Adoption of Accounting Standards for Revenue Recognition and Fair Value Measurement of Financial Instruments
First written in FY2021. 5 of 8 entries say "Restated". Latest entry: FY2023.
126 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement has been applied from the beginning of the current consolidated fiscal year, and the new accounting policies specified in the Fair Value Measurement Guidance are being applied prospectively. The impact on the consolidated financial statements is immaterial.」
The company continues to disclose the application of the Fair Value Measurement Guidance and the transition to the new accounting policies, stating that the impact is immaterial. - FY2023-Q3RestatedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the “Fair Value Measurement Guidance”) has been applied from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment stipulated in paragraph 27-2 of the Fair Value Measurement Guidance, the new accounting policies specified in the guidance are being applied prospectively. The impact on the quarterly consolidated financial statements is immaterial.」
The company continues to disclose the application of the Fair Value Measurement Guidance and the transition to the new accounting policies, stating that the impact on the financial statements is immaterial. - FY2023-Q1AchievedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the “Fair Value Measurement Guidance”) has been applied from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment stipulated in paragraph 27-2 of the Fair Value Measurement Guidance, the new accounting policies specified in the guidance are being applied prospectively. The impact on the quarterly consolidated financial statements is immaterial.」
The company applied the Fair Value Measurement Guidance from the beginning of the first quarter and transitioned to the new accounting policies. The impact on the financial statements is considered immaterial. - FY2022RestatedAnnual report
「As a result, revenue and cost of sales for the current consolidated fiscal year increased by ¥1,086 million and ¥796 million, respectively, while operating profit, ordinary profit and profit before income taxes increased by ¥289 million each. The opening balance of retained earnings also increased by ¥121 million.」
The accounting standards for revenue recognition were applied for the full fiscal year, and the company disclosed impacts of ¥1,086 million on revenue, ¥289 million on operating profit and related items, and ¥121 million on the opening balance of retained earnings. - FY2022-Q3RestatedAnnual report
「As a result, revenue and cost of sales for the cumulative third quarter of the current consolidated fiscal year increased by ¥1,991 million and ¥1,412 million, respectively, while operating profit, ordinary profit and profit before income taxes increased by ¥579 million each. The opening balance of retained earnings also increased by ¥121 million.」
The company disclosed the impact for the cumulative period of applying the accounting standards for revenue recognition from the first quarter: revenue increased by ¥1,991 million, operating profit and related items by ¥579 million, and retained earnings by ¥121 million. - FY2022-Q2RestatedAnnual report
「The application of the revenue recognition accounting standard and related guidance follows the transitional treatment specified in the proviso to Paragraph 84 of the revenue recognition accounting standard. The cumulative effect of retrospectively applying the new accounting policy to periods before the beginning of the first quarter of the current consolidated fiscal year was added to or deducted from retained earnings at the beginning of that quarter, and the new accounting policy was applied from that opening balance.」
The company continues to disclose the accounting treatment for the accounting standards for revenue recognition applied from the first quarter, including the effects of transitional measures, contract assets, costs on uncompleted contracts and retained earnings. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognised 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 applied the previously planned accounting standards for revenue recognition and related standards from the first quarter beginning 1 August 2021. The accounting standards for fair value measurement and related standards were also applied from the same fiscal year-opening date. - FY2021First statedAnnual report
「The accounting standards for revenue recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending July 2022.」
The company plans to apply the accounting standards for revenue recognition and fair value measurement of financial instruments, among others, from the beginning of the fiscal year ending July 2022. The amount of the impact is under assessment or has not been determined.