Future adoption of new accounting standards
First written in FY2020. 3 of 8 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The company applied the Fair Value Measurement Guidance from the beginning of the current consolidated fiscal year and will apply the new accounting policies prescribed by the guidance prospectively. The application of the Fair Value Measurement Guidance had no impact on the consolidated financial statements.」
The company reiterated that applying the Fair Value Measurement Guidance had no impact on the financial statements. - FY2023-Q2RestatedAnnual report
「The application of the Implementation Guidance on the Fair Value Measurement Standard had no impact on the quarterly consolidated financial statements.」
The Company has applied the Implementation Guidance on the Accounting Standard for Fair Value Measurement and reiterated that there was no impact on the quarterly consolidated financial statements. - FY2023-Q1AchievedAnnual 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 by the guidance prospectively. The application of the Fair Value Measurement Guidance had no impact on the quarterly consolidated financial statements.」
The company applied the Fair Value Measurement Guidance from the beginning of the first quarter and disclosed that its application had no impact on the financial statements. - FY2022AdvancedAnnual report
「As a result, revenue for the current consolidated fiscal year decreased by ¥251.7 million, as did cost of sales, with no impact on operating loss, ordinary loss or loss before income taxes for the year.」
The company disclosed that, for the full year, applying the revenue recognition accounting standard reduced revenue and cost of sales by ¥251.7 million each, with no impact on profit. - FY2022-Q3AdvancedAnnual report
「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year decreased by ¥198.021 million, as did cost of sales, with no impact on operating profit, ordinary profit or profit before income taxes for the quarter.」
The company disclosed that, for the cumulative period, applying the revenue recognition accounting standard reduced revenue and cost of sales by ¥198.021 million each, with no impact on profit. - FY2022-Q2RestatedAnnual report
「As a result, revenue decreased by ¥132.010 million and cost of sales decreased by ¥132.010 million during the cumulative second quarter, but there was no impact on operating profit, ordinary profit or profit before income taxes for the quarter.」
For the revenue recognition standard applied from the beginning of the first quarter accounting period, it specifies that revenue and cost of sales each decreased by ¥132.010 million, with no impact on profit. - FY2022-Q1AchievedAnnual 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 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 is transferred to the customer. The “Accounting Standard for Fair Value Measurement” (Accounting Standard No. 30, 4 July 2019, hereinafter the “Fair Value Measurement Standard”) and other standards were applied from the beginning of the first quarter accounting period,」
The revenue recognition standard and fair value measurement standard, which had been scheduled for future application in FY2020, were applied from the beginning of the first quarter accounting period. - FY2020First statedAnnual report
「The “Accounting Standard for Revenue Recognition” and the “Implementation Guidance on Accounting Standard for Revenue Recognition” are scheduled to be applied from the beginning of the fiscal year ending September 2022. The impact is being assessed as of the preparation of these consolidated financial statements. The “Accounting Standard for Fair Value Measurement” and other standards are also scheduled to be applied from the beginning of the fiscal year ending September 2022.」
It newly discloses the planned application timing and ongoing impact assessment for new standards relating to revenue recognition, fair value measurement, disclosure of accounting policies, and disclosure of accounting estimates.