Preparation for the Application of New Accounting Standards, Including Revenue Recognition and Fair Value Measurement
First written in FY2021. 4 of 7 entries say "Restated". Latest entry: FY2023-Q3.
131 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual 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 Accounting Guidance) from the beginning of the first quarter, and decided to apply prospectively the new accounting policies prescribed by the guidance in accordance with the transitional treatment set out in paragraph 27-2. There was no impact on the cumulative third-quarter period.」
The company continued applying the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the first quarter, disclosing that there was no impact on the cumulative third-quarter period. - FY2023-Q2RestatedAnnual 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 Accounting Guidance) from the beginning of the first quarter, and decided to apply prospectively the new accounting policies prescribed by the guidance in accordance with the transitional treatment set out in paragraph 27-2. There was no impact on the cumulative second-quarter period.」
The company continued applying the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the first quarter, disclosing that there was no impact on the cumulative second-quarter period. - 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 Accounting Guidance) from the beginning of the first quarter, and decided to apply prospectively the new accounting policies prescribed by the guidance in accordance with the transitional treatment set out in paragraph 27-2. There was no impact on the cumulative first-quarter period.」
The company actually applied the implementation guidance for the accounting standard for fair value measurement, which had been scheduled for implementation in the previous fiscal year, from the beginning of the current first quarter. It stated that there was no impact on the cumulative quarterly period. - FY2022RestatedAnnual 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 fiscal year, recognizing revenue 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. Previously, revenue was generally recognized when products and maintenance products were shipped. The company changed this method so that maintenance products provided by other companies are recognized at the start of the maintenance period, while maintenance products provided by the company are recognized over the maintenance period. As a result, net sales for the fiscal year decreased by ¥132.287 million, cost of sales decreased by ¥106.273 million, and operating profit, ordinary profit and net income each decreased by ¥26.014 million. The opening balance of retained earnings also decreased by ¥228.716 million.」
The company continued applying the Revenue Recognition Accounting Standard, disclosing the specific impact on full-year net sales and profit and on the opening balance of retained earnings. The implementation guidance for the accounting standard for fair value measurement was scheduled to be applied from the beginning of the fiscal year ending March 2023. - FY2022-Q3RestatedAnnual 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, recognizing revenue 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. Previously, revenue was generally recognized when products and maintenance products were shipped. The company changed this method so that maintenance products provided by other companies are recognized at the start of the maintenance period, while maintenance products provided by the company are recognized over the maintenance period. As a result, net sales for the 9-month period increased by ¥97.396 million, cost of sales increased by ¥63.757 million, and operating profit, ordinary profit and quarterly net income each increased by ¥33.639 million. The opening balance of retained earnings also decreased by ¥228.716 million.」
The company continued applying the new revenue recognition standards and other standards from the beginning of the first quarter, disclosing the specific impact on net sales and profit for the 9-month period and on the opening balance of retained earnings. - FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the first quarter of the current fiscal year, recognizing revenue 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. Previously, revenue was generally recognized when products and maintenance products were shipped. The company changed this method so that maintenance products provided by other companies are recognized at the start of the maintenance period, while maintenance products provided by the company are recognized over the maintenance period. As a result, first-quarter net sales increased by ¥31 million, cost of sales increased by ¥28 million, and operating profit, ordinary profit and quarterly net income each increased by ¥22 million.」
The company actually applied the accounting standards for revenue recognition and other standards described in the previous fiscal year as preparation for implementation, starting from the beginning of the current first quarter. It also applied the accounting standards for fair value measurement and related standards, stating that there was no impact on the quarterly financial statements. - FY2021First statedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022.」
The company planned to apply the accounting standards for revenue recognition, the accounting standard for fair value measurement and other standards from the beginning of the fiscal year ending March 2022, with the amount of the impact under evaluation or undetermined.