Adoption of the Revenue Recognition Standard from the Fiscal Year Ending March 2022
First written in FY2019. 7 of 9 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「The Company and its consolidated subsidiaries primarily manufacture, wholesale and retail automotive and motorcycle products and related goods. Because the Company determines that customers obtain control of the relevant products or services and the performance obligations are satisfied when products are delivered or services are provided, revenue is generally recognized at that point.」
Revenue recognition for products and services under the revenue recognition accounting standard, as well as the accounting treatment for return assets, refund liabilities and contract liabilities related to points, continues to be applied. - FY2024RestatedAnnual report
「The Company and its consolidated subsidiaries primarily manufacture, wholesale and retail automotive and motorcycle products and related goods. Because the Company determines that customers obtain control of the relevant products or services and the performance obligations are satisfied when products are delivered or services are provided, revenue is generally recognized at that point.」
The accounting treatment under the revenue recognition accounting standard for products and services, return assets, refund liabilities and contract liabilities related to points continues to be applied. - FY2023RestatedAnnual report
「The Company and its consolidated subsidiaries primarily manufacture, wholesale and retail automotive and motorcycle products and related goods. Because the Company determines that customers obtain control of the relevant products or services and the performance obligations are satisfied when products are delivered or services are provided, revenue is generally recognized at that point.」
The recognition of revenue under the revenue recognition accounting standard applied from the fiscal year ending March 2022, as well as the accounting treatment for return assets, refund liabilities and contract liabilities related to points, continues to be applied. - FY2022RestatedAnnual report
「As a result, compared with before applying the revenue recognition accounting standard and related standards, total current assets on the consolidated balance sheet for the fiscal year increased by ¥754 million due to the recognition of return assets, total current liabilities increased by ¥1,196 million due to the recognition of refund liabilities and contract liabilities, and deferred tax assets increased by ¥145 million.」
The revenue recognition accounting standard applied from the beginning of the fiscal year ending March 2022 continues to be applied, and the recognition of return assets, refund liabilities and contract liabilities, as well as their impact on the financial statements, was disclosed for the full fiscal year. - FY2022-Q3RestatedAnnual report
「As a result, for the cumulative consolidated period of the third quarter, net sales decreased by ¥1,732 million, while operating income and ordinary income decreased by ¥427 million each.」
The revenue recognition accounting standard applied from the first quarter continues to be applied, and the amount of its impact on the cumulative period of the third quarter is disclosed. Points continue to be treated as performance obligations, with contract liabilities recorded accordingly. - FY2022-Q2RestatedAnnual report
「As a result, for the cumulative consolidated period of the second quarter, net sales decreased by ¥1,102 million, cost of sales decreased by ¥842 million, and operating income, ordinary income and profit before income taxes decreased by ¥260 million each.」
The revenue recognition accounting standard applied from the first quarter continues to be applied, and the amount of its impact on the cumulative period of the second quarter is disclosed. Points continue to be treated as performance obligations, with contract liabilities recorded accordingly. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) 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 revenue recognition accounting standard, which was scheduled to be applied from the beginning of the fiscal year ending March 2022, was actually applied from the beginning of the first quarter of the current fiscal year. The Company also introduced accounting treatment that identifies points as performance obligations and recognizes contract liabilities. - FY2020RestatedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on the Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company maintains its plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and describes the 5-step revenue recognition process. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on the Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company indicated that it plans to apply the new accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022 and described the 5-step revenue recognition process.