Application of the accounting standard for revenue recognition
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q3.
2 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards from the beginning of the first-quarter consolidated accounting period. 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.」
The policy of applying the revenue recognition standard and related standards from the beginning of the first quarter of the current consolidated fiscal year continues. - FY2022-Q1First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year and began recognizing 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 Group applied the revenue recognition standard and related standards from the beginning of FY2022-Q1. Credit card annual membership fees were changed from point-in-time recognition when billed to recognition over the applicable period. Although the opening balance of retained earnings decreased by ¥524 million, the impact on operating revenue, operating profit and ordinary profit for the quarter was described as minor.