Preparing to Adopt New Accounting Standards for Revenue Recognition and Fair Value Measurement
First written in FY2021. 1 of 6 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2025.
44 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「It is scheduled to be applied from the beginning of the fiscal year ending February 2029.」
The unadopted lease accounting standard is scheduled to be applied from the beginning of the fiscal year ending February 2029, and its impact on the financial statements is under assessment. - FY2022Finalized and disclosed the full-year impact of the new accounting standardsAnnual report
「As a result, compared with the previous method, net sales for the current fiscal year decreased by ¥270.613 million, selling, general and administrative expenses decreased by ¥270.714 million, and operating income, ordinary income, and profit before income taxes for the year each increased by ¥100,000. In addition, the beginning balance of retained earnings decreased by ¥5.601 million.」
The company disclosed the full-year impact of the Revenue Recognition Accounting Standard, for which preparations and application had begun in the previous fiscal year, on net sales, selling, general and administrative expenses, profit, and beginning retained earnings. - FY2022-Q3Updated the impact of applying the new accounting standardsAnnual report
「As a result, compared with the previous method, net sales for the cumulative third quarter decreased by ¥189.621 million, selling, general and administrative expenses decreased by ¥193.986 million, and operating income, ordinary income, and profit before income taxes for the quarter each increased by ¥4.365 million. In addition, the beginning balance of retained earnings decreased by ¥5.601 million.」
The company updated and disclosed the impact of applying the Revenue Recognition Accounting Standard on net sales, selling, general and administrative expenses, and profit for the cumulative third quarter. - FY2022-Q2Disclosed the impact of applying the new accounting standardsAnnual report
「As a result, compared with the previous method, net sales for the cumulative second quarter decreased by ¥106.844 million, selling, general and administrative expenses decreased by ¥114.918 million, operating loss decreased by ¥8,073, and ordinary income and profit before income taxes for the quarter each increased by ¥8.073 million.」
For the Revenue Recognition Accounting Standard applied from the beginning of the first quarter accounting period, the company disclosed the impact of the differences from the previous method on net sales, selling, general and administrative expenses, operating loss, ordinary income, and other items for the cumulative second quarter. - FY2022-Q1AchievedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the 'Revenue Recognition Accounting Standard') and other standards from the beginning of the current first quarter accounting period」
The Revenue Recognition Accounting Standard, which had been under preparation for application in the previous fiscal year, was applied from the beginning of the current first quarter accounting period. The accounting standards for fair value measurement and other related standards were also applied at the same time. - FY2021First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards are scheduled to be applied from the beginning of the fiscal year ending May 2022. The impact of applying the Accounting Standard for Revenue Recognition and other standards on the financial statements is currently being assessed.」
The revenue recognition standard and standards related to fair value measurement are scheduled to be applied from the beginning of the fiscal year ending May 2022, and the impact on the financial statements is being assessed.