Voluntary adoption of International Financial Reporting Standards (IFRS)
First written in FY2017. 6 of 14 entries say "Restated". Latest entry: FY2021-Q1.
9 other companies' latest entry also says "Advanced".
- FY2021-Q1AdvancedAnnual report
「Beginning with the first quarter of the consolidated accounting period, the Group early adopted the amendment to IFRS 16 “Leases,” “Covid-19-Related Rent Concessions” (issued in May 2020).」
Regarding the continued application of IFRS, the Company early adopted from the first quarter the amendment to IFRS 16 concerning Covid-19-related rent concessions. - FY2020Added the full-year impact of IFRS 16.Annual report
「For the consolidated fiscal year, operating profit increased by ¥4,584 million compared with the application of the previous accounting standards, while the effect on profit before tax was immaterial.」
The Company applied IFRS 16 for the full year and disclosed that operating profit increased by ¥4,584 million compared with the previous standards. - FY2020-Q3Added the IFRS 16 impact for the cumulative third quarter.Annual report
「For the cumulative third quarter of the consolidated fiscal year, operating profit increased by ¥3,405 million compared with the application of the previous accounting standards, while the effect on quarterly profit before tax was immaterial.」
The Company continued applying IFRS 16 and disclosed that operating profit for the cumulative third quarter increased by ¥3,405 million compared with the previous standards. - FY2020-Q2RestatedAnnual report
「For the cumulative second quarter of the consolidated fiscal year, operating profit increased by ¥2,181 million compared with the application of the previous accounting standards, while the effect on quarterly profit before tax was immaterial.」
The Company continued applying IFRS 16 and disclosed its effect on operating profit for the cumulative second quarter compared with the previous standards. - FY2020-Q1AchievedAnnual report
「Beginning with the first-quarter consolidated accounting period, the group has applied the following standards.」
The Company actually adopted IFRS 16 from 1 March 2019. At the date of adoption, right-of-use assets increased by ¥208.208 billion and lease liabilities increased by ¥228.414 billion. - FY2019AdvancedAnnual report
「Under IFRS 16, lessees do not classify leases as finance leases or operating leases. Instead, they recognize a right-of-use asset representing the right to use the underlying asset and a lease liability representing the obligation to make lease payments for all leases other than short-term leases and leases of low-value underlying assets. As of the beginning of the fiscal year ending February 2020, the Group estimates that assets will increase by approximately ¥214.0 billion, liabilities by approximately ¥228.0 billion and equity will decrease by approximately ¥14.0 billion on the consolidated statement of financial position.」
In addition to continuing to apply IFRS, the Company planned to adopt IFRS 16 from the fiscal year ending February 2020 and disclosed the estimated effects on assets, liabilities and equity. - FY2019-Q3RestatedAnnual report
「Beginning with the first quarter of the consolidated accounting period, the Group has applied IFRS 15 “Revenue from Contracts with Customers” (issued in May 2014) and “Clarifications to IFRS 15” (issued in April 2016), collectively referred to below as “IFRS 15.”」
In addition to continuing to apply IFRS, the Company continued using the revenue recognition treatment under IFRS 15, adopted from the first quarter, in the current quarter. - FY2019-Q2RestatedAnnual report
「Our Group has applied the following standards from the first quarter of the current consolidated fiscal period.」
In addition to continuing to apply IFRS, the Company continued applying IFRS 15 in the current quarter, following its adoption from the first quarter of fiscal 2018. - FY2019-Q1AdvancedAnnual report
「Beginning with the first quarter of the consolidated accounting period, the Group has applied IFRS 15 “Revenue from Contracts with Customers” (issued in May 2014) and “Clarifications to IFRS 15” (issued in April 2016), collectively referred to below as “IFRS 15.”」
In addition to continuing to apply IFRS, the Company applied IFRS 15 from the first quarter and changed its revenue recognition method, including the treatment of points. - FY2018RestatedAnnual report
「The Group first applied IFRS from the consolidated fiscal year ended 28 February 2018, and the date of transition to IFRS was 1 March 2016.」
The Company again disclosed the initial application of IFRS, the transition date and the restatement of the comparative year in its annual consolidated financial statements. - FY2018-Q3RestatedAnnual report
「Beginning with the cumulative first quarter of the consolidated fiscal year, the Group has applied IFRS instead of the previous Japanese standards, and the figures for the cumulative third quarter of the previous fiscal year and the previous consolidated fiscal year have been recast on an IFRS basis from the figures announced under Japanese standards in the previous fiscal year.」
The Company continued applying IFRS from the first quarter and presents comparative figures for the previous corresponding period and previous fiscal year on an IFRS basis. - FY2018-Q2RestatedAnnual report
「Beginning with the cumulative first quarter of the consolidated fiscal year, the Group has applied IFRS instead of the previous Japanese standards, and the figures for the cumulative second quarter of the previous fiscal year and the previous consolidated fiscal year have been recast on an IFRS basis from the figures announced under Japanese standards in the previous fiscal year.」
The Company continued applying IFRS from the first quarter and presents comparative figures for the previous corresponding period and previous fiscal year on an IFRS basis. - FY2018-Q1AchievedAnnual report
「Beginning with the cumulative first quarter of the consolidated fiscal year, the Group has applied IFRS instead of the previous Japanese standards, and the figures for the cumulative first quarter of the previous fiscal year and the previous consolidated fiscal year have been recast on an IFRS basis from the figures announced under Japanese standards in the previous fiscal year.」
The Company began applying IFRS from the first quarter starting on 1 March 2017. - FY2017First statedAnnual report
「Beginning in March 2017, the start of the current medium-term management plan, we decided to voluntarily adopt International Financial Reporting Standards (IFRS).」
The Company decided to voluntarily adopt IFRS from March 2017 to ensure appropriate asset valuation, efficient management, international comparability and more effective explanations to investors.