Adoption of Accounting Standards for Revenue Recognition
First written in FY2021. 2 of 5 entries say "Restated". Latest entry: FY2022.
64 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Company has applied the “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other relevant standards from the beginning of the 145th fiscal period. Accordingly, the key management indicators and other information for the 145th fiscal period reflect application of these accounting standards.」
The application of the accounting standard for revenue recognition from the beginning of the 145th fiscal period is also confirmed in the full-year key indicators. - FY2022-Q3Disclosure of segment impacts from applying the accounting standard for revenue recognitionAnnual report
「Following this change, compared with the previous method, revenue from the Hotel Business for the cumulative third-quarter period decreased by ¥1.178 million, while segment loss decreased by ¥1.034 million.」
For the accounting standard for revenue recognition applied from the beginning of the first-quarter accounting period, the specific impact on Hotel Business revenue and segment loss compared with the previous method was disclosed for the first time. - FY2022-Q2RestatedAnnual report
「From the beginning of the first quarter accounting period, we adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards. 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 transfers to the customer.」
The Company continues to apply the accounting standard for revenue recognition and applies new revenue recognition methods to its points program and unused portions of gift certificates. - FY2022-Q1AchievedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter. 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 transfers to the customer.」
The accounting standard for revenue recognition, which had been scheduled for adoption in the previous fiscal year, was applied from the beginning of the first-quarter accounting period. The Company also changed its method of deferring revenue from its points program by treating points as performance obligations, as well as its method of recognizing revenue from unused portions of gift certificates. - FY2021First statedAnnual report
「From the fiscal year ending November 2022, the Company has applied the accounting standard for revenue recognition. The standard has no impact on operating loss (△).」
The Company states that it will apply the accounting standard for revenue recognition from the fiscal year ending November 2022.