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Kobe Electric Railway (9046) · InitiativeUpdate on the impact of adoption

Application of the Accounting Standard for Revenue Recognition from the Fiscal Year Ending March 2022

First written in FY2019. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.

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ProgressHeldSoftenedWorseFirst statedFY2019OtherFY2022-Q2 – FY20222019: 120192020: 020202021: 220212022: 22022
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Impact of Applying Revenue Recognition Accounting Standards on Financial StatementsA theme 393 companies write about · 237 as a headwind · 12 as a tailwind
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  1. FY2022Update on the impact of adoptionAnnual report

    「As a result of applying the standard, operating revenue decreased by ¥661 million compared with the amount that would have been reported without applying it, while the impact on operating profit and ordinary profit was immaterial.」

    Application of the accounting standard for revenue recognition continued for the full fiscal year, and the impact on operating revenue was updated from ¥504 million in Q3 to ¥661 million.
  2. FY2022-Q3Update on the impact of adoptionAnnual report

    「As a result of applying the standard, operating revenue decreased by ¥504 million compared with the amount that would have been reported without applying it, while the impact on operating profit and ordinary profit was immaterial.」

    The Company explained that application of the accounting standard for revenue recognition reduced operating revenue for the nine months ended Q3 by ¥504 million, while the impact on operating profit and ordinary profit was immaterial.
  3. FY2022-Q2Update on the impact of adoptionAnnual report

    「The Company has also applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter. As a result, operating revenue decreased by ¥336 million compared with the amount that would have been reported without applying the standard, while the impact on operating profit and ordinary profit was immaterial.」

    The Company continues to disclose the application from the beginning of the first quarter, explaining that operating revenue for the six months ended Q2 decreased by ¥336 million, while the impact on operating profit and ordinary profit was immaterial.
  4. FY2022-Q1AchievedAnnual report

    「The Company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter. As a result, operating revenue decreased by ¥164 million compared with the amount that would have been reported without applying the standard, while the impact on operating profit and ordinary profit was immaterial.」

    The Company applied the accounting standard for revenue recognition, which had been scheduled for application from the beginning of the fiscal year ending March 2022, from the beginning of the first quarter. It stated that operating revenue decreased by ¥164 million, while the impact on operating profit and ordinary profit was immaterial.
  5. FY2019First statedAnnual report

    「The Company will apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022.」

    The Company plans to apply the new accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending March 2022, and is evaluating the impact on the financial statements.
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Kobe Electric Railway's next results are scheduled for 2026-10-29. Read the earnings preview
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