Adoption of the Revenue Recognition Standard
First written in FY2023-Q2. 2 of 3 entries say "Restated". Latest entry: FY2024.
20 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「For services for new graduates, success fees paid when an offer is accepted are recognized as contract liabilities (advances received), and revenue is recognized by transferring those contract liabilities (advances received) to revenue on the employee’s start date.」
The company continues to disclose the performance obligations and timing of revenue recognition for new-graduate recruitment, consulting, and media and SaaS services based on application of the revenue recognition accounting standard. - FY2023-Q3RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards since the first quarter of the current consolidated fiscal year. Their application has had no impact on the group’s financial position, operating results, cash flows or other matters.」
The company continues to apply the revenue recognition accounting standard from the first quarter and explained that it has had no impact on financial position, operating results or cash flows. - FY2023-Q2First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 company applied the revenue recognition accounting standard and related standards from the beginning of the first quarter of the current consolidated fiscal year. It stated that there was no impact on the opening balance of retained earnings or profit or loss for the cumulative second quarter.