Preparation for the Adoption of New Accounting Standards on Revenue Recognition, Fair Value Measurement and Other Matters
First written in FY2020. 2 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2023-Q1.
66 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual 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 current first-quarter accounting period. In accordance with the transitional treatment stipulated in paragraph 27-2 of the Fair Value Measurement Guidance, the Company will apply the new accounting policies prescribed by the guidance prospectively. There was no impact on the quarterly consolidated financial statements.」
The Company states that it began applying the accounting standard on fair value measurement from the beginning of the current first-quarter accounting period and that there was no impact on the financial statements. - FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and the Implementation Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 26 March 2021) from the beginning of the current first-quarter consolidated accounting period. Accordingly, 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 is transferred to the customer.」
The Company states that it applied the accounting standard on revenue recognition from the beginning of the first quarter of the fiscal year ending January 2022, and that the impact of adoption on the quarterly consolidated financial statements was immaterial. - FY2020First statedAnnual report
「The accounting standards on revenue recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending October 2022. The accounting standards on fair value measurement and related standards are also scheduled to be applied from the beginning of the fiscal year ending October 2022.」
For the first time, the Company has disclosed as a separate topic that it is assessing the scheduled adoption dates and amounts of impact of the new accounting standards relating to revenue recognition, fair value measurement, disclosure of accounting policies and disclosure of accounting estimates.