Adoption of the Revenue Recognition Standard and Related Standards
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q2.
- FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the "Revenue Recognition Accounting Standard") and related standards were applied from the beginning of the current interim consolidated accounting period. 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 is transferred to the customer. This had no impact on the interim consolidated financial statements.」
The application of the revenue recognition accounting standards and related standards from the beginning of the period, and the absence of any impact on the financial statements, were reiterated. - FY2022-Q1First statedAnnual report
「The Group adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. Revenue is recognized at the point when control of promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The revenue recognition accounting standards and related standards were applied from the beginning of the first quarter of fiscal 2021. In accordance with the transitional treatment, the Bank stated that there was no impact on the quarterly consolidated financial statements.