Future adoption of new accounting standards for tax effects and revenue recognition
First written in FY2018. 7 of 16 entries say "Restated". Latest entry: FY2025.
13 other companies' latest entry also says "Advanced".
- FY2025Applied the accounting standard for corporate income taxes and disclosed planned adoption of the lease standardAnnual report
「The company has applied the “Accounting Standard for Accounting for Corporate Income Taxes, Resident Taxes and Business Taxes, etc.” (ASBJ Statement No. 27, 28 October 2022, hereinafter the “2022 Revised Accounting Standard”) and related standards from the beginning of the current consolidated fiscal year. The “Accounting Standard for Leases,” the “Implementation Guidance on the Accounting Standard for Leases,” and related amendments to accounting standards, implementation guidance, Practical Response Reports and Transfer Guidance are scheduled to be applied from the beginning of the fiscal year ending March 2028. (2) Scheduled date of adoption Scheduled to be applied from the beginning of the fiscal year ending March 2028.」
The company actually applied the new accounting standard and related standards for corporate income taxes from the beginning of the current fiscal year. In addition, it plans to apply the new lease standard from the beginning of the fiscal year ending March 2028 and is assessing the amount of the impact. - FY2025-H1AdvancedAnnual report
「The Company has applied the Accounting Standard for Corporate Income Taxes, Resident Taxes and Business Taxes (Accounting Standard No. 27, 28 October 2022; the 2022 Revised Accounting Standard) and related standards from the beginning of the current interim consolidated accounting period.」
The company has moved from the planned adoption stage to the actual adoption stage for the new accounting standard for corporate income taxes and related taxes, applying it from the beginning of the current interim consolidated fiscal year. It states that there is no impact on the interim consolidated financial statements. - FY2023-Q3RestatedAnnual report
「The company applied the “Implementation Guidance on the 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 of the consolidated fiscal year and, in accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, will apply the new accounting policies prescribed by the Fair Value Measurement Guidance prospectively. There is no impact on the quarterly consolidated financial statements.」
The company continues to disclose that it applied the Fair Value Measurement Guidance from the beginning of the first quarter and that it had no impact on the quarterly consolidated financial statements. - FY2023-Q2RestatedAnnual report
「The company applied the “Implementation Guidance on the 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 of the consolidated fiscal year and, in accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, will apply the new accounting policies prescribed by the Fair Value Measurement Guidance prospectively. There is no impact on the quarterly consolidated financial statements.」
The company continues to disclose that it applied the Fair Value Measurement Guidance from the beginning of the first quarter of the consolidated fiscal year and that it had no impact on the quarterly consolidated financial statements. - FY2023-Q1AdvancedAnnual report
「The company applied the “Implementation Guidance on the 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 of the current consolidated fiscal year and, in accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, will apply the new accounting policies prescribed by the Fair Value Measurement Guidance prospectively. There is no impact on the quarterly consolidated financial statements.」
The company actually applied the Fair Value Measurement Guidance, which had been scheduled for adoption from the fiscal year ending March 2023, from the beginning of the first quarter of the current consolidated fiscal year. It states that there is no impact on the financial statements. - FY2022ReframedAnnual report
「“Implementation Guidance on the Accounting Standard for Fair Value Measurement” (ASBJ Guidance No. 31, 17 June 2021)」
Following the adoption of the revenue recognition accounting standard and related standards, the company newly disclosed the Implementation Guidance on the Accounting Standard for Fair Value Measurement, scheduled to be applied from the beginning of the fiscal year ending March 2023, as an unadopted standard and stated that it was assessing the amount of the impact. - FY2022-Q3RestatedAnnual report
「As a result, revenue and selling, general and administrative expenses for the nine months ended the current third quarter each decreased by ¥606.874 million, with no impact on the opening balance of retained earnings. The company also applied the accounting standard for fair value measurement and related standards from the beginning of the first quarter, with no impact on the quarterly consolidated financial statements.」
The company continues to disclose that it applied the revenue recognition accounting standard and related standards from the first quarter. During the nine months ended the current third quarter, revenue and selling, general and administrative expenses each decreased by ¥606.874 million. It states that applying the accounting standard for fair value measurement and related standards had no impact on the financial statements. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognised 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.」
