Adoption of New Accounting Standards for Revenue Recognition and Fair Value Measurement
First written in FY2022-Q1. 2 of 5 entries say "Restated". Latest entry: FY2025-H1.
15 other companies' latest entry also says "Advanced".
- FY2025-H1AdvancedAnnual report
「We have applied the Accounting Standard for Corporate Taxes, Inhabitant Taxes and Enterprise Taxes and related standards from the beginning of the interim consolidated fiscal period.」
Following the standards on revenue recognition and fair value measurement, the company applied the amended accounting standards and other provisions concerning corporate income taxes from the beginning of the interim period of fiscal 2025. It stated that there was no impact on the financial statements. - FY2023-Q1AdvancedAnnual 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 for the fair value measurement accounting standard from the beginning of the first quarter of fiscal 2023 and applied the new accounting policy prospectively. There was no impact on the financial statements. - FY2022-Q3RestatedAnnual report
「As a result, for certain medical assistance services and other services, the company changed its method of recognising revenue from the first quarter of the current consolidated fiscal year to recognising revenue over a specified period as performance obligations are satisfied. There was no impact on profit or loss for the cumulative second quarter of the current fiscal year.」
The company continued allocating revenue over time based on the revenue recognition accounting standard applied from the first quarter, and the third-quarter report also showed no material impact on profit or loss. - FY2022-Q2RestatedAnnual report
「As a result, for certain medical assistance services and other services, the company changed its method of recognising revenue from the first quarter of the current consolidated fiscal year to recognising revenue over a specified period as performance obligations are satisfied. There was no impact on profit or loss for the cumulative second quarter of the current fiscal year.」
The company continued allocating revenue over time based on the revenue recognition accounting standard applied from the first quarter, and stated that there was no impact on profit or loss for the cumulative second quarter. - FY2022-Q1First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and other standards from the beginning of the first quarter of the current consolidated fiscal year, and now recognises revenue at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer. As a result, for certain medical assistance services and other services, the company changed its method of recognising revenue from the first quarter of the current consolidated fiscal year to recognising revenue over a specified period as performance obligations are satisfied. The company also applied the Accounting Standard for Fair Value Measurement (Accounting Standard No. 30, 4 July 2019) and other standards from the beginning of the first quarter of the current consolidated fiscal year, and has applied the new accounting policies prescribed by the fair value measurement standards prospectively.」
The company applied the revenue recognition accounting standard and fair value measurement accounting standard from the first quarter of fiscal 2022. For certain medical assistance services and other services, it changed to recognising revenue over a specified period, but stated that there was no impact on profit or loss for the quarter or retained earnings at the beginning of the fiscal year.