Response to IFRS 15 and IFRS 16 and Changes to Revenue Recognition
First written in FY2017. 2 of 4 entries say "Cited as achieved", first in FY2018-Q2. Latest entry: FY2018-Q3.
0 other companies' latest entry also says "Cited as achieved".
- FY2018-Q3Cited as achievedAnnual report
「Our group has applied IFRS 15, “Revenue from Contracts with Customers,” from the first quarter of the current consolidated fiscal year.」
Following the application of IFRS 15, the company recognized current contract liabilities of ¥11,415 million and non-current contract liabilities of ¥90,769 million, and continued to disclose the impact of the changes to revenue recognition. - FY2018-Q2Cited as achievedAnnual report
「Our group has applied IFRS 15, “Revenue from Contracts with Customers,” from the first quarter of the current consolidated fiscal year.」
Following the application of IFRS 15, the company has continued to disclose the recognition of contract liabilities and the impact on retained earnings. At the end of the second quarter, it recognized current contract liabilities of ¥11,596 million and non-current contract liabilities of ¥88,211 million. - FY2018-Q1AchievedAnnual report
「Our group has applied IFRS 15, “Revenue from Contracts with Customers,” from the first quarter of the current consolidated fiscal year.」
IFRS 15, which had been scheduled for introduction in the previous fiscal year, was applied from 1 January 2018. At the date of initial application, retained earnings decreased by ¥70,242 million, and the impact on revenue recognition and financial figures materialized, including through the recognition of contract liabilities. - FY2017First statedAnnual report
「The application of this standard will primarily affect the timing of revenue recognition arising from license agreements entered into by our group with third parties concerning development rights, marketing rights and other rights for products under development. Retained earnings at the date of initial application are expected to decrease by approximately ¥70 billion.」
In preparation for applying IFRS 15 from the fiscal year ending December 2018, the company reviewed the timing of revenue recognition under its license agreements and indicated that retained earnings were expected to decrease by approximately ¥70 billion at the date of initial application. IFRS 16 was scheduled to be applied from the fiscal year ending December 2019, with its impact still under review.