Preparation for the Application of New Accounting Standards, Including Revenue Recognition and Fair Value Measurement
First written in FY2020. 6 of 10 entries say "Restated". Latest entry: FY2026.
14 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「"Accounting Standard for Leases" (Accounting Standard for Business Enterprises No. 34, 13 September 2024) (2) Scheduled date of application The standard is scheduled to be applied from the beginning of the fiscal year ending March 2028. (3) Impact of applying the accounting standards and related guidance The amount of the impact is being assessed in preparing the current consolidated financial statements.」
The company newly states that it plans to apply the new lease accounting standard and related guidance from the beginning of the fiscal year ending March 2028 and is assessing their impact on the financial statements. - FY2023RestatedAnnual report
「The company has applied the "Implementation Guidance on Accounting Standard for Fair Value Measurement" (Implementation Guidance on Accounting Standards for Business Enterprises No. 31, 17 June 2021, hereinafter the "Fair Value Measurement Guidance") from the beginning of the current consolidated fiscal year. In accordance with the transitional treatment specified in paragraph 27-2 of the Fair Value Measurement Guidance, the company will apply the new accounting policies specified in the guidance prospectively. This had no impact on the consolidated financial statements.」
The company also reports for the full year that it applied the Fair Value Measurement Guidance and that it had no impact on the consolidated financial statements. - FY2023-Q3RestatedAnnual report
「The company has applied the "Implementation Guidance on Accounting Standard for Fair Value Measurement" (Implementation Guidance on Accounting Standards for Business Enterprises No. 31, 17 June 2021, hereinafter the "Fair Value Measurement Guidance") from the beginning of the first quarter of the consolidated fiscal year. In accordance with the transitional treatment specified in paragraph 27-2 of the Fair Value Measurement Guidance, the company will apply the new accounting policies specified in the guidance prospectively. The guidance has had no impact on the quarterly consolidated financial statements.」
The company reiterates that it applied the Fair Value Measurement Guidance from the beginning of the first quarter of the consolidated fiscal year and that it had no impact on the quarterly consolidated financial statements. - FY2023-Q2AdvancedAnnual report
「The company has applied the "Implementation Guidance on Accounting Standard for Fair Value Measurement" (Implementation Guidance on Accounting Standards for Business Enterprises No. 31, 17 June 2021, hereinafter the "Fair Value Measurement Guidance") from the beginning of the first quarter of the consolidated fiscal year. In accordance with the transitional treatment specified in paragraph 27-2 of the Fair Value Measurement Guidance, the company will apply the new accounting policies specified in the guidance prospectively. The guidance has had no impact on the quarterly consolidated financial statements.」
The company actually applied the Fair Value Measurement Guidance from the beginning of the first quarter of the consolidated fiscal year. It states that there was no impact on the financial statements. - FY2022RestatedAnnual report
「The company has applied the "Revenue Recognition Standard" (Accounting Standard for Business Enterprises No. 29, 31 March 2020, hereinafter the "Revenue Recognition Standard") and other standards from the beginning of the current consolidated fiscal year. Revenue is recognized 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. As a result, revenue and cost of sales for the current consolidated fiscal year each increased by ¥867 million, but there was no impact on operating loss, ordinary loss, or loss before income taxes.」
The company states that applying the Revenue Recognition Standard from the beginning of the fiscal year increased revenue and cost of sales by ¥867 million each, but had no impact on profit or loss. - FY2022-Q3RestatedAnnual report
「Revenue and cost of sales for the cumulative third quarter increased by ¥557 million each.」
Regarding the Revenue Recognition Standard applied from the beginning of the first quarter of the consolidated fiscal year, the company reports that its impact on revenue and cost of sales for the cumulative third quarter was an increase of ¥557 million for each. - FY2022-Q2RestatedAnnual report
「The company has applied the "Revenue Recognition Standard" (Accounting Standard for Business Enterprises No. 29, 31 March 2020, hereinafter the "Revenue Recognition Standard") and other standards from the beginning of the first quarter of the consolidated fiscal year. Revenue is recognized 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. As a result, revenue and cost of sales for the cumulative second quarter increased by ¥1,167 million each.」
Regarding the Revenue Recognition Standard applied from the beginning of the first quarter of the consolidated fiscal year, the company states that its impact on revenue and cost of sales for the cumulative second quarter was an increase of ¥1,167 million for each. - FY2022-Q1AchievedAnnual report
「The company has applied the "Revenue Recognition Standard" (Accounting Standard for Business Enterprises No. 29, 31 March 2020, hereinafter the "Revenue Recognition Standard") and other standards from the beginning of the current first quarter of the consolidated fiscal year. Revenue is recognized 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.」
The company actually applied the new accounting standards, including the revenue recognition standard, from the beginning of the current first quarter of the consolidated fiscal year, rather than waiting until the beginning of the fiscal year ending March 2022, the final year of Medium-Term Plan 80, as originally scheduled. It states that the impact of the Revenue Recognition Standard was minor and that the Accounting Standard for Fair Value Measurement had no impact. - FY2021RestatedAnnual report
「(2) Scheduled date of application The standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standards and related guidance The amount of the impact on the consolidated financial statements from applying the Revenue Recognition Standard and other standards is currently being assessed.」
The company reiterates that new accounting standards, including those on revenue recognition and fair value measurement, are scheduled to be applied from the beginning of the fiscal year ending March 2022 and that their impact is still being assessed. - FY2020First statedAnnual report
「"Revenue Recognition Standard" (Accounting Standard for Business Enterprises No. 29, 31 March 2020) (2) Scheduled date of application The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. "Accounting Standard for Fair Value Measurement" (Accounting Standard for Business Enterprises No. 30, 4 July 2019) (2) Scheduled date of application The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply new standards on revenue recognition, fair value measurement, inventory valuation and financial instruments from the fiscal year ending March 2022, and is assessing the amount of their impact.