Preparation for the Adoption of New Accounting Standards, Including Revenue Recognition and Fair Value Measurement
First written in FY2020. 3 of 7 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2025.
44 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The Accounting Standard for Leases and other standards are scheduled to be applied from the beginning of the fiscal year ending March 2028. The amount of their impact on the consolidated financial statements has not yet been determined.」
Following its response to the new accounting standards for revenue recognition and other matters, the company has disclosed plans to apply the accounting standards for leases and other standards from the beginning of the fiscal year ending March 2028. The amount of the impact has not yet been determined. - FY2023-Q2RestatedAnnual report
「As a result, revenue for the cumulative second quarter decreased by ¥30,853 million, cost of sales decreased by ¥4,005 million, and selling, general and administrative expenses decreased by ¥26,848 million.」
The company continues to apply the accounting standard for revenue recognition and other standards and has specifically disclosed the amount of their impact on revenue and other items for the cumulative second quarter. - FY2022-Q3AchievedAnnual report
「As a result, revenue for the cumulative third quarter decreased by ¥46,728 million, cost of sales decreased by ¥6,194 million, and selling, general and administrative expenses decreased by ¥40,533 million.」
The company continues to apply the accounting standard for revenue recognition and other standards and has specifically disclosed the amounts of their impact on revenue, cost of sales, and selling, general and administrative expenses for the cumulative third quarter. - FY2022-Q2AchievedAnnual report
「As a result, revenue for the cumulative second quarter decreased by ¥30,853 million, cost of sales decreased by ¥4,005 million, and selling, general and administrative expenses decreased by ¥26,848 million.」
The company continues to apply the accounting standard for revenue recognition and has specifically disclosed the amount of its impact on revenue and other items for the cumulative second quarter. - FY2022-Q1AchievedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the first quarter of the current fiscal year, and began recognizing revenue 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. As a result, revenue for the cumulative first quarter decreased by ¥15,280 million, cost of sales decreased by ¥1,871 million, and selling, general and administrative expenses decreased by ¥13,409 million.」
The company actually applied the accounting standards for revenue recognition and other standards from the beginning of fiscal 2022 and disclosed the impact on reported revenue and other amounts. - FY2021AdvancedAnnual report
「As a major impact on our group’s consolidated financial statements, we estimate that revenue for the consolidated fiscal year ending March 2022 will decrease by approximately ¥60,000 million compared with before adoption.」
The company continues to plan to apply the accounting standards for revenue recognition and other standards from the beginning of fiscal 2022, and has newly specified its estimate that revenue will decrease by approximately ¥60 billion and its outlook that the impact on operating income and other items will be minor. - FY2020First statedAnnual report
「The revenue-recognition accounting standard and related standards are scheduled to be adopted from the beginning of the fiscal year ending March 2022.」
The company has for the first time provided a consolidated disclosure of the planned adoption, from the end of fiscal 2021 or the beginning of fiscal 2022, of new standards concerning revenue recognition, fair value measurement and disclosures of accounting estimates.