Preparation for Adopting New Accounting Standards, Including Revenue Recognition and Fair Value Measurement
First written in FY2021. 2 of 6 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2025.
13 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The company plans to apply the “Accounting Standard for Leases” (ASBJ Statement No. 34, 13 September 2024), the “Implementation Guidance on Accounting Standard for Leases” (ASBJ Guidance No. 33, 13 September 2024), and amendments to related ASBJ accounting standards, implementation guidance, practical response reports and transfer guidance from the beginning of the fiscal year ending March 2028.」
The company stated that it plans to apply the new lease accounting standards from the beginning of the fiscal year ending March 2028 and that the effects are being assessed. - FY2022AdvancedAnnual report
「・“Implementation Guidance on Accounting Standard for Fair Value Measurement” (ASBJ Guidance No. 31, 17 June 2021) (2) Scheduled application date The guidance is scheduled to be applied from the beginning of the fiscal year ending March 2023. (3) Effects of applying the accounting standards and other guidance The effects are being assessed as of the preparation of these consolidated financial statements.」
Following the application of the Revenue Recognition Accounting Standard and other standards, the company disclosed the scheduled application date of the new fair-value measurement accounting standards, the beginning of the fiscal year ending March 2023, and stated that the effects were still being assessed. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the cumulative third quarter increased by ¥428 million, cost of sales decreased by ¥261 million, and operating profit, ordinary profit and quarterly net income before income taxes increased by ¥690 million each.」
The company disclosed the effects after applying the Revenue Recognition Accounting Standard and other standards, including a ¥428 million increase in revenue, a ¥261 million decrease in cost of sales and a ¥690 million increase in operating profit and other items. - FY2022-Q2AchievedAnnual report
「As a result, revenue for the cumulative second quarter increased by ¥1,695 million, cost of sales increased by ¥1,003 million, and operating profit, ordinary profit and quarterly net income before income taxes increased by ¥691 million each.」
The company specifically disclosed the effects after applying the Revenue Recognition Accounting Standard and other standards, including a ¥1,695 million increase in revenue and a ¥691 million increase in operating profit and other items. - FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the first-quarter consolidated accounting period. Revenue is recognised at the amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer. As a result, revenue for the cumulative first quarter increased by ¥1,461 million, cost of sales increased by ¥1,072 million, and operating profit, ordinary profit and quarterly net income before income taxes increased by ¥389 million each.」
As planned, the company applied the Revenue Recognition Accounting Standard and other standards from the beginning of the first quarter of the fiscal year ending March 2022, and disclosed the effects on revenue, operating profit and other items. It also applied the fair-value measurement accounting standards and other standards from the same fiscal year-beginning date, and stated that there was no effect on the quarterly consolidated financial statements. - FY2021First statedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is being assessed in preparing these consolidated financial statements.」
The company stated that it planned to apply the Accounting Standard for Revenue Recognition, the Accounting Standard for Measurement of Fair Value and other standards from the beginning of the fiscal year ending March 2022, and was assessing the effects on the financial statements.