Future application of the revenue recognition standard and IFRS 16
First written in FY2019. 11 of 14 entries say "Restated". Latest entry: FY2026-H1.
38 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Revenue arising from these businesses is recognized in accordance with contracts with customers and presented as net sales.」
Following the application of the Accounting Standard for Revenue Recognition, the company continues to disclose revenue recognition based on contracts with customers and the disaggregation of net sales by purpose and region. - FY2025RestatedAnnual report
「The Group recognizes revenue based on the five-step approach set out below.」
The company continues to disclose the five-step approach following the application of the Accounting Standard for Revenue Recognition and revenue recognition based on contracts and performance obligations. - FY2024-Q3RestatedAnnual report
「Revenue arising from these businesses is recognized in accordance with contracts with customers and presented as net sales.」
The company continues to disclose its revenue recognition methods following the application of the Accounting Standard for Revenue Recognition, together with the disaggregation of net sales by purpose and region. - FY2024-Q2RestatedAnnual report
「Revenue arising from these businesses is recognized in accordance with contracts with customers and presented as net sales.」
The company continues to disclose its revenue recognition methods following the application of the Accounting Standard for Revenue Recognition and the disaggregation of net sales by purpose and region. - FY2024-Q1RestatedAnnual report
「Revenue arising from these businesses is recognized in accordance with contracts with customers and presented as net sales.」
The company continues to disclose its revenue recognition methods following the application of the Accounting Standard for Revenue Recognition and the disaggregation of net sales by purpose and region. - FY2023-Q3RestatedAnnual report
「Revenue arising from these businesses is recognized in accordance with contracts with customers and presented as net sales.」
The company continues to disclose its revenue recognition methods following the application of the Accounting Standard for Revenue Recognition and the disaggregation of net sales by purpose and region. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 continues to disclose that the Accounting Standard for Revenue Recognition and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year and that their impact on net sales, operating income and other items is immaterial. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 continues to disclose the application of the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the current consolidated fiscal year, stating that the impact on net sales and operating income for the cumulative second quarter is immaterial. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The Accounting Standard for Revenue Recognition and related standards, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were actually applied from the beginning of the first quarter of the current consolidated fiscal year. The impact on net sales, operating income and other items is described as immaterial. - FY2020RestatedAnnual report
「The overseas subsidiaries of the Group have applied IFRS 16, “Leases,” from the beginning of the current consolidated fiscal year. The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact of applying the accounting standards and related requirements on the consolidated financial statements is currently being evaluated.」
The annual report confirms the application of IFRS 16 by overseas subsidiaries, while the Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, with the impact currently under evaluation. - FY2020-Q3RestatedAnnual report
「The overseas subsidiaries of the Group have applied IFRS 16, “Leases,” from the beginning of the cumulative third quarter of the current consolidated fiscal year. Accordingly, for lessee lease transactions, right-of-use assets and lease liabilities are recognized for, in principle, all leases, and depreciation of right-of-use assets and interest expense on lease liabilities are recorded.」
The company continues to disclose the application of IFRS 16 by its overseas subsidiaries, including the recognition of right-of-use assets and lease liabilities and the treatment of related expenses. - FY2020-Q2RestatedAnnual report
「The overseas subsidiaries of the Group have applied IFRS 16, “Leases,” from the beginning of the cumulative second quarter of the current consolidated fiscal year. Accordingly, for lessee lease transactions, right-of-use assets and lease liabilities are recognized for, in principle, all leases, and depreciation of right-of-use assets and interest expense on lease liabilities are recorded.」
The company continues to disclose the application of IFRS 16 by its overseas subsidiaries, including the recognition of right-of-use assets and lease liabilities and the treatment of related expenses. - FY2020-Q1AchievedAnnual report
「Application of IFRS 16, “Leases” The overseas subsidiaries of the Group have applied IFRS 16, “Leases,” from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, for lessee lease transactions, right-of-use assets and lease liabilities are recognized for, in principle, all leases, and depreciation of right-of-use assets and interest expense on lease liabilities are recorded. The Group applied the transitional provisions when adopting IFRS 16, “Leases.” For leases previously classified as operating leases, right-of-use assets and lease liabilities were recognized at the beginning of the first quarter of the current consolidated fiscal year. As a result of applying the standard, “Other” under intangible fixed assets increased by ¥339 million, “Other” under current liabilities increased by ¥75 million, and “Other” under non-current liabilities increased by ¥295 million in the consolidated balance sheet for the first quarter of the current consolidated fiscal year. The impact of this change on the beginning balance of retained earnings and profit or loss for the cumulative first quarter of the current consolidated fiscal year was immaterial.」
The overseas subsidiaries applied IFRS 16, which had been scheduled for application in the previous fiscal year, from the beginning of the first quarter of the current consolidated fiscal year. They recognized right-of-use assets and lease liabilities, resulting in increases of ¥339 million in “Other” under intangible fixed assets, ¥75 million in “Other” under current liabilities, and ¥295 million in “Other” under non-current liabilities. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending March 2022. IFRS 16, “Leases,” is scheduled to be applied to overseas subsidiaries from the fiscal year ending March 2020. The impact of applying these accounting standards and related requirements on the consolidated financial statements is currently being evaluated.」
The company stated for the first time that the revenue recognition standard would be applied from the fiscal year ending March 2022 and IFRS 16 to overseas subsidiaries from the fiscal year ending March 2020, with the impact on the financial statements still under evaluation.