Future Adoption of New Accounting Standards
First written in FY2018. 4 of 12 entries say "Restated". Latest entry: FY2026.
45 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Scheduled effective date for the application of the “Accounting Standard for Leases” and other standards: The standards are scheduled to be applied from the beginning of the fiscal year ending March 2028.」
The company disclosed plans to apply the new lease accounting standards and related standards from the beginning of the fiscal year ending March 2028. The amount of the impact is currently under assessment. - FY2025-H1AchievedAnnual report
「The Accounting Standard for Accounting for Income Taxes, Levies and Business Taxes, Accounting Standard No. 27 dated 28 October 2022, and related standards have been applied from the beginning of the interim consolidated accounting period.」
The new accounting standards and related standards concerning income taxes, which had previously been scheduled for application, were applied from the beginning of the current interim consolidated accounting period. The company states that the change in accounting policy had no impact on the interim consolidated financial statements. - FY2023Addition of a new accounting standard scheduled for applicationAnnual report
「(2) Scheduled application date The standard will be applied from the beginning of the fiscal year ending March 2025.」
The company has disclosed that it plans to apply the new accounting standards and related standards concerning income taxes from the beginning of the fiscal year ending March 2025. - FY2023-Q1RestatedAnnual report
「Revenue from contracts with customers 7,921 6 7,927 Goods or services transferred over time 7,168 － 7,168」
Even after applying the Accounting Standard for Revenue Recognition, the company continues to present most revenue from its construction business as recognised over time. - FY2022AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards have been applied from the beginning of the fiscal year under review. Revenue is recognized at the amount expected to be received in exchange for the goods or services when control of the promised goods or services is transferred to the customer.」
The planned Accounting Standard for Revenue Recognition was applied from the beginning of the current consolidated fiscal year. For construction contracts, the method was changed to recognising revenue over time in accordance with the satisfaction of performance obligations. - FY2022-Q3RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current 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 continues to state that it has applied the Accounting Standard for Revenue Recognition from the beginning of the first quarter of the consolidated fiscal year. Revenue from construction contracts is recognised over time as performance obligations are satisfied. - FY2022-Q1AchievedAnnual report
「The Company applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and other relevant standards from the beginning of the first quarter of the current 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 is transferred to the customer.」
The previously scheduled Accounting Standard for Revenue Recognition was applied from the beginning of the current first quarter of the consolidated fiscal year. For construction contracts, the method of recognising revenue was changed to recognition over time as performance obligations are satisfied. - FY2020AdvancedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending March 2022, while the Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Errors and the Accounting Standard for Disclosure of Accounting Estimates will be applied from the fiscal year-end March 2021.」
The planned application dates for future accounting standards have been specified as the end of the fiscal year ending March 2021 and the beginning of the fiscal year ending March 2022. - FY2019-Q3RestatedAnnual report
「We applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and related standards from the beginning of the first quarter. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The company continues to state that the new standard related to tax-effect accounting was applied from the beginning of the first quarter. - FY2019-Q2RestatedAnnual report
「We applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and related standards from the beginning of the first quarter. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The additional information continues to state that the new standard related to tax-effect accounting was applied from the beginning of the first quarter. - FY2019-Q1AdvancedAnnual report
「We have applied the Partial Amendments to Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, 16 February 2018) and related standards from the beginning of the first quarter of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The company applied the new standard related to tax-effect accounting from the beginning of the first quarter of the current consolidated fiscal year. - FY2018First statedAnnual report
「Scheduled adoption date for the Accounting Standard for Revenue Recognition and other standards The standards will be applied from the beginning of the fiscal year ending March 2022.」
The company plans to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending March 2022, and the standards related to tax-effect accounting from the beginning of the fiscal year ending March 2019.