Application of the Revenue Recognition and Fair Value Measurement Accounting Standards for the Fiscal Year Ending February 2023
First written in FY2022. 2 of 5 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2024-Q3.
125 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement was applied from the beginning of the first quarter of the consolidated accounting period, and the new accounting policies prescribed by the guidance will be applied prospectively. There is no impact on the quarterly consolidated financial statements.」
The company applied the Implementation Guidance on the Accounting Standard for Fair Value Measurement from the beginning of the current period and reconfirmed that the accounting treatment had no impact on the quarterly consolidated financial statements. - FY2024-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 in the guidance prospectively. There is no impact on the quarterly consolidated financial statements.」
The company applied the Implementation Guidance on the Accounting Standard for Fair Value Measurement, scheduled for FY2023, from the beginning of the current first quarter of the consolidated accounting period. It stated that there was no impact on the quarterly consolidated financial statements. - FY2023Additional disclosure of unadopted accounting standards and clarification of their impactAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021) will be applied from the beginning of the fiscal year ending February 2024.」
Following the application of the accounting standards for revenue recognition and fair value measurement, the company disclosed plans to apply the Implementation Guidance on the Accounting Standard for Fair Value Measurement from the beginning of the fiscal year ending February 2024. It also indicated that applying the revenue recognition standard increased operating income and other items for the period by ¥51.333 million. - FY2023-Q1AchievedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter and now recognizes revenue when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services.」
The company applied the revenue recognition accounting standard, scheduled for FY2022, from the beginning of the current first quarter of the consolidated accounting period. It also changed the revenue recognition method for performance obligations satisfied over time and certain resale transactions, and adopted net presentation for transactions conducted as an agent. - FY2022First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending February 2023. The Accounting Standard for Fair Value Measurement and related standards will also be applied from the beginning of the fiscal year ending February 2023.」
The company disclosed for the first time that it planned to apply the new accounting standards for revenue recognition and fair value measurement from the beginning of the fiscal year ending February 2023. The impact on the consolidated financial statements was still under assessment at the time of filing.