Future Adoption of New Accounting Standards, Including Revenue Recognition and Fair Value Measurement
First written in FY2020. 2 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 7 of 71 companies on the "Worse" side.
39 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Accounting Standard for Leases and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2028.」
The company plans to apply the new lease accounting standard from the beginning of the fiscal year ending March 2028, with the impact amount still under assessment. - FY2025ReframedAnnual report
「The Accounting Standard for Leases and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2028.」
The scope was updated from the previously covered revenue recognition and fair value measurement standards to the planned adoption from the beginning of the fiscal year ending March 2028 of the lease accounting standard, under which all leases will be recognized as right-of-use assets and lease liabilities. - FY2022Disclosure of the full-year impact of adopting the new accounting standardsAnnual report
「As a result, revenue for the current consolidated fiscal year increased by ¥495.369 million, cost of sales decreased by ¥10.815 million, and operating profit, ordinary profit and profit before income taxes and other adjustments each decreased by ¥484.554 million. The opening balance of retained earnings decreased by ¥603.279 million because the cumulative impact was reflected in net assets at the beginning of the current consolidated fiscal year.」
The company disclosed the full-year impact of applying the revenue recognition standard on revenue, cost of sales, profit and retained earnings. - FY2022-Q3Update to the impact of adopting the new accounting standardsAnnual report
「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year increased by ¥29.756 million, cost of sales decreased by ¥301.162 million, and operating loss, ordinary loss and quarterly loss before income taxes and other adjustments each decreased by ¥330.919 million. The opening balance of retained earnings decreased by ¥603.279 million.」
The company updated its disclosure of the impact of applying the revenue recognition standard on revenue, cost of sales, the various losses and retained earnings for the cumulative third quarter. - FY2022-Q2Disclosure of the impact of adopting the new accounting standardsAnnual report
「As a result, revenue for the cumulative second quarter of the current consolidated fiscal year decreased by ¥84.825 million, cost of sales decreased by ¥303.866 million, and operating loss, ordinary loss and quarterly loss before income taxes and other adjustments each decreased by ¥219.040 million. The opening balance of retained earnings decreased by ¥603.279 million.」
The company specifically disclosed the impact of applying the revenue recognition standard on revenue, cost of sales, losses and retained earnings. - FY2022-Q1AchievedAnnual report
「The company applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current consolidated fiscal year, and recognizes revenue 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. The company also applied the “Accounting Standard for Fair Value Measurement” and related standards from the beginning of the first quarter of the current consolidated fiscal year.」
The new accounting standards on revenue recognition and fair value measurement, which had been scheduled for adoption through the previous fiscal year, were actually applied from the beginning of the first quarter of the fiscal year ending March 2022. - FY2021RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” and related standards will be applied from the beginning of the fiscal year ending March 2022. The “Accounting Standard for Fair Value Measurement” and related standards will also be applied from the beginning of the fiscal year ending March 2022.」
The company continued to disclose its plan to apply the new accounting standards on revenue recognition and fair value measurement from the beginning of the fiscal year ending March 2022, with the impact amount still under assessment or undetermined. - FY2020First statedAnnual report
「The “Accounting Standard for Revenue Recognition” and related standards will be applied from the beginning of the fiscal year ending March 2022. The “Accounting Standard for Fair Value Measurement” and related standards will also be applied from the beginning of the fiscal year ending March 2022.」
The company first created a thread covering the planned adoption timing and status of its impact assessment for the new standards on revenue recognition, fair value measurement, disclosure of accounting policies and disclosure of accounting estimates.