Review of the impact of applying the new revenue recognition, financial instruments and lease accounting standards
First written in FY2018-Q1. 8 of 12 entries say "Restated". Latest entry: FY2026.
33 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「IFRS 18, Presentation and Disclosure in Financial Statements: 1 January 2027; fiscal year ending March 2028. The impact of its application on our group is currently being examined and cannot be estimated at this time.」
For the new IFRS 18, application is planned from the fiscal year ending March 2028, and its impact on the financial statements continues to be examined. - FY2020-Q3RestatedAnnual report
「Property, plant and equipment and interest-bearing liabilities increased due to the recognition of right-of-use assets and the increase in lease liabilities under IFRS 16, “Leases,” which was applied from the current fiscal year.」
It was reconfirmed that the application of IFRS 16 resulted in the recognition of right-of-use assets and lease liabilities, and increases in property, plant and equipment and interest-bearing liabilities. - FY2020-Q2RestatedAnnual report
「Property, plant and equipment and interest-bearing liabilities increased due to the recognition of right-of-use assets and the increase in lease liabilities under IFRS 16, “Leases,” which was applied from the current fiscal year.」
It was reconfirmed that the application of IFRS 16 resulted in the recognition of right-of-use assets and lease liabilities, and increases in property, plant and equipment and interest-bearing liabilities. - FY2020-Q1AdvancedAnnual report
「Property, plant and equipment and interest-bearing liabilities increased due to the recognition of right-of-use assets and the increase in lease liabilities under IFRS 16, “Leases,” which was applied from the current fiscal year. As a result, compared with applying the previous accounting standards, assets in the condensed interim consolidated statement of financial position, primarily included in property, plant and equipment, increased by ¥25,690 million at the beginning of the current fiscal year.」
The group progressed beyond the stage of examining the impact of application and applied IFRS 16 from the current fiscal year. The increase in assets at the date of initial application was quantified at ¥25,690 million. - FY2019AdvancedAnnual report
「The impact of applying IFRS 16 on our group’s consolidated financial statements is expected to be an increase of approximately ¥26.0 billion in both assets and liabilities in the consolidated statement of financial position at the beginning of the fiscal year ending March 2020, based on currently available information.」
The impact of lease accounting was quantified, with application beginning in the fiscal year ending March 2020 and estimated increases of approximately ¥26.0 billion in both assets and liabilities. - FY2019-Q3RestatedAnnual report
「The following new or revised standards and interpretations were issued by the date of approval of the condensed interim consolidated financial statements, but our group has not early adopted them. The impact of their application is currently being examined.」
For IFRS 16, “Leases,” the disclosure continues to state that application will be mandatory for fiscal years beginning on or after 1 January 2019, that our group plans to apply it for the fiscal year ending March 2020, and that its impact is being examined. - FY2019-Q2RestatedAnnual report
「The following new or revised standards and interpretations were issued by the date of approval of the condensed interim consolidated financial statements, but our group has not early adopted them. The impact of their application is currently being examined.」
For IFRS 16, “Leases,” the disclosure continues to state that it will be mandatory for fiscal years beginning on or after 1 January 2019, that our group plans to apply it for the fiscal year ending March 2020, and that its impact is still being examined. - FY2019-Q1AdvancedAnnual report
「Our group first adopted IFRS from the first quarter of the consolidated fiscal year beginning on 1 April 2018, and the annual consolidated financial statements for the fiscal year will be the first consolidated financial statements prepared in accordance with IFRS. As of the date of transition to IFRS, our group had early adopted IFRS 9 (issued in 2014).」
The group progressed beyond the stage of examining the impact of new accounting standards for revenue recognition and financial instruments, first adopting IFRS from the first quarter of the fiscal year beginning in April 2018 and early adopting IFRS 9 as well. - FY2018RestatedAnnual report
「The consolidated entities are currently examining the impact of applying this update on our consolidated financial statements.」
The disclosure continues to state that the impact of new accounting standards, including revenue recognition, financial assets and financial liabilities, and leases, is being examined with the applicable dates specified. - FY2018-Q3RestatedAnnual report
「The impact of Accounting Standards Update 2014-09 on our consolidated financial statements is currently being examined. We are also examining the impact of Accounting Standards Update 2016-01 on financial assets and financial liabilities on our consolidated financial statements. Accounting Standards Update 2016-02, “Leases,” will apply to fiscal years beginning on or after 16 December 2018 and the interim periods within those fiscal years, with early adoption permitted. The consolidated entities are currently examining the impact of applying this update on our consolidated financial statements.」
The impact on the financial statements of new accounting standards, including revenue recognition, financial assets and financial liabilities, and leases, continues to be examined after taking the applicable dates into consideration. - FY2018-Q2RestatedAnnual report
「The impact of Accounting Standards Update 2014-09 on our consolidated financial statements is currently being examined. We are also examining the impact of Accounting Standards Update 2016-01 on financial assets and financial liabilities on our consolidated financial statements. Accounting Standards Update 2016-02, “Leases,” will apply to fiscal years beginning on or after 16 December 2018 and the interim periods within those fiscal years, with early adoption permitted. The consolidated entities are currently examining the impact of applying this update on our consolidated financial statements.」
The impact on the financial statements of new accounting standards, including revenue recognition, financial assets and financial liabilities, and leases, continues to be examined after taking the applicable dates into consideration. - FY2018-Q1First statedAnnual report
「As a result, Accounting Standards Update 2014-09 applies to fiscal years beginning on or after 16 December 2017 and to interim periods included in those fiscal years. The consolidated companies are reviewing the impact of applying this update on the Company’s consolidated financial statements. Accounting Standards Update 2016-02, “Leases,” also applies to fiscal years beginning on or after 16 December 2018 and to interim periods included in those fiscal years, with early adoption permitted. The consolidated companies are reviewing the impact of applying this update on the Company’s consolidated financial statements.」
The impact on the financial statements of new accounting standards, including revenue recognition, financial assets and financial liabilities, and leases, is being examined after taking the applicable dates into consideration.