Application of the Accounting Standard for Revenue Recognition and Related Standards
First written in FY2022-Q1. 1 of 3 entries say "Restated". Latest entry: FY2026-H1.
11 other companies' latest entry also says "Other".
- FY2026-H1Increasing impact from point-based promotions and expected normalization in the third quarterAnnual report
「The impact of the Accounting Standard for Revenue Recognition resulting from stronger points initiatives is expected to normalize in the third quarter, after which the Company expects it to lead to clearly identifiable earnings generation.」
The Company explained that stronger points initiatives aimed at building the Yamada economic ecosystem centered on LIFE SELECT had increased the impact of the revenue recognition standard on revenue and gross profit, but that the impact was expected to normalize in the third quarter. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the nine-month period of the current fiscal year decreased by ¥76,358 million and gross profit by ¥11,501 million, while the impact on operating profit, ordinary profit and profit before income taxes was immaterial. Retained earnings at the beginning of the current fiscal year also decreased by ¥31,955 million.」
The impact of continuing to apply the revenue recognition accounting standard was disclosed as decreases of ¥76.358 billion in revenue, ¥11.501 billion in gross profit and ¥31.955 billion in retained earnings at the beginning of the fiscal year for the cumulative period. - FY2022-Q1First statedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter and now recognizes revenue when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services.」
The company changed its revenue recognition methods for agency transactions, customer promotions, warranty services and construction contracts. The adoption reduced quarterly sales by ¥22,044 million, gross profit by ¥4,902 million and opening retained earnings by ¥31,955 million.