Response to the New Revenue Recognition and Fair Value Measurement Accounting Standards
First written in FY2021. 3 of 8 entries say "Restated". Latest entry: FY2023.
131 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement and related standards from the beginning of the current fiscal year and will apply prospectively the new accounting policies prescribed in the guidance. This has no impact on the financial statements for the current fiscal year.」
This reiterates the explanation that the Implementation Guidance on Accounting Standard for Fair Value Measurement was applied from the beginning of the current fiscal year and had no impact on the financial statements for the current fiscal year. - FY2023-Q2RestatedAnnual report
「The company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement and related standards from the beginning of the first quarter accounting period. In accordance with the transitional treatment prescribed in Paragraph 27-2 of the Fair Value Measurement Guidance, the company will apply prospectively the new accounting policies prescribed in the guidance. This has no impact on the quarterly financial statements.」
This reiterates the explanation that the Implementation Guidance on Accounting Standard for Fair Value Measurement was applied from the beginning of the first quarter accounting period and had no impact on the quarterly financial statements. - 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 Guidance”) and related standards from the beginning of the first quarter accounting period. In accordance with the transitional treatment prescribed in Paragraph 27-2 of the Fair Value Measurement Guidance, the company will apply prospectively the new accounting policies prescribed in the guidance. This has no impact on the quarterly financial statements.」
The Implementation Guidance on Accounting Standard for Fair Value Measurement, which had been scheduled for application in the previous fiscal year, was applied from the beginning of the first quarter accounting period. The company stated that it had no impact on the quarterly financial statements. - FY2022AdvancedAnnual report
「The company will apply the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the fiscal year ending March 2023.」
The company indicated plans to apply the revised implementation guidance on the accounting standard for fair value measurement from the beginning of the fiscal year ending March 2023 and expects the impact on the financial statements to be immaterial. - FY2022-Q3Disclosure of the impact of applying accounting standards on financial resultsAnnual report
「As a result, during the cumulative third quarter, net sales decreased by ¥1,136.816 million, operating profit decreased by ¥901.557 million, and ordinary profit and profit before tax for the quarter each decreased by ¥822.878 million.」
The company specifically disclosed the impact of the Accounting Standard for Revenue Recognition and related standards, applied from the beginning of the first quarter accounting period, on net sales, operating profit, ordinary profit and other items during the cumulative third quarter. - FY2022-Q2RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were applied from the beginning of the first quarter accounting period. Revenue is recognized 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 reaffirmed that it applied the Accounting Standard for Revenue Recognition from the beginning of the first quarter accounting period and recognizes revenue when control is transferred. During the cumulative second quarter, net sales and operating profit declined by ¥21.963 million. - FY2022-Q1AchievedAnnual report
「The company has adopted the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter accounting period.」
The Accounting Standard for Revenue Recognition and related standards, which had been scheduled for application in the previous fiscal year, were applied from the beginning of the first quarter accounting period commencing 1 April 2021. The accounting standards for fair value measurement and related standards were also applied from the beginning of the current fiscal year. - FY2021First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending March 2022.」
This is the first disclosure of plans to apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022. The impact on the financial statements is currently being assessed.