Future application of new accounting standards for revenue recognition and fair value measurement
First written in FY2020. 3 of 9 entries say "Restated". Latest entry: FY2024-Q2.
33 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「Information disaggregating revenue arising from contracts with customers」
The company continues to present disaggregated revenue following application of the Accounting Standard for Revenue Recognition. - FY2024-Q1RestatedAnnual report
「Information disaggregating revenue arising from contracts with customers」
The company continues to present disaggregated revenue following application of the Accounting Standard for Revenue Recognition. - FY2022The full-year impact of the revenue recognition standard was disclosedAnnual report
「As a result, compared with the previous method, revenue for the current consolidated fiscal year increased by ¥4,270 million, cost of sales increased by ¥3,051 million, and operating income, ordinary income and income before income taxes increased by ¥1,218 million each.」
The company disclosed that full-year application of the Accounting Standard for Revenue Recognition resulted in a ¥4,270 million increase in revenue and ¥1,218 million increases in operating income, ordinary income and other income measures. - FY2022-Q3Updated the cumulative impact of applying the Accounting Standard for Revenue RecognitionAnnual report
「As a result, the opening balance of retained earnings increased by ¥196 million. Compared with the previous method, revenue for the nine-month period ended the third quarter of the current fiscal year increased by ¥3,478 million, cost of sales increased by ¥2,522 million, and operating income, ordinary income and income before income taxes increased by ¥956 million each.」
For the Accounting Standard for Revenue Recognition applied from the beginning of the first quarter, the company disclosed the impact for the nine-month period as a ¥3,478 million increase in revenue and ¥956 million increases in operating income, ordinary income and other income measures. - FY2022-Q2Updated the cumulative impact of applying the Accounting Standard for Revenue RecognitionAnnual report
「As a result, the opening balance of retained earnings increased by ¥196 million. Compared with the previous method, revenue for the six-month period ended the second quarter of the current fiscal year increased by ¥2,550 million, cost of sales increased by ¥1,787 million, and operating income, ordinary income and income before income taxes increased by ¥763 million each.」
For the Accounting Standard for Revenue Recognition applied from the beginning of the first quarter, the company disclosed the impact for the six-month period as a ¥2,550 million increase in revenue and ¥763 million increases in operating income, ordinary income and other income measures. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019, hereinafter the “Fair Value Measurement Standard”) and related standards were applied from the beginning of the first quarter of the current fiscal year. In accordance with the transitional treatment prescribed 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), the new accounting policies prescribed by the Fair Value Measurement Standard and related standards will be applied prospectively. There is no impact on the quarterly consolidated financial statements.」
The Fair Value Measurement Standard and related standards, which had been scheduled for application from the beginning of the fiscal year ending June 2022, were applied from the beginning of the first quarter of the current fiscal year. The company states that there is no impact on the quarterly consolidated financial statements. - 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, which had been scheduled for application from the beginning of the fiscal year ending June 2022, was actually applied from the beginning of the first quarter of the current fiscal year. Compared with the previous method, revenue increased by ¥890 million, while operating income, ordinary income and income before income taxes increased by ¥259 million each. - FY2021RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending June 2022. The Accounting Standard for Fair Value Measurement and related standards are scheduled to be applied from the beginning of the fiscal year ending June 2022.」
The company has reconfirmed its plan to apply the new accounting standards on revenue recognition, fair value measurement and other matters from the beginning of the fiscal year ending June 2022. - FY2020First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending June 2022. The Accounting Standard for Fair Value Measurement and related standards are scheduled to be applied from the beginning of the fiscal year ending June 2022.」
The company has disclosed for the first time that the new standards on revenue recognition, fair value measurement, disclosure of accounting estimates, disclosure of accounting policies and other matters are scheduled to be applied from the fiscal year ending June 2022 onward, with the impact under assessment or yet to be determined.