Changes in Revenue Recognition Methods Following Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q2.
3 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「As a result, for the cumulative second quarter of the fiscal year, operating revenue decreased by ¥71,130 million and operating expenses decreased by ¥71,225 million. Operating income increased by ¥95 million, while ordinary income and income before income taxes and other adjustments each increased by ¥81 million.」
The impact of applying the Revenue Recognition Standard and other standards for the cumulative second quarter was reconfirmed, together with the changes in operating revenue, operating expenses and income. - FY2022-Q1First statedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards from the beginning of the first quarter of the fiscal year. 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. As a result, for the cumulative first quarter of the fiscal year, operating revenue decreased by ¥38,702 million and operating expenses decreased by ¥38,549 million. Operating income decreased by ¥153 million, while ordinary income and income before income taxes and other adjustments each decreased by ¥167 million.」
The Revenue Recognition Standard and other standards were applied from the beginning of the first quarter of FY2021, changing the treatment to net recognition for agent transactions, allocation of the transaction price to points, and recognition according to the validity period of commuter passes. As a result, operating revenue decreased by ¥38,702 million and operating expenses decreased by ¥38,549 million.