Application of the Accounting Standards for Revenue Recognition and Fair Value Measurement
First written in FY2022-Q3. 1 of 3 entries say "Restated". Latest entry: FY2025.
Horiifoodservice moved to the "Worse" side of this theme in 2025.
0 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「Accounting Standard for Leases (ASBJ Statement No. 34, 13 September 2024) and Implementation Guidance on the Accounting Standard for Leases (ASBJ Guidance No. 33, 13 September 2024)」
In addition to the application of the revenue recognition and fair value measurement standards, the Company disclosed that it plans to apply the new lease accounting standard, including recognition of lessees' lease assets and liabilities, from the beginning of the fiscal year ending November 2028, and is evaluating its impact. - FY2023-Q2RestatedAnnual report
「We applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021) from the beginning of the first quarter accounting period. In accordance with the transitional treatment specified in Paragraph 27-2 of the guidance, the new accounting policies prescribed by the guidance will be applied prospectively. There was no impact on the quarterly financial statements.」
The explanation that the Implementation Guidance on the Fair Value Measurement Accounting Standard was applied from the beginning of the current fiscal year and had no impact on the quarterly financial statements remains unchanged. - FY2022-Q3First statedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other relevant standards from the beginning of the first quarter accounting period. 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 impact is immaterial. The Company has also applied the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019) and other relevant standards from the beginning of the first quarter accounting period, and will apply the new accounting policies prescribed by the fair value measurement standards and other relevant standards prospectively. There is no impact on the quarterly financial statements.」
The Revenue Recognition Accounting Standard, the fair value measurement standards and other relevant standards were applied from the beginning of the current fiscal year. The Company states that the impact of revenue recognition was immaterial and that the fair value measurement standards had no impact.