Preparation for Adoption of the Accounting Standard for Revenue Recognition
First written in FY2019. 2 of 5 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereafter, the “Revenue Recognition Standard”) and related standards were adopted from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized at the point 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. As a result, the opening balance of retained earnings decreased by ¥234 million, other liabilities increased by ¥338 million and deferred tax assets increased by ¥103 million. The impact on profit or loss was immaterial.」
The filing reconfirms in the third quarter that the Revenue Recognition Standard was adopted from the beginning of the first quarter and describes its impact on retained earnings and other items. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereafter, the “Revenue Recognition Standard”) and related standards were adopted from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized at the point 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. As a result, the opening balance of retained earnings decreased by ¥234 million, other liabilities increased by ¥338 million and deferred tax assets increased by ¥103 million. The impact on profit or loss was immaterial.」
The Revenue Recognition Standard, previously scheduled for adoption from the beginning of the fiscal year ending March 2022, was adopted from the beginning of the current first quarter, and the effects on retained earnings and other items were disclosed. - FY2021AdvancedAnnual report
「The application of the Accounting Standard for Revenue Recognition and related standards is expected to result in a cumulative effect being reflected in net assets at the beginning of the following consolidated fiscal year, reducing the opening balance of retained earnings by ¥237 million.」
The Bank continued to plan adoption from the beginning of the fiscal year ending March 2022 and specified an expected ¥237 million impact on retained earnings. - FY2020RestatedAnnual report
「② Scheduled adoption date Scheduled for adoption from the beginning of the fiscal year ending March 2022. ③ Impact of adoption The impact was being assessed when the consolidated financial statements were prepared.」
The Bank continued to plan adoption of the revenue-recognition standard from the beginning of the fiscal year ending March 2022. - FY2019First statedAnnual report
「“Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 30 March 2018) and “Implementation Guidance on Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Guidance No. 30, 30 March 2018) (2) Scheduled adoption date Scheduled for adoption from the beginning of the fiscal year ending March 2022. (3) Impact of adoption The impact was being assessed when the consolidated financial statements were prepared.」
The Bank planned to adopt the revenue-recognition standard from the beginning of the fiscal year ending March 2022 and stated that the impact was being assessed.