Adoption of Revenue Recognition and Fair Value Measurement Standards from the Following Fiscal Year
First written in FY2021. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
12 other companies' latest entry also says "Other".
- FY2022Disclosure of the accounting standards adopted and their full-year impactAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the current consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The company has disclosed that it applied the revenue recognition accounting standard and other standards from the beginning of the fiscal year, resulting in a ¥19.413 million decrease in retained earnings at the beginning of the year, and that point provisions are presented as contract liabilities for the full fiscal year. - FY2022-Q3Additional quantitative disclosure of the impact of applying accounting standardsAnnual report
「As a result of this change, compared with the previous method, revenue from the Directly Operated Salon Operations business for the cumulative third quarter ended 36,571 thousand yen lower, and segment profit was also 3,822 thousand yen lower.」
The impact of applying the revenue recognition accounting standard on the Directly Operated Salon Operations business for the cumulative third quarter was disclosed as a ¥36.571 million decrease in revenue and a ¥3.822 million decrease in segment profit. - FY2022-Q2Quantitative disclosure of the impact of adopting the revenue recognition accounting standardAnnual report
「As a result of this change, compared with the previous method, revenue from the Directly Managed Salon Operations Business for the cumulative second quarter consolidated accounting period decreased by ¥23.449 million, while segment profit decreased by ¥2.621 million.」
For the revenue recognition accounting standard adopted from FY2022-Q1, the company disclosed its impact on the Directly Managed Salon Operations Business for the cumulative second quarter compared with the previous method as a ¥23.449 million decrease in revenue and a ¥2.621 million decrease in segment profit. - FY2022-Q1AchievedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the current first quarter consolidated accounting period, and recognizes 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 company applied the accounting standards for revenue recognition and other standards that had been scheduled for adoption in the following fiscal year as of FY2021, from the beginning of the current first quarter consolidated accounting period. The provision for points was presented as a contract liability, and retained earnings at the beginning of the period decreased by ¥19.413 million. - FY2021First statedAnnual report
「The standards are scheduled to be applied from the beginning of the fiscal year ending June 2022.」
The company plans to apply the accounting standards for revenue recognition and fair value measurement, among others, from the beginning of the fiscal year ending June 2022.