Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 2 of 6 entries say "Restated". Latest entry: FY2025.
2 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The “Accounting Standard for Presentation of Current Income Taxes, Resident Taxes and Business Taxes, etc.” (Accounting Standard No. 27, 28 October 2022; hereinafter, the “2022 Revised Accounting Standard”) and other standards have been applied from the beginning of the current consolidated fiscal year. The Company disclosed that the change in accounting policy had no effect on the consolidated financial statements.」
The accounting standards for income taxes and related standards were applied for the full year, and it was confirmed that they had no impact on the consolidated financial statements. - FY2024-Q2RestatedAnnual report
「Previously, rental income and rental expenses from real estate were recorded as non-operating income and non-operating expenses, respectively. From the first quarter of the consolidated fiscal year, the Company changed its presentation method and records them as revenue and cost of sales, respectively.」
The change in the presentation of real estate rental income and expenses continued to be applied in the second quarter. - FY2022Update to full-year adoption impactAnnual report
「As a result, compared with the figures before applying the Accounting Standard for Revenue Recognition and related standards, revenue for the consolidated fiscal year decreased by ¥1,727 million, cost of sales by ¥192 million, and selling, general and administrative expenses by ¥1,575 million, while operating profit, ordinary profit and quarterly net income before income taxes each increased by ¥40 million.」
The full-year impact of applying the Accounting Standard for Revenue Recognition and related standards was disclosed, with revenue decreasing by ¥1,727 million and operating profit and other items increasing by ¥40 million. - FY2022-Q3Third-quarter impact updatedAnnual report
「As a result, compared with the figures before applying the Accounting Standard for Revenue Recognition and related standards, revenue for the nine-month period decreased by ¥1,272 million, cost of sales by ¥112 million, and selling, general and administrative expenses by ¥1,015 million, while operating loss, ordinary loss and quarterly net loss before income taxes increased by ¥143 million. Retained earnings at the beginning of the period also decreased by ¥413 million.」
The impact of applying the Accounting Standard for Revenue Recognition and related standards was updated for the nine-month period. Revenue decreased by ¥1,272 million, operating loss and other losses increased by ¥143 million, and retained earnings at the beginning of the period decreased by ¥413 million. - FY2022-Q2Updated Impact of ApplicationAnnual report
「As a result, for the six-month period ended 30 September, revenue decreased by ¥719 million, cost of sales by ¥80 million, and selling, general and administrative expenses by ¥641 million. Operating loss, ordinary loss and quarterly net loss before income taxes each decreased by ¥2 million. Retained earnings at the beginning of the period also decreased by ¥413 million.」
The impact of applying the Accounting Standard for Revenue Recognition and related standards was updated for the six-month period, with revenue decreasing by ¥719 million and retained earnings at the beginning of the period decreasing by ¥413 million. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) 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 applied the Accounting Standard for Revenue Recognition and related standards from 1 April 2021 and changed its methods for recognising revenue from its own and third-party points programmes and card annual fees. As a result of the application, revenue and operating loss and other losses for the first quarter decreased by ¥408 million and ¥30 million, respectively, while retained earnings at the beginning of the period decreased by ¥413 million.