The company continues to disclose that it applied the revenue recognition accounting standard and related standards from the beginning of the first quarter. During the six months ended the current second quarter, revenue and selling, general and administrative expenses each decreased by ¥397.755 million. - FY2022-Q1AdvancedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and other standards have been applied from the beginning of the first quarter of the current fiscal year. Revenue is recognised 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.」
The company actually applied the revenue recognition accounting standard, which had been scheduled for adoption from the fiscal year ending March 2022, from the beginning of the first quarter of the current consolidated fiscal year. As a result of deducting part of the consideration paid to customers from revenue and presenting agent transactions on a net basis, revenue and selling, general and administrative expenses each decreased by ¥195.178 million. The accounting standard for fair value measurement and related standards were also applied from the beginning of the fiscal year. - FY2021ReframedAnnual report
「We applied the Accounting Standard for Disclosure of Accounting Estimates (Accounting Standard No. 31, 31 March 2020) from the consolidated financial statements for the year-end of the current consolidated fiscal year and included notes on significant accounting estimates.」
In addition to disclosing standards scheduled for future adoption, the company actually applied the standard on disclosure of accounting estimates from the fiscal year-end. It continues to disclose that the standards on revenue recognition, fair value measurement and other matters are scheduled to be applied from the fiscal year ending March 2022. - FY2020ReframedAnnual report
「The “Accounting Standard for Revenue Recognition” and the “Implementation Guidance on the Accounting Standard for Revenue Recognition” will be applied from the beginning of the fiscal year ending March 2022. The “Accounting Standard for Fair Value Measurement” and the “Implementation Guidance on the Accounting Standard for Fair Value Measurement,” among others, are also scheduled to be applied from the beginning of the fiscal year ending March 2022.」
While continuing to disclose the planned future adoption of the revenue recognition standard, the company has expanded the scope of its disclosures to include new standards related to fair value measurement, inventory valuation and financial instruments, which are scheduled to be applied from the fiscal year ending March 2022. - FY2019RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” and the “Implementation Guidance on the Accounting Standard for Revenue Recognition” will be applied from the beginning of the fiscal year ending March 2022.」
The company continues to disclose that it plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and is assessing the amount of the impact. - FY2019-Q3RestatedAnnual report
「In addition, the Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. The financial position is compared and analysed against the previous consolidated fiscal year using figures after retrospective application of those accounting standards and related guidance.」
The company continues to disclose in the current quarter that it applied partial amendments to the accounting standards for tax-effect accounting from the beginning of the first quarter of the consolidated fiscal year. - FY2019-Q2RestatedAnnual report
「In addition, the Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. The financial position is compared and analysed against the previous consolidated fiscal year using figures after retrospective application of those accounting standards and related guidance.」
The company continues to disclose in the current quarter that it applied partial amendments to the accounting standards for tax-effect accounting from the beginning of the first quarter of the consolidated fiscal year. - FY2019-Q1AdvancedAnnual report
「We have applied the Partial Amendments to Accounting Standards for Tax Effect Accounting (ASBJ Statement No. 28, February 16, 2018) and other standards from the beginning of the first quarter of the consolidated fiscal year. Accordingly, the financial position is compared with and analyzed against the previous consolidated fiscal year using figures after retrospective application of these standards.」
The company has moved from the planned adoption stage to the actual adoption stage, applying partial amendments to the accounting standards for tax-effect accounting from the beginning of the first quarter of the current consolidated fiscal year. - FY2018First statedAnnual report
「The “Guidance on the Application of Accounting Standards for Tax Effect Accounting” and the “Guidance on Recoverability of Deferred Tax Assets” were scheduled to be applied from the fiscal year ending March 2019. The “Accounting Standard for Revenue Recognition” and the “Implementation Guidance on the Accounting Standard for Revenue Recognition” will be applied from the beginning of the fiscal year ending March 2022.」
The company newly disclosed that it was assessing the planned timing of adoption and the amount of the impact of the unadopted standards related to tax-effect accounting and revenue recognition.