Planned Adoption of New Accounting Standards for Revenue Recognition and Fair Value Measurement
First written in FY2021. 2 of 7 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2024.
0 other companies' latest entry also says "Cited as achieved".
- FY2024Cited as achievedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Accounting Standard Implementation Guidance”) was applied from the beginning of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Accounting Standard Implementation Guidance, the new accounting policies prescribed by the guidance are to be applied prospectively. This has no impact on the consolidated financial statements.」
The guidance on the accounting standard for fair value measurement, which had been scheduled for application, was applied from the beginning of the fiscal year, and the record that it had no impact on the consolidated financial statements has been restated. - FY2024-Q1AchievedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the "Implementation Guidance on the Fair Value Measurement Accounting Standard") has been applied from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Implementation Guidance on the Fair Value Measurement Accounting Standard, the new accounting policies prescribed by the guidance will be applied prospectively. This has no effect on the quarterly consolidated financial statements.」
The guidance on the accounting standard for fair value measurement, which had been scheduled for application, was applied from the beginning of the current first quarter consolidated accounting period, and it is stated that there was no impact on the financial statements. - FY2023Update to the Impact of Applying the Accounting StandardAnnual report
「Compared with before the application of the revenue recognition accounting standard and other standards, the consolidated balance sheet for the current fiscal year shows increases of ¥321.434 million in notes and accounts receivable and contract assets and a decrease of ¥259.33 million in work in process. On the consolidated statement of income for the current fiscal year, net sales increased by ¥82.723 million, cost of sales increased by ¥77.002 million, and operating income, ordinary income and profit before income taxes increased by ¥5.72 million each.」
The annual impact of the applied revenue recognition accounting standard on contract assets, work in process, net sales, cost of sales, operating income and other items has been updated. - FY2023-Q3Update to the Impact of Applying the Accounting StandardAnnual report
「As a result, for the cumulative third quarter of the current fiscal year, net sales increased by ¥58.398 million, cost of sales increased by ¥48.882 million, and operating income, ordinary income and profit before income taxes increased by ¥9.516 million each. The opening balance of retained earnings also increased by ¥57.541 million.」
The impact of the applied revenue recognition accounting standard on net sales, profit and opening retained earnings for the cumulative third quarter has been updated. - FY2023-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and other standards were applied from the beginning of the current first quarter consolidated accounting period. Revenue is recognised when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, for the cumulative first quarter of the current fiscal year, net sales decreased by ¥84 million, cost of sales decreased by ¥41 million, and operating income, ordinary income and profit before income taxes decreased by ¥43 million each.」
The revenue recognition accounting standard scheduled for application from the beginning of the fiscal year ending February 2023 was applied in practice. As a result, net sales for the cumulative first quarter of the current fiscal year decreased by ¥84 million, and operating income and other items decreased by ¥43 million. - FY2022RestatedAnnual report
「Application is scheduled to begin at the start of the fiscal year ending February 2023.」
The scheduled application of the new accounting standards on revenue recognition, fair value measurement and other matters from the beginning of the fiscal year ending February 2023 has been reconfirmed. The impact of the revenue recognition standard is under assessment, while the fair value measurement standard is expected to have no impact. - FY2021First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending February 2023.」
It was first disclosed that the new accounting standards on revenue recognition, fair value measurement and other matters were scheduled to be applied from the beginning of the fiscal year ending February 2023, and that the amount of their impact was under assessment.