Future application of accounting standards for tax-effect accounting and revenue recognition
First written in FY2018. 6 of 12 entries say "Restated". Latest entry: FY2026.
44 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The “Accounting Standard for Leases” (Accounting Standards Board of Japan Accounting Standard No. 34, 13 September 2024), the “Implementation Guidance on Accounting Standard for Leases” (Accounting Standards Board of Japan Implementation Guidance No. 33, 13 September 2024), and amendments to related accounting standards, implementation guidance, practical response reports and transfer guidance are scheduled to be applied from the beginning of the fiscal year ending June 2028.」
The Company disclosed that the new lease accounting standards and related guidance are scheduled to be applied from the beginning of the fiscal year ending June 2028, and that it is assessing the impact. - FY2024RestatedAnnual report
「The “Accounting Standard for Corporate Taxes, Resident Taxes and Enterprise Taxes” and other standards are scheduled to be applied from the beginning of the fiscal year ending June 2025.」
The Company continues to disclose that the standards on corporate taxes and other taxes, presentation of comprehensive income, and tax-effect accounting are scheduled to be applied from the beginning of the fiscal year ending June 2025. - FY2023AdvancedAnnual report
「The “Accounting Standard for Corporate Taxes, Resident Taxes and Enterprise Taxes” (Accounting Standards Board of Japan Accounting Standard No. 27, 28 October 2022) and other standards are scheduled to be applied from the beginning of the fiscal year ending June 2025.」
The Company disclosed that the new standards on corporate taxes and other taxes, presentation of comprehensive income, and tax-effect accounting are scheduled to be applied from the beginning of the fiscal year ending June 2025. - FY2023-Q2RestatedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (Implementation Guidance on Accounting Standards No. 31, 17 June 2021; hereinafter, the "Implementation Guidance on the Fair Value Measurement Accounting Standard") was 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 Implementation Guidance on the Fair Value Measurement Accounting Standard will be applied prospectively.」
Regarding the implementation guidance for the fair value measurement accounting standard applied from the beginning of the first-quarter consolidated accounting period, the Company continues to disclose its prospective application. It stated that there was no impact on the financial statements. - FY2022-Q3RestatedAnnual report
「As a result, compared with before retrospective application, revenue and cost of sales for the cumulative first nine months of the previous consolidated fiscal year decreased by ¥8,319.831 million each, while operating profit, ordinary profit and profit before income taxes and other adjustments for the quarter were unchanged.」
Regarding the revenue recognition accounting standard applied from the first quarter, the Company disclosed that revenue and cost of sales for the prior-year period decreased by ¥8,319.831 million as a result of retrospective application, while stating that there was no change to operating profit or other items. - FY2022-Q2RestatedAnnual report
「As a result, compared with before retrospective application, revenue and cost of sales for the cumulative first nine months of the previous consolidated fiscal year decreased by ¥5,420.580 million each, while operating profit, ordinary profit and profit before income taxes and other adjustments for the quarter were unchanged.」
Regarding the revenue recognition accounting standard applied from the first quarter, the Company specifically disclosed the decreases in prior-year-period revenue and cost of sales resulting from retrospective application, while stating that there was no change to operating profit or other items. - FY2022-Q1AchievedAnnual report
「The company applied 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 applied the revenue recognition accounting standard, which had been scheduled for adoption from the beginning of the fiscal year ending June 2022, from the beginning of the current first-quarter consolidated accounting period. Revenue recognition was changed to net presentation for agency transactions and recognition based on the progress toward satisfying performance obligations. The fair value measurement accounting standard was also applied from the beginning of the period. - FY2020AdvancedAnnual report
「The “Accounting Standard for Revenue Recognition” and other standards are scheduled to be applied from the beginning of the fiscal year ending June 2022.」
While continuing to plan for adoption of the revenue recognition standard from the beginning of the fiscal year ending June 2022, the Company additionally disclosed that the standard on disclosure of accounting estimates is scheduled to be applied from the end of the fiscal year ending June 2021, and the fair value measurement standard from the beginning of the fiscal year ending June 2022. - FY2019RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” and other standards are scheduled to be applied from the beginning of the fiscal year ending June 2022.」
The Company continues to disclose its plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending June 2022. The tax-effect accounting amendments have already been applied from the beginning of the current consolidated fiscal year. - FY2019-Q3RestatedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and other standards have been applied from the beginning of the first quarter. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The Company continues to provide additional disclosure on the tax-effect accounting amendments applied from the beginning of the first-quarter consolidated accounting period. - FY2019-Q1AdvancedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and other standards have been applied from the beginning of the first quarter. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The Company applied the tax-effect accounting amendments, which had previously been scheduled for future adoption, from the beginning of the current first-quarter consolidated accounting period. - FY2018First statedAnnual report
「The “Guidance on Accounting Standard for Tax Effect Accounting” and other standards are scheduled to be applied from the beginning of the fiscal year ending June 2019. The “Accounting Standard for Revenue Recognition” and other standards are scheduled to be applied from the beginning of the fiscal year ending June 2022.」
The Company disclosed the scheduled adoption dates for the tax-effect accounting guidance and the revenue recognition accounting standard, and stated that it is assessing the impact on the consolidated financial statements.