Application of the Revenue Recognition Accounting Standard and Related Standards
First written in FY2022-Q1. 3 of 4 entries say "Restated". Latest entry: FY2022.
3 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As a result, compared with the figures before applying the revenue recognition accounting standard and related standards, the consolidated income statement for the fiscal year showed increases of ¥13,045 million in operating revenue and ¥13,024 million in operating expenses, while operating profit, ordinary profit and profit before income taxes increased by ¥20 million each.」
The revenue recognition accounting standard and related standards were applied for the full year, continuing the recognition methods for principal and agent transactions and regular passenger revenue. - FY2022-Q3RestatedAnnual report
「As a result, compared with the figures before applying the revenue recognition accounting standard and related standards, operating revenue and operating expenses for the nine months ended the third quarter increased by ¥9,393 million and ¥9,344 million, respectively, while operating profit, ordinary profit and profit before income taxes increased by ¥48 million each. Retained earnings at the beginning of the fiscal year also decreased by ¥627 million.」
The revenue recognition accounting standard and related standards applied from the first quarter continued to be applied in the third quarter. The company disclosed cumulative increases of ¥9,393 million in operating revenue, ¥9,344 million in operating expenses and ¥48 million in operating profit and related items, along with a ¥627 million decrease in retained earnings at the beginning of the period. - FY2022-Q2RestatedAnnual report
「The main changes resulting from the application of the Accounting Standard for Revenue Recognition and related guidance are as follows.」
The revenue recognition accounting standard and related standards, first applied from the first quarter, continued to be applied in the first half, with principal transactions recognized on a gross basis, agent transactions on a net basis, and regular passenger revenue on a daily pro rata basis. As a result of the application, operating revenue for the six months ended the second quarter increased by ¥5,579 million, operating expenses by ¥5,632 million, and operating profit and related items decreased by ¥53 million. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The revenue recognition accounting standard and related standards were applied for the first time. Principal transactions, including freight transportation, are now recognized on a gross basis, agent transactions, including resale transactions, on a net basis, and regular passenger revenue on a daily pro rata basis from the service commencement date. As a result of the application, operating revenue increased by ¥2,838 million, operating expenses by ¥2,909 million, operating profit and related items decreased by ¥71 million, and retained earnings at the beginning of the period decreased by ¥627 million.