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Kanagawa Chuo Kotsu (9081) · InitiativeAchieved

Application of the Accounting Standard for Revenue Recognition

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

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Changes to the Recognition of Agent Transactions and Commuter Fares Following the Adoption of Revenue Recognition Accounting StandardsA theme 7 companies write about · 4 as a headwind · 0 as a tailwind

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  1. FY2022AchievedAnnual report

    「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the consolidated fiscal year. Revenue is now 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.」

    Applied the revenue recognition accounting standard and related standards from the beginning of fiscal 2021 and changed the revenue recognition methods for commuter passes, transactions as an agent and amounts collected on behalf of third parties.
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Application of the Accounting Standard for Revenue Recognition | Kanagawa Chuo Kotsu Co.,Ltd. (9081) | Komori