Preparation for Adoption of New Accounting Standards, Including Revenue Recognition
First written in FY2020. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The Company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Guidance”) from the beginning of the first quarter and, in accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, decided to apply the new accounting policies prescribed in the guidance prospectively. There was no impact on the quarterly consolidated financial statements.」
The Company continues to disclose the application of the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the first quarter of the current consolidated fiscal year, stating that there is no impact on the financial statements. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The Accounting Standard for Revenue Recognition and related standards were applied from the beginning of the first quarter of the fiscal year ended December 2022. The impact was immaterial, and the presentation of advances received was changed to contract liabilities. The Accounting Standard for Fair Value Measurement and related standards were also applied from the beginning of the same fiscal year. - FY2020First statedAnnual report
「Scheduled adoption date for the Accounting Standard for Revenue Recognition and related guidance: from the beginning of the fiscal year ending December 2022.」
Discloses planned application dates for new standards on revenue recognition, fair value measurement and accounting estimate disclosures.