Risk of Changes to Accounting Standards and Tax Systems
First written in FY2016. 8 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 2 of 13 companies on the "Worse" side.
10 other companies' latest entry also says "Other".
- FY2026Disclosure of the planned adoption of the lease accounting standardAnnual report
「Amendments to the Accounting Standard for Leases (Accounting Standard No. 34, 13 September 2024), related Accounting Standards, Implementation Guidance on Accounting Standards, Practical Solution Reports and Transfer Guidance」
The company plans to apply the new lease accounting standard and other standards, which require lessees to recognize lease assets and liabilities, from the beginning of the fiscal year ending March 2028, and states that the impact is under evaluation. - FY2024-Q2RestatedAnnual report
「The company's quarterly consolidated financial statements are prepared in accordance with the Cabinet Office Ordinance on Terminology, Forms and Preparation Methods of Quarterly Consolidated Financial Statements (Cabinet Office Ordinance No. 64 of 2007).」
The company continues to use quarterly consolidated financial statements as the basis for its accounting and disclosures. - FY2023RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and other standards from the beginning of the 49th fiscal year. Key management indicators and other metrics for the 49th fiscal year and subsequent periods reflect application of those standards.」
The company continues to disclose metrics following application of the revenue recognition accounting standard. - FY2022RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and other standards from the beginning of the 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 continues to disclose the accounting policy applied after adopting the revenue recognition accounting standard that it had planned to apply in the previous fiscal year. - FY2022-Q3RestatedAnnual report
「The adoption of the revenue recognition accounting standard and other standards follows the transitional treatment prescribed in the proviso to Paragraph 84 of the standard. The cumulative effect of retrospectively applying the new accounting policy before the beginning of the first-quarter consolidated accounting period was adjusted to retained earnings at the beginning of that period, after which the new accounting policy was applied from that opening balance.」
The company continues to disclose its policy of applying the revenue recognition accounting standard from the beginning of the fiscal year. The net presentation of agent transactions reduced net sales and cost of sales by ¥10,322 thousand each during the cumulative first nine months of the fiscal year, with no impact on profit. - FY2022-Q1AdvancedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and other standards from the beginning of the first-quarter consolidated accounting period 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 actually applied, from the beginning of the first-quarter consolidated accounting period, the revenue recognition accounting standard that it had planned to adopt in the previous fiscal year. Revenue from transactions as an agent was changed to a net presentation, reducing net sales and cost of sales by ¥3,442 thousand each, with no impact on profit. - FY2021Disclosure of the planned adoption of the revenue recognition accounting standardAnnual report
「Revenue Recognition Accounting Standard (ASBJ Statement No. 29, 31 March 2020)」
The company planned to apply the new revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and expected the impact to be immaterial. - FY2020RestatedAnnual report
「The introduction or amendment of accounting standards or tax laws not anticipated by the company in the future may affect its financial condition and operating results.」
The company continues to describe the potential impact on its financial condition and operating results of the unanticipated introduction or amendment of accounting standards or tax laws. - FY2019-Q3RestatedAnnual report
「We have applied the “Partial Amendments to the Accounting Standard for Tax Effect Accounting” (Accounting Standard for Business Enterprises No. 28, dated 16 February 2018) and other standards from the beginning of the first quarter accounting period, and deferred tax assets are presented under investments and other assets.」
The company continues to disclose that it applied amendments to the standards for tax effect accounting and other standards from the beginning of the first-quarter accounting period. - FY2019-Q1Accounting standard amendment adoptedAnnual report
「We have applied from the beginning of the first quarter the Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and related standards, and present deferred tax assets under investments and other assets.」
The company applied amendments to the standards for tax effect accounting and other standards from the beginning of the first-quarter accounting period and changed the presentation category for deferred tax assets. - FY2018RestatedAnnual report
「The introduction or amendment of accounting standards or tax laws not anticipated by the company in the future may affect its financial condition and operating results.」
The company continues to describe the potential impact on its financial condition and operating results of the unanticipated introduction or amendment of accounting standards or tax laws. - FY2017RestatedAnnual report
「The introduction or amendment of accounting standards or tax laws not anticipated by the company in the future may affect its financial condition and operating results.」
The company continues to describe the potential impact on its financial condition and operating results of the unanticipated introduction or amendment of accounting standards or tax laws. - FY2017-Q3Accounting policy changedAnnual report
「In accordance with the amendment to the Corporation Tax Act, the company adopted in the first-quarter accounting period the Practical Solution on Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016), changing the depreciation method for building附属 equipment and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. The impact on the quarterly financial statements during the cumulative first nine months of the fiscal year was immaterial.」
Following the tax reform, the depreciation method for building附属 equipment and structures was changed from the declining-balance method to the straight-line method. The company stated that the impact on the financial statements was immaterial. - FY2016First statedAnnual report
「The introduction or amendment of accounting standards or tax laws not anticipated by the company in the future may affect its financial condition and operating results.」
The company describes the potential impact on its financial condition and operating results of the unanticipated introduction or amendment of accounting standards or tax laws.