Changes in revenue-recognition methods following adoption of the revenue-recognition standard
First written in FY2022-Q1. 3 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
1 other company's latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As a result, for the current consolidated fiscal year, operating revenue decreased by ¥47 million, transport operating expenses and cost of sales decreased by ¥48 million, and operating loss, ordinary loss, and net loss before income taxes each decreased by ¥0 million. The beginning balance of retained earnings also decreased by ¥51 million.」
Disclosed the full-year impact of applying the revenue recognition accounting standard: a ¥47 million decrease in operating revenue, a ¥48 million decrease in operating expenses and other costs, and a ¥51 million decrease in beginning retained earnings. - FY2022-Q3AdvancedAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, operating revenue decreased by ¥67 million, transport operating expenses and cost of sales decreased by ¥69 million, and operating loss, ordinary loss, and quarterly net loss before income taxes each decreased by ¥2 million. The beginning balance of retained earnings also decreased by ¥51 million.」
Updated the cumulative impact after applying the revenue recognition accounting standard, disclosing a ¥67 million decrease in operating revenue, a ¥69 million decrease in transport operating expenses and cost of sales, a ¥2 million decrease in operating loss and related losses, and a ¥51 million decrease in beginning retained earnings. - FY2022-Q2AdvancedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, operating revenue decreased by ¥29 million, transport operating expenses and cost of sales decreased by ¥24 million, and operating loss, ordinary loss, and quarterly net loss before income taxes decreased by ¥4 million each. The beginning balance of retained earnings also decreased by ¥51 million.」
Quantified the cumulative impact after applying the revenue recognition accounting standard, disclosing a ¥29 million decrease in operating revenue, a ¥4 million increase in operating loss and related losses, and a ¥51 million decrease in beginning retained earnings. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the Accounting Standard for Revenue Recognition and related standards and will recognize revenue at the amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer.」
Revenue from season tickets was changed from being recognized at the time of sale to being recognized when use begins; revenue and costs for contracted construction and sales were changed from gross to net presentation; and revenue from certain construction contracts was changed to be allocated over time in line with the satisfaction of performance obligations. As a result of applying these changes, operating revenue decreased by ¥4 million, operating expenses decreased by ¥2 million, and the beginning balance of retained earnings decreased by ¥51 million.