Preparation for adopting new accounting standards, including tax-effect accounting and revenue recognition
First written in FY2018. 8 of 18 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2025: 7 of 73 companies on the "Worse" side.
50 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The Accounting Standard for Accounting for Income Taxes, Resident Taxes and Enterprise Taxes, etc. (ASBJ Statement No. 27, 28 October 2022; hereinafter, the “2022 Revised Accounting Standard”), and other standards have been applied from the beginning of the current consolidated fiscal year.」
The company adopted the 2022 amendments to the accounting standards and related standards from the beginning of the current consolidated fiscal year. The amendments were stated to have no impact on the financial statements. - FY2025-H1AdvancedAnnual report
「We have applied the Accounting Standard for Accounting for Income Taxes, Residents’ Taxes and Enterprise Taxes (Accounting Standards Board of Japan Statement No. 27, 28 October 2022) and other standards from the beginning of the current interim consolidated accounting period.」
The company adopted the 2022 amendments to the accounting standards for income taxes and related standards from the beginning of the current interim consolidated accounting period. The amendments were stated to have no impact on the financial statements. - FY2024AdvancedAnnual report
「“Accounting Standard for Leases” and related standards (2) Scheduled adoption date To be adopted from the beginning of the fiscal year ending September 2028. (3) Impact of applying the accounting standard and related standards The impact on the consolidated financial statements is currently being assessed.」
The company scheduled adoption of the new lease accounting standard from the beginning of the fiscal year ending September 2028 and began assessing its impact on the financial statements. - FY2023-Q3RestatedAnnual report
「The company’s subsidiary that applies US GAAP has adopted US GAAP ASU 2016-02, “Leases,” from the first quarter of the current fiscal year. As a result, lease transactions for lessees have changed to a method that generally recognizes assets and liabilities for all leases.」
The company reconfirmed the application of ASU 2016-02, “Leases,” at the subsidiary applying US GAAP. The increases in assets and liabilities at the start of adoption were as stated in the annual securities report, and the impact on profit or loss for the cumulative period of the current quarter was described as minor. - FY2023-Q1AchievedAnnual report
「The company’s subsidiary that applies US GAAP has adopted US GAAP ASU 2016-02, “Leases,” from the first quarter of the current fiscal year. As a result, lease transactions for lessees have changed to a method that generally recognizes assets and liabilities for all leases. At the beginning of the first quarter of the current fiscal year, property, plant and equipment increased by ¥568 million, current liabilities by ¥169 million, and non-current liabilities by ¥398 million.」
The US GAAP lease standard, which had been scheduled for adoption from the beginning of the fiscal year ending September 2023, was adopted by the subsidiary applying US GAAP from the first quarter. The impact on profit or loss was described as minor. - FY2022AdvancedAnnual report
「“Leases” (US GAAP ASU 2016-02) (overseas consolidated subsidiary) (2) Scheduled adoption date Scheduled for adoption from the beginning of the fiscal year ending September 2023.」
Regarding its response to new accounting standards, the company planned to adopt the US GAAP lease standard at an overseas consolidated subsidiary from the beginning of the fiscal year ending September 2023 and was proceeding with an assessment of the impact. - FY2022-Q3RestatedAnnual report
「The company has adopted the “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. The “Accounting Standard for Revenue Recognition” (30 March 2018) and related standards had been adopted from the beginning of the previous consolidated fiscal year. As these standards primarily revise requirements for revenue recognition disclosures, including presentation and notes, their adoption has no impact on the quarterly consolidated financial statements for the third quarter of the current fiscal year.」
The company reconfirmed the application of the revised revenue recognition standards and stated that they had no impact on the quarterly consolidated financial statements for the third quarter of the current fiscal year. - FY2022-Q2RestatedAnnual report
「The company has adopted the “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. The “Accounting Standard for Revenue Recognition” (30 March 2018) and related standards had been adopted from the beginning of the previous consolidated fiscal year. As these standards primarily revise requirements for revenue recognition disclosures, including presentation and notes, their adoption has no impact on the quarterly consolidated financial statements for the second quarter of the current fiscal year.」
The company reconfirmed the application of the revised revenue recognition standards and stated that they had no impact on the quarterly consolidated financial statements for the second quarter of the current fiscal year. - FY2022-Q1AdvancedAnnual report
「The Company applied the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019; hereinafter, the “Fair Value Measurement Standard”) and other standards from the beginning of the first quarter of the current fiscal year, and decided to apply prospectively the new accounting policies prescribed by the Fair Value Measurement Standard and other standards in accordance with the transitional treatment stipulated in paragraph 19 of the Fair Value Measurement Standard and paragraph 44-2 of the Accounting Standard for Financial Instruments (ASBJ Statement No. 10, 4 July 2019). This had no impact on the quarterly consolidated financial statements.」
