Future Application of the Revenue Recognition Accounting Standard
First written in FY2018. 2 of 7 entries say "Restated". Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022Annual adoption and impact finalizedAnnual report
「As a result, operating revenue for the current consolidated fiscal year increased by 534 thousand yen, while operating loss, ordinary loss and net loss before income taxes decreased by 534 thousand yen each. Retained earnings at the beginning of the fiscal year also decreased by 10,631 thousand yen.」
The Revenue Recognition Standard was applied from the beginning of the current consolidated fiscal year, changing the starting point for recognizing railway commuter passenger revenue from the sale date to the start date of the validity period. The full-year impact has been disclosed. - FY2022-Q3Update on the Impact of AdoptionAnnual report
「As a result, revenue for the nine months ended the third quarter increased by 692 thousand yen, while operating loss, ordinary loss and quarterly net loss before income taxes decreased by 692 thousand yen each. Retained earnings at the beginning of the fiscal year also decreased by 10,631 thousand yen.」
For the Revenue Recognition Standard applied from the first quarter, the impact on revenue and other items was updated to 692 thousand yen for the nine months ended the third quarter. The cumulative impact on retained earnings at the beginning of the fiscal year was reported as a decrease of 10,631 thousand yen. - FY2022-Q2Update on the Impact of AdoptionAnnual report
「As a result, revenue for the six months ended the second quarter increased by 591 thousand yen, while operating loss, ordinary loss and quarterly net loss before income taxes decreased by 591 thousand yen each. Retained earnings at the beginning of the fiscal year also decreased by 10,631 thousand yen.」
For the Revenue Recognition Standard applied from the first quarter, the impact on revenue and other items was updated for the six months ended the second quarter, and the cumulative impact on retained earnings at the beginning of the fiscal year was also presented. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, dated 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards have been applied from the beginning of the first quarter of the current fiscal year, and 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 railway commuter passes in the transportation business, revenue, which was previously recognized over a specified period beginning on the date of sale, is now recognized over a specified period beginning on the start date of the validity period.」
The Revenue Recognition Standard and other standards were applied from the beginning of the fiscal year ending March 2022, changing the starting point for recognizing revenue from railway commuter passes from the sale date to the start date of the validity period. As a result of the application, quarterly revenue increased by 194 thousand yen and retained earnings at the beginning of the fiscal year decreased by 10,631 thousand yen. - FY2021RestatedAnnual report
「The company will apply these standards from the beginning of the fiscal year ending March 2022.” The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and related standards is currently being assessed.」
The company plans to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022 and continues to evaluate the impact. - FY2020RestatedAnnual report
「The company will apply these standards from the beginning of the fiscal year ending March 2022.” The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and related standards is currently being assessed.」
The company plans to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022 and continues to evaluate the impact. - FY2018First statedAnnual report
「The standards will be applied from the beginning of the fiscal year ending March 2022. The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and other standards is currently being evaluated.」
The company has for the first time disclosed its policy of applying the Accounting Standard for Revenue Recognition and other standards from the beginning of the fiscal year ending March 2022, and that it is evaluating the impact on the financial statements.