Application of the revenue recognition accounting standard from the fiscal year ending March 2022
First written in FY2018. 4 of 7 entries say "Restated". Latest entry: FY2024.
25 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Revenue from the sale of goods is recognised at the point when the goods are delivered to the customer, based on the determination that the customer obtains control of the goods and the performance obligation is satisfied at that point. When the Company acts as an agent in the sale of goods, it recognises revenue on a net basis.」
The Company continues to recognise revenue upon delivery and recognise revenue on a net basis for transactions in which it acts as an agent, following application of the accounting standards for revenue recognition. - FY2022RestatedAnnual report
「As a result, compared with the previous accounting treatment, revenue at the end of the fiscal year decreased by ¥1,461 million and cost of sales decreased by ¥1,461 million. There was no impact on the opening balance of retained earnings.」
The Company disclosed the annual impact of applying the accounting standards for revenue recognition, stating that both revenue and cost of sales decreased by ¥1,461 million and that there was no impact on the opening balance of retained earnings. - FY2022-Q3RestatedAnnual report
「As a result, compared with the previous accounting treatment, revenue for the cumulative third-quarter period decreased by ¥1,048 million and cost of sales decreased by ¥1,045 million. There was no impact on the opening balance of retained earnings.」
The Company has disclosed that, following application of the accounting standards for revenue recognition, revenue for the cumulative third-quarter period decreased by ¥1,048 million and cost of sales decreased by ¥1,045 million. - FY2022-Q2RestatedAnnual report
「As a result, when the Company's promise to a customer is a performance obligation to arrange for goods or services to be provided by another party, the Company recognises revenue on a net basis as an agent. It also identifies points granted to customers as performance obligations and recognises revenue based on a method of allocating the transaction price using standalone selling prices calculated after considering the expected future expiration of the points. As a result, compared with the previous accounting treatment, revenue for the cumulative second-quarter period decreased by ¥612 million and cost of sales decreased by ¥611 million.」
The Company has disclosed the accounting treatment following application of the accounting standards for revenue recognition and the resulting decreases of ¥612 million in revenue and ¥611 million in cost of sales for the cumulative second-quarter period. - FY2022-Q1AchievedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the current first quarter.」
The Company applied the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022 as planned. It recognised revenue on a net basis for performance obligations for which it acts as an agent and identified points as performance obligations, among other measures. Compared with the previous accounting treatment, revenue decreased by ¥236 million and cost of sales decreased by ¥235 million. - FY2021AdvancedAnnual report
「The revenue-recognition accounting standard and related standards are scheduled to be adopted from the beginning of the fiscal year ending March 2022.」
The Company has stated that it plans to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022. The impact remains under evaluation. - FY2018First statedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The Company disclosed for the first time its plan to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022, and stated that the impact on the financial statements is under evaluation.