Adoption of the revenue recognition standard from the fiscal year ending March 2022
First written in FY2019. 4 of 7 entries say "Restated". Latest entry: FY2022.
- FY2022AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other applicable standards have been applied from the beginning of the current consolidated fiscal year.」
The planned application of the Accounting Standard for Revenue Recognition was implemented from the beginning of the fiscal year ending March 2022. In addition, the change to the 7-8 method for individual credit purchase intermediation revenue increased revenue, operating income and other items for the period by ¥184.666 million compared with the previous method. - FY2022-Q3RestatedAnnual report
「As a result of this change, revenue and segment profit in the financial services business for the nine months ended the current third quarter increased by ¥138.713 million compared with the previous method.」
The company continued to apply the 7-8 method for individual credit purchase intermediation revenue introduced in the first quarter and disclosed a ¥138.713 million difference from the previous method for the nine months ended the third quarter. - FY2022-Q2RestatedAnnual report
「For individual credit purchase intermediation revenue in the financial services business, the Group had previously used the equal-allocation method under the due-date basis, under which the total commission is allocated across the number of installments and an equal amount is recognized as revenue each time an installment falls due. From the first quarter of the current consolidated fiscal year, the Group has changed to the 7-8 method under the due-date basis, under which the total commission is allocated based on the installment number sequence and the allocated amount is recognized as revenue each time an installment falls due. Revenue, operating income, ordinary income and profit before income taxes for the six months ended the current second quarter increased by ¥89.215 million.」
The company disclosed the details of the 7-8 method for individual credit purchase intermediation revenue applied from the first quarter, as well as the ¥89.215 million difference from the previous method. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other applicable standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The Accounting Standard for Revenue Recognition was applied from the beginning of the first quarter of the fiscal year ending March 2022. In addition, the method of recognizing individual credit purchase intermediation revenue in the financial services business was changed from the equal-allocation method to the 7-8 method. - FY2021RestatedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The Bank continued to plan adoption of the revenue-recognition standard from the beginning of the fiscal year ending March 2022. - FY2020RestatedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
It continues to state plans to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「We will apply the standard from the beginning of the fiscal year ending March 2022.」
The Accounting Standard for Revenue Recognition and its Implementation Guidance are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact is currently being assessed.