Application of the Revenue Recognition Standard from the Fiscal Year Ending November 2022
First written in FY2019. 4 of 7 entries say "Restated". Latest entry: FY2025.
64 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The following describes the nature of the principal performance obligations in the group’s main businesses involving revenue from contracts with customers, and the usual point at which each performance obligation is satisfied, or revenue is recognized.」
Following the application of the Revenue Recognition Accounting Standard, the company disclosed the performance obligations and timing of revenue recognition for the logistics and real estate businesses. - FY2023RestatedAnnual report
「The following describes the nature of the principal performance obligations in the group’s main businesses involving revenue from contracts with customers, and the usual point at which each performance obligation is satisfied, or revenue is recognized.」
Following the application of the Revenue Recognition Accounting Standard, the company disclosed the performance obligations and timing of revenue recognition for the logistics and real estate businesses. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the cumulative third quarter decreased by ¥21,670 thousand compared with the previous method, and cost of sales also decreased by ¥21,670 thousand, but there was no impact on selling, general and administrative expenses, operating profit, ordinary profit or profit before income taxes and other adjustments.」
The company continues to apply the Revenue Recognition Accounting Standard. Revenue and cost of sales for the cumulative period each decreased by ¥21,670 thousand compared with the previous method, but there was no impact on profit. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the cumulative second quarter decreased by ¥14,332 thousand compared with the previous method, and cost of sales also decreased by ¥14,332 thousand, but there was no impact on selling, general and administrative expenses, operating profit, ordinary profit or profit before income taxes and other adjustments.」
The company continues to apply the Revenue Recognition Accounting Standard. Revenue and cost of sales each decreased by ¥14,332 thousand compared with the previous method, but there was no impact on profit. - FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized 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. As a result, revenue for the cumulative first quarter decreased by ¥7,247 thousand compared with the previous method, and cost of sales also decreased by ¥7,247 thousand, but there was no impact on selling, general and administrative expenses, operating profit, ordinary profit or profit before income taxes and other adjustments.」
The company applied the Revenue Recognition Accounting Standard from the beginning of the first quarter of the current fiscal year, rather than the beginning of the fiscal year ending November 2022 as previously planned. Revenue and cost of sales in the logistics business each decreased by ¥7,247 thousand, but there was no impact on profit. - FY2021AdvancedAnnual report
「The cumulative impact of applying the Accounting Standard for Revenue Recognition and other standards will be reflected in retained earnings at the beginning of the following consolidated fiscal year, but there will be no impact on retained earnings at the beginning of that fiscal year.」
The company maintains its plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending November 2022 and expects no impact on retained earnings at the beginning of the fiscal year. - FY2019First statedAnnual report
「The company plans to apply the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 30 March 2018) and other standards from the beginning of the fiscal year ending November 2022. The amount of the impact was being assessed when these consolidated financial statements were prepared.」
The company plans to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending November 2022 and states that the amount of the impact on the financial statements is under assessment.