Preparation for Applying the New Revenue Recognition and Fair Value Measurement Accounting Standards in 2023
First written in FY2020. 5 of 8 entries say "Restated". Latest entry: FY2025-H1.
18 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「From the interim consolidated accounting period, the Company has changed to a method of translating foreign-currency amounts into yen using average exchange rates for the period.」
In addition to accounting disclosures following the adoption of the new accounting standards, including the revenue recognition standard, the change in the translation method for overseas subsidiaries has also continued to be applied in the interim consolidated financial statements for the first half. - FY2024RestatedAnnual report
「The Company applied the Implementation Guidance on the Accounting Standard for Fair Value Measurement from the beginning of the fiscal year and will apply the new accounting policies prescribed by the guidance prospectively, in accordance with the transitional treatment stipulated in paragraph 27-2 of the Implementation Guidance on the Accounting Standard for Fair Value Measurement. This will have no impact on the consolidated financial statements.」
The Company reconfirmed the application of the Implementation Guidance on the Accounting Standard for Fair Value Measurement and that it had no impact on the consolidated financial statements. - FY2024-Q3RestatedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement was applied from the beginning of the first quarter of the consolidated accounting period, and the new accounting policies prescribed by the guidance will be applied prospectively. There is no impact on the quarterly consolidated financial statements.」
The Company reconfirmed the application of the guidance on the fair value measurement standard and that it had no impact on the financial statements. - FY2024-Q1Applied the guidance on fair value measurementAnnual report
「The company applied 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 of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, the company will apply the new accounting policies prescribed in the guidance prospectively. There is no impact on the quarterly consolidated financial statements.」
The Company applied the guidance on the fair value measurement standard from the beginning of the first quarter and stated that it had no impact on the financial statements. - FY2023RestatedAnnual report
「For certain contracts under which performance obligations are satisfied over a specified period, the Company has changed from recognizing revenue when the work was completed to recognizing revenue over the period based on estimated progress toward satisfying the performance obligation, except for contracts with very short terms.」
The accounting treatment of allocating revenue over time under the revenue recognition standard adopted from the fiscal year ending January 2023 continues to be applied in the annual financial statements. - FY2023-Q3RestatedAnnual report
「For certain contracts under which performance obligations are satisfied over a specified period, the Company has changed from recognizing revenue when the work was completed to recognizing revenue over the period based on estimated progress toward satisfying the performance obligation, except for contracts with very short terms.」
The Company continues to apply the revenue recognition standard and explains that, for certain contracts, revenue is allocated over time based on progress toward satisfying the performance obligation. - FY2023-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were applied from the beginning of the first quarter of the current fiscal year. 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 Accounting Standard for Fair Value Measurement and related standards were applied from the beginning of the first quarter of the current fiscal year. The new accounting policies prescribed by the fair value measurement standards and related guidance will be applied prospectively.」
The new accounting standards for revenue recognition and fair value measurement, previously scheduled for adoption, began to apply on 1 February 2022. - FY2020First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending January 2023. The Accounting Standard for Fair Value Measurement and related standards will be applied from the beginning of the fiscal year ending January 2023 or thereafter.」
The Company stated that it planned to adopt the new accounting standards for revenue recognition and fair value measurement from the fiscal year ending January 2023, with the impact still under assessment or undetermined.