Planned 2023 application of the accounting standard for revenue recognition
First written in FY2019. 1 of 5 entries say "Restated". Latest entry: FY2023-Q3.
- FY2023-Q3Detailed disclosure of the impact of adopting the accounting standardAnnual report
「As a result, operating revenue for the nine-month period ended the third quarter decreased by ¥12,473 million, operating costs decreased by ¥8,806 million, selling, general and administrative expenses decreased by ¥3,375 million, operating profit decreased by ¥291 million, and ordinary profit and profit before income taxes for the quarter decreased by ¥294 million each.」
The impact on operating revenue, operating profit and other items for the cumulative third-quarter period of applying the revenue recognition accounting standard from the beginning of the first quarter was disclosed specifically. - FY2023-Q2Additional disclosure of the impact of adopting the accounting standardAnnual report
「As a result, operating revenue for the six-month period ended the second quarter decreased by ¥10,405 million, operating costs decreased by ¥7,010 million, selling, general and administrative expenses decreased by ¥3,082 million, operating profit decreased by ¥312 million, and ordinary profit and profit before income taxes for the quarter decreased by ¥315 million each.」
The impact on the cumulative second-quarter period of applying the revenue recognition accounting standard from the beginning of the first quarter was disclosed specifically for the first time. - FY2023-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The revenue recognition accounting standard and related guidance, which had been scheduled for adoption from the beginning of the fiscal year ending February 2023, were adopted from the beginning of the first quarter under review. Changes in accounting treatment were also disclosed, including net presentation for agent transactions, loyalty point programs, returns and the allocation of revenue from road construction over time. - FY2022RestatedAnnual report
「The standard is scheduled to be adopted from the beginning of the fiscal year ending February 2023.」
The disclosure continued to state that the revenue recognition accounting standard and related guidance were scheduled to be adopted from the beginning of the fiscal year ending February 2023. - FY2019First statedAnnual report
「The standard is scheduled to be adopted from the beginning of the fiscal year ending February 2023.」
The revenue recognition accounting standard and related implementation guidance are scheduled to be adopted from the beginning of the fiscal year ending February 2023, and the impact on the consolidated financial statements is still being assessed.