Preparation for the Adoption of New Accounting Standards on Revenue Recognition, Fair Value Measurement and Other Matters
First written in FY2020. 3 of 6 entries say "Restated". Latest entry: FY2023.
126 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「We adopted the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the current consolidated fiscal year and will apply the new accounting policies prescribed by the guidance prospectively. This had no impact on the consolidated financial statements.」
The company continued to disclose that it applied the implementation guidance for the Accounting Standard for Fair Value Measurement from the beginning of the fiscal year and that it had no impact on the financial statements. - FY2023-Q1AchievedAnnual report
「We have 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 period. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, we will apply prospectively the new accounting policies prescribed in the guidance. This has no impact on the quarterly consolidated financial statements.」
The company actually applied the implementation guidance for the Accounting Standard for Fair Value Measurement, which had been scheduled for application, from the beginning of the first quarter of the current fiscal year. It stated that there was no impact on the quarterly consolidated financial statements. - FY2022RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the current consolidated fiscal year. 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 continued its policy of applying the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year, and disclosed that the adoption reduced revenue by ¥90.05 million, operating profit and other items by ¥95.118 million, and the opening balance of retained earnings by ¥634.64 million. - FY2022-Q3RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. 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 transfers to the customer.」
The company continues to apply its policy of adopting the Accounting Standard for Revenue Recognition and related standards from 1 April 2021. For the 9-month period ended 31 December, it also disclosed decreases of ¥199.004 million in revenue and ¥170.475 million in operating profit and other items as an impact of the adoption. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized 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.」
The Accounting Standard for Revenue Recognition and related standards, which had been scheduled for application from the fiscal year ending March 2022, were actually applied from 1 April 2021. The methods used to recognize revenue from processed-product sales, photo sales and the points program were also changed. - FY2020First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending March 2022.」
The company disclosed for the first time that it planned to apply the Accounting Standard for Revenue Recognition, the Accounting Standard for Fair Value Measurement and other standards from the fiscal year ending March 2021 or the fiscal year ending March 2022.