IFRS Adoption and Development of the Accounting Framework
First written in FY2019-Q1. 6 of 12 entries say "Restated". Latest entry: FY2026-H1.
19 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「The Group's condensed interim consolidated financial statements have been prepared in accordance with International Accounting Standard 34, 'Interim Financial Reporting,' pursuant to Article 312 of the Regulation on Terminology, Forms, and Preparation Methods of Consolidated Financial Statements.」
The Group continues to prepare interim consolidated financial statements in accordance with IFRS and IAS 34. - FY2024Assessment of the impact of not applying IFRS 18Annual report
「Of the principal standards and interpretations issued by the date of approval of the Group's consolidated financial statements, IFRS 18, 'Presentation and Disclosure in Financial Statements,' had not been applied as of the consolidated reporting date. The impact of applying this standard on the consolidated financial statements is under consideration.」
While continuing to apply IFRS, the Group has not yet applied IFRS 18 and is considering its impact on the financial statements. - FY2024-Q1Adoption of amendments to IAS 12Annual report
「Beginning with the first quarter of the current consolidated fiscal year, the Group has applied the amendment to IAS 12, 'Deferred Tax related to Assets and Liabilities arising from a Single Transaction.' The amendment has not had a material impact on the consolidated financial statements for the previous consolidated fiscal year or the current consolidated fiscal year.」
Under its IFRS-based accounting framework, the Group applied the amendment to IAS 12 from the first quarter. It states that there is no material impact on the financial statements for the previous consolidated fiscal year or the current consolidated fiscal year. - FY2023-Q3RestatedAnnual report
「The significant accounting policies applied in the condensed quarterly consolidated financial statements for the nine-month period ended in the third quarter of the current consolidated fiscal year are the same as those applied in the consolidated financial statements for the previous consolidated fiscal year.」
The Group continued applying its IFRS-based accounting policies and reconfirmed that there were no changes to significant accounting policies during the nine-month period ended in the third quarter. - FY2023-Q1RestatedAnnual report
「The significant accounting policies applied in the condensed quarterly consolidated financial statements for the nine-month period ended in the first quarter of the current consolidated fiscal year are the same as those applied in the consolidated financial statements for the previous consolidated fiscal year.」
The Group continues to apply its IFRS-based accounting policies and states that there were no changes to significant accounting policies during the quarter. - FY2021-Q2RestatedAnnual report
「With respect to the application of IFRS, the Group obtains press releases and standards published by the International Accounting Standards Board as they become available and keeps abreast of the latest standards. In addition, to prepare appropriate consolidated financial statements in accordance with IFRS, the Group has developed group accounting policies compliant with IFRS and applies accounting treatments based on those policies.」
The Group continues to monitor the latest IFRS standards and maintain a framework for accounting treatments based on IFRS-compliant group accounting policies. - FY2020-Q2RestatedAnnual report
「Following the adoption of IFRS 16, lessee leases are accounted for under a single accounting model. In principle, this requires recognition in the consolidated statement of financial position of a right-of-use asset representing the right to use the underlying asset and a lease liability representing the obligation to pay lease payments for all leases.」
The Group continued recognising and accounting for right-of-use assets and lease liabilities under IFRS 16, as initiated in the previous quarter. - FY2020-Q1AdvancedAnnual report
「As a result, lease liabilities and right-of-use assets of ¥1,585.037 million were recognised in the condensed quarterly consolidated statement of financial position at the date of initial application.」
The Group began applying IFRS 16 and recognised lease liabilities and right-of-use assets of ¥1,585.037 million at the date of initial application. - FY2019AdvancedAnnual report
「The Group first applied IFRS from the consolidated fiscal year ended 30 June 2019, with 1 July 2017 as the IFRS transition date.」
The Group completed its first-time adoption of IFRS in the consolidated financial statements for the fiscal year ended June 2019, following its initial application at the quarterly stage. - FY2019-Q3Disclosure of the planned adoption of a new standardAnnual report
「IFRS 16 Leases 1 January 2019 Fiscal year ending June 2020 Revised accounting treatment for lease recognition」
For IFRS 16, the mandatory effective date is stated as 1 January 2019 and the Group's adoption date as the fiscal year ending June 2020. The impact of adoption is under consideration and cannot be estimated at this time. - FY2019-Q2RestatedAnnual report
「Beginning with the nine-month period ended in the first quarter of the current consolidated fiscal year, the Group has applied International Financial Reporting Standards (IFRS) in place of the previous Japanese accounting standards. The figures for the six-month period ended in the second quarter of the previous fiscal year and the previous consolidated fiscal year have also been recast on an IFRS basis for comparative analysis.」
The Group continued applying IFRS in the second quarter following its introduction in the first quarter, and recast the comparative information on an IFRS basis. - FY2019-Q1First statedAnnual report
「Beginning with the nine-month period ended in the first quarter of the current consolidated fiscal year, the Group has applied International Financial Reporting Standards (IFRS) in place of the previous Japanese accounting standards. The figures for the nine-month period ended in the first quarter of the previous fiscal year and the previous consolidated fiscal year have also been recast on an IFRS basis for comparative analysis.」
The Group adopted IFRS for the first time from the first quarter in place of the Japanese accounting standards and recast the comparative information on an IFRS basis. It also describes the framework for preparing IFRS-based financial statements, including coordination with the audit firm, understanding IFRS standards, and developing group accounting policies.