Adoption of the Revenue Recognition Accounting Standard and Gross Presentation of Banquet Revenue
First written in FY2022-Q1. 6 of 8 entries say "Restated". Latest entry: FY2026-H1.
54 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Information disaggregating revenue arising from contracts with customers」
The company continues to disclose the disaggregation of revenue from contracts with customers following the application of the Revenue Recognition Accounting Standard. - FY2025-H1RestatedAnnual report
「Information disaggregating revenue arising from contracts with customers」
The company continues to disclose the disaggregation of revenue from contracts with customers following the application of the Revenue Recognition Accounting Standard. - FY2024-Q3RestatedAnnual report
「Information disaggregating revenue arising from contracts with customers」
The company continues to disclose revenue from contracts with customers following the application of the Revenue Recognition Accounting Standard. - FY2023-Q1RestatedAnnual report
「Information disaggregating revenue arising from contracts with customers」
The company continues to disclose revenue from contracts with customers following the application of the Revenue Recognition Accounting Standard. - FY2022RestatedAnnual report
「Net sales for the fiscal year increased by ¥4,365 million year on year to ¥8,399 million, partly due to the impact of the initial application of the revenue recognition standard. Even on a year-on-year basis using the previous standard, net sales increased by ¥2,185 million, showing a steady recovery trend.」
The full-year results show an increase in net sales due to the application of the Revenue Recognition Accounting Standard, as well as revenue growth under the previous standard. - FY2022-Q3RestatedAnnual report
「The application of the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards increased net sales by ¥1,637 million and cost of sales by ¥1,637 million, with no impact on operating loss, ordinary loss or quarterly net loss.」
The company continued to apply the Revenue Recognition Accounting Standard and disclosed that, during the cumulative third quarter, net sales and cost of sales each increased by ¥1,637 million, with no impact on profit or loss. - FY2022-Q2AdvancedAnnual report
「The application of the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards increased net sales by ¥1,012 million and cost of sales by ¥1,012 million, with no impact on operating loss, ordinary loss or quarterly net loss.」
The company continued to apply the Revenue Recognition Accounting Standard during the cumulative second quarter and disclosed that net sales and cost of sales each increased by ¥1,012 million, with no impact on profit or loss. - FY2022-Q1First statedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and other relevant standards from the beginning of the first quarter of the current fiscal year. 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. As a result, for revenue from the banquet business involving other parties, the company previously recognized revenue on a net basis, but after determining its role in providing goods or services to customers, whether as principal or agent, it has changed to recognizing revenue on a gross basis.」
The company applied the Revenue Recognition Accounting Standard and other relevant standards from the beginning of the first quarter of the current fiscal year and changed the presentation of revenue involving other parties in the banquet business from net to gross based on its determination of whether it acts as principal or agent. Although net sales increased by ¥569 million, cost of sales also increased by the same amount, with no impact on operating loss, ordinary loss or other profit and loss items, according to the disclosure.