Planned application of the Accounting Standard for Revenue Recognition in fiscal 2021
First written in FY2018. 1 of 6 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
- FY2022Updated Full-Year Impact of ApplicationAnnual report
「As a result, other liabilities on the consolidated balance sheet for the current consolidated fiscal year increased by ¥57 million. Ordinary income, ordinary profit and profit before income taxes on the consolidated income statement for the current consolidated fiscal year each decreased by ¥3 million.」
The Revenue Recognition Standard was applied for the full fiscal year, resulting in a ¥57 million increase in other liabilities and a ¥3 million decrease in ordinary income and related items. - FY2022-Q3Update the impact of applicationAnnual report
「As a result, ordinary income, ordinary profit and profit before income taxes for the nine months ended the third quarter of the current consolidated fiscal year each decreased by ¥13 million. The opening balance of retained earnings also decreased by ¥37 million.」
Application of the Revenue Recognition Standard reduced ordinary income, ordinary profit and profit before income taxes for the nine months ended the third quarter by ¥13 million each, while the opening balance of retained earnings decreased by ¥37 million. - FY2022-Q2Update the impact of applicationAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards were applied from the beginning of the current interim consolidated accounting period. Revenue is recognised 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. As a result, the timing of revenue recognition was changed for transactions at banks and certain consolidated subsidiaries for which revenue had previously been recognised in full at the time of contract execution, as well as transactions for which recognition of revenue had previously been deferred.」
The Revenue Recognition Standard was applied from the beginning of the interim consolidated accounting period, changing the timing of revenue recognition. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard") and other standards were applied 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 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 first applied from the beginning of the first quarter accounting period of the fiscal year commencing 1 April 2021. As a result, ordinary income, ordinary profit and other items decreased by ¥29 million. - FY2021Application date updatedAnnual report
「The bank and its consolidated subsidiaries plan to apply the accounting standards and related guidance from the beginning of the consolidated fiscal year commencing 1 April 2021.」
The planned application date for the Accounting Standard for Revenue Recognition was updated to the beginning of the fiscal year commencing 1 April 2021, with the impact currently under assessment. - FY2018First statedAnnual report
「The bank and its consolidated subsidiaries plan to apply the accounting standards and related guidance from the beginning of the consolidated fiscal year commencing 1 April 2021.」
The Accounting Standard for Revenue Recognition and related guidance are scheduled to be applied from the beginning of the consolidated fiscal year commencing 1 April 2021, with the impact currently under assessment.