Planned adoption of new accounting standards for revenue recognition and fair value measurement
First written in FY2020. 5 of 9 entries say "Restated". Latest entry: FY2023-Q3.
33 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the "Fair Value Measurement Guidance") has been applied from the beginning of the first quarter of the current fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, the new accounting policy prescribed by the guidance is being applied prospectively. There is no impact on the quarterly consolidated financial statements.」
It reconfirms that the Fair Value Measurement Guidance has been applied from the beginning of the first quarter of the current fiscal year and that there is no impact on the quarterly consolidated financial statements. - FY2023-Q2RestatedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the "Fair Value Measurement Guidance") has been applied from the beginning of the first quarter of the current fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, the new accounting policy prescribed by the guidance is being applied prospectively. There is no impact on the quarterly consolidated financial statements.」
It reconfirms that the Fair Value Measurement Guidance has been applied from the beginning of the first quarter of the current fiscal year and that there is no impact on the financial statements. - FY2023-Q1AdvancedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the "Fair Value Measurement Guidance") has been applied from the beginning of the first quarter of the current fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, the new accounting policy prescribed by the guidance is being applied prospectively. There is no impact on the quarterly consolidated financial statements.」
The Implementation Guidance on the Accounting Standard for Fair Value Measurement has been applied from the beginning of the first quarter of the current fiscal year, with the new accounting policy applied prospectively. It states that there is no impact on the financial statements. - FY2022RestatedAnnual 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 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.」
It reconfirms that the Revenue Recognition Standard, the Fair Value Measurement Standard and related standards have been applied from the beginning of the current fiscal year, together with the revenue recognition method. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020, hereinafter the "Revenue Recognition Standard") and related standards have been 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. Accordingly, for transactions involving customer-supplied materials, whereas the company previously recognized the derecognition of materials supplied for consideration, it has changed to a method under which derecognition of the materials is not recognized when it has an obligation to repurchase them.」
It continues to disclose the application of the Revenue Recognition Standard and the change in the method of recognizing customer-supplied materials in transactions involving materials supplied for consideration. There was no impact on net sales, quarterly net loss, or the opening balance of retained earnings. Raw materials and supplies increased by ¥62,166 thousand, while other current assets decreased by the same amount. - 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.」
It continues to state that the Accounting Standard for Revenue Recognition and related standards have been applied from the beginning of the first quarter of the current fiscal year, together with the revenue recognition method. - FY2022-Q1AdvancedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the first quarter, and now recognize revenue at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The Accounting Standard for Revenue Recognition, previously scheduled for adoption from the current fiscal year, has been applied from the beginning of the first quarter of the current fiscal year. The accounting standards on fair value measurement and related matters have also been applied from the same date. - FY2021AdvancedAnnual report
「The Accounting Standard for Disclosure of Accounting Estimates (ASBJ Statement No. 31, 31 March 2020) has been adopted for the consolidated financial statements for the fiscal year-end, and notes on significant accounting estimates are included in the consolidated financial statements.」
The standard on the disclosure of accounting estimates, previously described as scheduled for future adoption, has been applied from the end of the current fiscal year. Meanwhile, the standards on revenue recognition and fair value measurement are scheduled to be applied from the beginning of the fiscal year ending September 2022, and their impact is being assessed. - FY2020First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending September 2022. The Accounting Standard for Disclosure of Accounting Estimates and the Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Errors are to be applied from the end of the fiscal year ending September 2021.」
It states for the first time that the new standards on revenue recognition, fair value measurement, and disclosure of accounting estimates and accounting policies are scheduled to be applied from the end of the fiscal year ending September 2021 or the beginning of the fiscal year ending September 2022, and that the impact is being assessed.