Change in the Estimated Timing of Recognizing Revenue from Unused Suica Balances
First written in FY2023-Q1. . Latest entry: FY2023.
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- FY2023Update on Full-Year ImpactAnnual report
「As a considerable period has elapsed since the launch of Suica services and appropriate data have accumulated, it has become possible to estimate the timing of revenue recognition for unused balances more reasonably. Accordingly, we have changed to an estimation method using this data.」
For the timing of revenue recognition for unused Suica balances, the Company applied the estimation method using accumulated data for the full fiscal year, resulting in an increase of ¥25.918 billion in operating revenue and related items. - FY2023-Q3Quarterly Impact UpdatedAnnual report
「As a considerable period has elapsed since the launch of Suica services and appropriate data have accumulated, it has become possible to estimate the timing of revenue recognition for unused balances more reasonably. Accordingly, we have changed to an estimation method using this data. As a result, compared with the previous method, operating revenue for the cumulative third quarter of the current consolidated fiscal year increased by ¥21,801 million, while operating income, ordinary income and income before income taxes and other adjustments for the quarter increased by the same amount.」
The Company continued to use the method of estimating the timing of revenue recognition for unused Suica balances based on accumulated data, resulting in an increase of ¥21.801 billion in operating revenue and related items for the cumulative third quarter. - FY2023-Q2Quarterly Impact UpdatedAnnual report
「As a considerable period has elapsed since the launch of Suica services and appropriate data have accumulated, it has become possible to estimate the timing of revenue recognition for unused balances more reasonably. Accordingly, we have changed to an estimation method using this data. As a result, compared with the previous method, operating revenue for the cumulative second quarter of the current consolidated fiscal year increased by ¥22,243 million, while operating income, ordinary income and income before income taxes and other adjustments for the quarter increased by the same amount.」
The Company continued to use the method of estimating the timing of revenue recognition for unused Suica balances based on accumulated data, resulting in an increase of ¥22.243 billion in operating revenue and related items for the cumulative second quarter. - FY2023-Q1First statedAnnual report
「As a considerable period has elapsed since the launch of Suica services and appropriate data have accumulated, it has become possible to estimate the timing of revenue recognition for unused balances more reasonably. Accordingly, we have changed to an estimation method using this data. As a result, compared with the previous method, operating revenue for the cumulative first quarter of the current consolidated fiscal year increased by ¥22,675 million, while operating income, ordinary income and income before income taxes and other adjustments for the quarter increased by the same amount.」
For unused balances from Suica charges and deposits, the Company changed its method for estimating the timing of revenue recognition using accumulated data. As a result, operating revenue and related items for the quarter increased by ¥22.675 billion.