Toho (8142) · PolicyRestated
Application of the Accounting Standard for Revenue Recognition, etc., and Changes in Accounting Treatment for the Points Program
First written in FY2023-Q1. 1 of 2 entries say "Restated". Latest entry: FY2024-Q1.
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Impact of Applying Revenue Recognition Accounting Standards on Financial StatementsA theme 366 companies write about · 218 as a headwind · 11 as a tailwind
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Showing 14 of the 200 companies compared. The sentences above are computed from all 200.Comparing 200 of the theme's 366 threads.Full recordFilings, disclosures and news, newest first
- FY2024-Q1RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described in the notes to the previous fiscal year's securities report.」
The Company reaffirmed that there were no material changes to the assumptions used in accounting estimates concerning the impact of COVID-19. - FY2023-Q1First statedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the current first-quarter consolidated accounting period. Revenue is recognized 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.」
Effective 1 February 2022, the Company applied the revenue recognition accounting standards and related requirements and changed to a method of recognizing revenue when control of goods or services transfers. For a points program operated by a subsidiary, the Company also changed to a method of identifying points awarded as performance obligations and deferring revenue recognition. Net sales and selling, general and administrative expenses each decreased by ¥90 million, with no impact on operating income or other profit measures.