Change in Revenue Recognition Method Following the Adoption of the Accounting Standard for Revenue Recognition and Related Standards
First written in FY2022-Q1. 2 of 4 entries say "Restated". Latest entry: FY2022.
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- FY2022AdvancedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and related standards from the beginning of the consolidated fiscal year. 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 is transferred to the customer.」
Annual application of the revenue recognition accounting standard and related standards began, and the company changed its recognition methods for its points program, transactions involving the provision of goods for consideration, and agency transactions. The opening balance of retained earnings decreased by ¥114 million, while the impact on profit or loss for the fiscal year was immaterial. - FY2022-Q3RestatedAnnual report
「The impact of applying the revenue recognition accounting standard and related standards on profit or loss for the cumulative third quarter of the current consolidated fiscal year was immaterial.」
The company continued applying the revenue recognition accounting standard and related standards, and the impact on profit or loss for the cumulative third quarter of the current consolidated fiscal year was deemed immaterial. - FY2022-Q2RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the current first quarter of the consolidated fiscal year.」
The company continued applying the revenue recognition accounting standard and related standards and changed its recognition methods for its points program, transactions involving the provision of goods for consideration, and agency transactions. The impact of adoption on profit or loss and retained earnings for the cumulative second quarter of the current consolidated fiscal year was deemed immaterial. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the Accounting Standard for Revenue Recognition and related standards and will recognize 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.」
The company applied the revenue recognition accounting standard and related standards from 1 April 2021 and changed its revenue recognition methods for its points program, transactions involving the provision of goods for consideration, and agency transactions. The impact on profit or loss and the opening balance of retained earnings was deemed immaterial.