The company adopted the fair value measurement accounting standards and related standards, which had been scheduled for adoption from the beginning of the fiscal year ending September 2022, from the beginning of the first quarter of the current fiscal year. It stated that the adoption had no impact on the financial statements. - FY2021AdvancedAnnual report
「• “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020) (2) Scheduled adoption date Scheduled for adoption from the beginning of the fiscal year ending September 2022. • “Accounting Standard for Fair Value Measurement” and related standards (2) Scheduled adoption date Scheduled for adoption from the beginning of the fiscal year ending September 2022.」
The company stated that the revenue recognition disclosure standards and the fair value measurement-related standards were scheduled for adoption from the beginning of the fiscal year ending September 2022, specifying its preparations for the accounting standards. - FY2021-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 30 March 2018) and related standards have been applied from the beginning of the first quarter consolidated accounting period of the previous fiscal year.」
The company reconfirmed that it had been applying the revenue recognition standards and related guidance from the beginning of the first quarter of the previous fiscal year. No transition to a new adoption stage was disclosed. - FY2021-Q1RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 30 March 2018) and related standards have been applied from the beginning of the first quarter consolidated accounting period of the previous fiscal year.」
The company reconfirmed that it had been applying the revenue recognition standards and related guidance from the beginning of the first quarter of the previous fiscal year. - FY2020-Q3RestatedAnnual report
「The company adopted the revenue recognition standards and related guidance from the beginning of the first quarter of the current 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 transfers to the customer. As a result, for the nine months ended the third quarter of the current fiscal year, revenue increased by ¥864 million, cost of sales increased by ¥582 million, and operating income, ordinary income and profit before income taxes increased by ¥281 million each.」
The company continued applying the revenue recognition standards and related guidance, recognizing revenue based on the progress of performance obligations satisfied over time in its powder-related business. For the nine months ended the third quarter, the application increased revenue by ¥864 million and operating income and other items by ¥281 million. - FY2020-Q1AdvancedAnnual report
「The Group’s subsidiaries that apply IFRS have adopted IFRS 16, “Leases,” from the first quarter of the current fiscal year. Following the decision that the accounting standards for revenue recognition and the related implementation guidance could be adopted from the beginning of consolidated fiscal years commencing on or after 1 April 2018, the Group adopted the revenue recognition standards and related guidance from the beginning of the first quarter of the current fiscal year.」
A subsidiary applying IFRS adopted IFRS 16, “Leases,” and also adopted the revenue recognition standards and related guidance from the beginning of the first quarter of the current fiscal year. As a result of the change in the revenue recognition method, revenue increased by ¥362 million, while operating income, ordinary income and other items each increased by ¥95 million. - FY2019-Q3RestatedAnnual report
「We have applied the “Partial Amendments to the Accounting Standard for Tax Effect Accounting” (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the first-quarter consolidated accounting period. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The company continues to apply partial amendments to the accounting standards for tax-effect accounting and related guidance from the beginning of the first quarter of the fiscal year. - FY2019-Q2RestatedAnnual report
「We have applied the “Partial Amendments to the Accounting Standard for Tax Effect Accounting” (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the first-quarter consolidated accounting period. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The company continues to apply partial amendments to the accounting standards for tax-effect accounting and related guidance from the beginning of the first quarter of the fiscal year. - FY2019-Q1AdvancedAnnual report
「The partial revision of the Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, 16 February 2018) and related standards have been applied from the beginning of the current first quarter of the consolidated fiscal year. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The company adopted partial amendments to the accounting standards for tax-effect accounting and related guidance from the beginning of the first quarter of the current fiscal year. Having previously disclosed preparations for adoption, it moved to the adoption stage for tax-effect accounting. - FY2018First statedAnnual report
「The Group is currently assessing the impact of applying the new revenue recognition standard on its financial position, operating results and other matters.」
The company planned to apply the implementation guidance on tax-effect accounting from the beginning of the fiscal year ending September 2019 and the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending September 2034, and was assessing their impact on the financial statements.