Changes in Revenue Recognition and Presentation Resulting from the Adoption of New Accounting Standards, etc.
First written in FY2022-Q1. 5 of 7 entries say "Restated". Latest entry: FY2025.
15 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「(2) Scheduled adoption date The standards will be adopted from the beginning of the fiscal year ending August 2028. (3) Impact of adoption of the accounting standards and other requirements The impact of adopting the Accounting Standard for Leases and other standards on the consolidated financial statements is currently being assessed.」
The Company plans to adopt the new accounting standards for leases and other requirements from the beginning of the fiscal year ending August 2028 and is assessing the impact on the consolidated financial statements. - FY2024RestatedAnnual report
「The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards from the beginning of the eleventh fiscal year. Accordingly, the key management indicators and other figures for the eleventh fiscal year onward reflect application of those accounting standards.」
The Company continues to apply the revenue recognition accounting standard adopted from FY2022. - FY2023-Q2RestatedAnnual report
「The Company adopted the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the “Fair Value Measurement Implementation Guidance”) from the beginning of the first quarter. In accordance with the transitional treatment specified in paragraph 27-2 of the Fair Value Measurement Implementation Guidance, the Company will apply the new accounting policies prescribed by the guidance prospectively. This adoption has no impact on the quarterly financial statements.」
The Company continues to apply the Fair Value Measurement Implementation Guidance adopted from the first quarter and explained that it has no impact on the quarterly financial statements. - FY2023-Q1RestatedAnnual report
「The Company adopted the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the “Fair Value Measurement Implementation Guidance”) from the beginning of the first quarter. In accordance with the transitional treatment specified in paragraph 27-2 of the Fair Value Measurement Implementation Guidance, the Company will apply the new accounting policies prescribed by the guidance prospectively. This adoption has no impact on the quarterly financial statements.」
The Company adopted the Fair Value Measurement Implementation Guidance from the beginning of the current quarter, but explained that it had no impact on the quarterly financial statements. - FY2022RestatedAnnual report
「The Company adopted 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, and now recognizes revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The Company continues to apply the revenue recognition accounting standard adopted from the first quarter of FY2022. - FY2022-Q3RestatedAnnual report
「The Company adopted 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, and now recognizes revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The Company continues to apply the revenue recognition accounting standard adopted from the first quarter in the third quarter. There has been no impact on profit or loss, and advances received are presented as contract liabilities. - FY2022-Q1First statedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter of the current fiscal year, and now recognizes revenue at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. The adoption of the accounting standards for revenue recognition had no impact on profit or loss. However, “advances received,” which was presented under “current liabilities” on the balance sheet for the previous fiscal year, has been presented within “contract liabilities” under “current liabilities” since the first quarter of the current fiscal year.」
The Company adopted the accounting standards for revenue recognition and fair value measurement, among others, from the beginning of the current quarter. The adoption of the revenue recognition standard had no impact on profit or loss, and advances received are presented as contract liabilities.