Adoption of the Accounting Standards for Revenue Recognition and Fair Value Measurement
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2023-Q1.
3 other companies' latest entry also says "Restated".
- FY2023-Q1RestatedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the “Fair Value Measurement Implementation Guidance”) has been applied from the beginning of the first quarter consolidated accounting period. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Implementation Guidance, the new accounting policies prescribed therein have been applied prospectively. There was no impact on the quarterly consolidated financial statements as a result.」
The Implementation Guidance on the Accounting Standard for Fair Value Measurement was applied from the beginning of the first quarter. The application of the new accounting policy had no impact on the quarterly consolidated financial statements. - FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other standards have been applied from the beginning of the current consolidated fiscal year. 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.」
The application of the revenue recognition standard and fair value measurement standard continues, and a cumulative ¥292 million decrease in retained earnings at the beginning of the period has been disclosed. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other standards have been applied from the beginning of the first quarter of the current 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.」
The application of the revenue recognition standard and fair value measurement standard continues. Application of the revenue recognition standard reduced retained earnings at the beginning of the period by ¥292 million, while its impact on profit or loss for the cumulative third-quarter period was immaterial. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other standards have been applied from the beginning of the current interim 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.」
The application of the revenue recognition standard and fair value measurement standard continues to be disclosed. The cumulative impact of applying the revenue recognition standard on retained earnings at the beginning of the period was a ¥292 million decrease. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Because customers are deemed to receive benefits as the performance obligation under card-member contracts is satisfied, the method of recognizing revenue has been changed to recognize revenue over a specified period. The Accounting Standard for Fair Value Measurement and other standards have also been applied from the beginning of the first quarter of the current consolidated fiscal year.」
The revenue recognition standard and fair value measurement standard were applied from the beginning of the first quarter. Revenue from credit card annual membership fees was changed from recognition at contract inception to recognition over a specified period, and the fair value measurement method was also reviewed. Application of the revenue recognition standard reduced retained earnings at the beginning of the period by ¥292 million.