completed, but the method was changed to recognize revenue over a period of time as performance obligations are satisfied. As a result, for the six months ended the current second quarter, net sales increased by 90,792 thousand yen, cost of sales increased by 57,956 thousand yen, and operating profit, ordinary profit and profit before income taxes increased by 32,836 thousand yen each.」
The revenue recognition accounting standard applied from the first quarter continued to be applied, and its specific impact on net sales and profit in the events business was reported for the six months ended the second quarter. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The revenue recognition accounting standard and related guidance, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were applied from the beginning of the current first quarter of the consolidated fiscal year. In the events business, revenue recognition was changed to recognition allocated over time in line with the satisfaction of performance obligations. - FY2020RestatedAnnual report
「This is a comprehensive accounting standard on revenue recognition. Revenue is recognized by applying the following 5 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, the performance obligation is satisfied. The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The 5-step application of the revenue recognition accounting standard and the planned application from the beginning of the fiscal year ending March 2022 continue to be disclosed. - FY2019RestatedAnnual report
「This is a comprehensive accounting standard on revenue recognition. Revenue is recognized by applying the following 5 steps.” “It was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The full-year disclosure also confirmed the 5-step revenue recognition method and the planned application from the beginning of the fiscal year ending March 2022, with the amount of the impact still under evaluation. - FY2018First statedAnnual report
「“Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 30 March 2018)」
The new accounting standard and implementation guidance on revenue recognition were scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of the impact was under evaluation.