Systems for Addressing Accounting Standards
First written in FY2017. 4 of 9 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「We adopted 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 first quarter. In accordance with the transitional treatment prescribed in paragraph 27-2 of the guidance, we will apply the new accounting policy prescribed by the guidance prospectively.」
The Company continues to apply the Fair Value Measurement Accounting Standard Implementation Guidance from the beginning of the first quarter of the fiscal year and states that there is no impact on the quarterly financial statements. - FY2023-Q3AchievedAnnual report
「The Company applied the “Accounting Standard for Fair Value Measurement” (Accounting Standards Board of Japan Statement No. 30, 4 July 2019) and related standards from the beginning of the first quarter of the current fiscal year. In accordance with the transitional treatment prescribed in paragraph 19 of the accounting standard for fair value measurement and paragraph 44-2 of the “Accounting Standard for Financial Instruments” (Accounting Standards Board of Japan Statement No. 10, 4 July 2019), the Company will apply the new accounting policies prescribed by the accounting standard for fair value measurement and related standards prospectively. There is no impact on the quarterly financial statements.」
The Company actually applied the accounting standard for fair value measurement and related standards from the beginning of the first quarter of the current fiscal year. It states that there is no impact on the quarterly financial statements. - FY2023-Q1AchievedAnnual report
「The Company applied the “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year, and now recognizes revenue when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, for transactions previously recognized on a gross basis as revenue and expenses, transactions conducted as an agent are now recognized on a net basis as revenue.」
The Company actually applied the accounting standard for revenue recognition from the beginning of the fiscal year ending February 2023 and changed to accounting treatment that presents agent transactions on a net basis. Net sales and cost of sales decreased by ¥42,819 thousand, with no impact on profit or loss. - FY2022RestatedAnnual report
「(2) Scheduled date of application The standards will be applied from the beginning of the fiscal year ending February 2023.」
The Company continues to plan to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending February 2023. - FY2021RestatedAnnual report
「(2) Scheduled date of application The standards will be applied from the beginning of the fiscal year ending February 2023.」
The Company continues to disclose that the accounting standard for revenue recognition will be applied from the beginning of the fiscal year ending February 2023. - FY2020SoftenedAnnual report
「(2) Scheduled date of application The standards will be applied from the beginning of the fiscal year ending February 2023.」
The scheduled application date for the revenue recognition accounting standard changed from the beginning of the fiscal year ending February 2022, as previously disclosed, to the beginning of the fiscal year ending February 2023, deferring application by one year. - FY2019AdvancedAnnual report
「(2) Scheduled date of application The standards will be applied from the beginning of the fiscal year ending February 2022. (3) The Company is currently assessing the impact on the financial statements of applying the “Accounting Standard for Revenue Recognition” and related standards.」
The Company specified that it plans to apply the accounting standard for revenue recognition from the beginning of the fiscal year ending February 2022 and is assessing the impact on the financial statements. - FY2018RestatedAnnual report
「The Company is a member of the Financial Accounting Standards Foundation in order to establish a framework for appropriately understanding the content of accounting standards and related matters and responding accurately to changes and other developments in those standards. The Company also actively participates in training programs and seminars organized by organizations with specialized information.」
The Company continues to address accounting standards through membership in the Financial Accounting Standards Foundation and participation in training programs and seminars. - FY2017First statedAnnual report
「The Company is a member of the Financial Accounting Standards Foundation in order to establish a framework for appropriately understanding the content of accounting standards and related matters and responding accurately to changes and other developments in those standards. The Company also actively participates in training programs and seminars organized by organizations with specialized information.」
The Company has disclosed its framework for addressing accounting standards through membership in the Financial Accounting Standards Foundation and participation in training programs and seminars.