Planned adoption of new accounting standards relating to tax-effect accounting and revenue recognition
First written in FY2018. 6 of 17 entries say "Restated". Latest entry: FY2026.
33 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Accounting Standard for Leases and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2028.」
The company continues to plan to apply the new lease accounting standard and related standards from the beginning of the fiscal year ending March 2028. - FY2025AdvancedAnnual report
「“Accounting Standard for Leases” (Accounting Standard No. 34, 13 September 2024) / Scheduled to be applied from the beginning of the fiscal year ending March 2028.」
The company added that it plans to apply the new lease accounting standard and related standards, which require lessees to recognize lease assets and liabilities, from the beginning of the fiscal year ending March 2028. The impact is under assessment. - FY2024AdvancedAnnual report
「The Accounting Standard for Corporate Taxes, Resident Taxes and Enterprise Taxes and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2025.」
The company added that it plans to apply the standards related to new income taxes, comprehensive income presentation and tax-effect accounting from the beginning of the fiscal year ending March 2025, and is assessing the impact. - FY2023RestatedAnnual report
「The company applied 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 change has no impact on the consolidated financial statements.」
The company disclosed that it applied the Fair Value Measurement Guidance from the beginning of the full fiscal year and will apply it prospectively, with no impact on the financial statements. - FY2023-Q3RestatedAnnual report
「The company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the first quarter of the current consolidated fiscal year and will apply the new accounting policies prescribed by the guidance prospectively. This change has no impact on the quarterly consolidated financial statements.」
The company continues to disclose that it applied the Fair Value Measurement Guidance from the beginning of the fiscal year and will apply it prospectively, with no impact on the financial statements. - FY2023-Q1Updated the application status of the Implementation Guidance on Accounting Standard for Fair Value MeasurementAnnual report
「The company has applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (Accounting Standards Implementation Guidance No. 31, 17 June 2021, hereinafter the “Fair Value Measurement Guidance”) from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, the company will apply the new accounting policies prescribed by the guidance prospectively. This change has no impact on the quarterly consolidated financial statements for the first quarter or the cumulative first quarter of the current consolidated fiscal year.」
The company applied the Fair Value Measurement Guidance from the beginning of the first quarter of the current consolidated fiscal year and is applying it prospectively in accordance with the transitional treatment. The disclosure states that there is no impact on the financial statements. - FY2022Added the full-year impact of applying the revenue recognition standard and the new standardAnnual report
「The company has applied the Accounting Standard for Revenue Recognition and other standards from the beginning of the current consolidated fiscal year. Revenue is recognized when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, net sales and cost of sales for the current consolidated fiscal year each decreased by ¥631.034 million, with no impact on operating profit, ordinary profit or profit before income taxes.」
The company applied the revenue recognition standard, as previously scheduled, for the full fiscal year. Net sales and cost of sales each decreased by ¥631.034 million, but there was no impact on operating profit or other measures, according to the disclosure. The company also plans to apply the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the fiscal year ending March 2023. - FY2022-Q3Updated the impact for the third quarter from applying the revenue recognition standardAnnual report
「As a result, net sales and cost of sales for the cumulative third quarter of the current consolidated fiscal year each decreased by ¥551.777 million, with no impact on operating profit, ordinary profit or profit before income taxes.」
The company continued applying the revenue recognition accounting standard. For the cumulative third quarter, net sales and cost of sales each decreased by ¥551.777 million, but there was no impact on operating profit or other measures, according to the disclosure. - FY2022-Q2Updated the impact for the first half from applying the revenue recognition standardAnnual report
「As a result, net sales and cost of sales for the cumulative second quarter of the current consolidated fiscal year each decreased by ¥357.006 million, with no impact on operating profit, ordinary profit or profit before income taxes.」
The company continued applying the revenue recognition accounting standard. For the cumulative second quarter, net sales and cost of sales each decreased by ¥357.006 million, but there was no impact on operating profit or other measures, according to the disclosure. - 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 current first quarter of the consolidated fiscal year. Revenue is recognized when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. The "Accounting Standard for Fair Value Measurement" and related standards have also been applied from the beginning of the current first quarter of the consolidated fiscal year, with the new accounting policies prescribed by the fair value measurement standards and related guidance applied prospectively.」
The Company began applying the revenue recognition standard from the beginning of the fiscal year ending March 2022, as previously scheduled. It changed the revenue recognition method for transactions involving customer-supplied parts, reducing both sales and cost of sales for the first quarter by ¥157,753 thousand, with no impact on operating profit or other income measures. The accounting standards for fair value measurement and related standards were also applied simultaneously. - FY2021AdvancedAnnual report
「We applied the Accounting Standard for Disclosure of Accounting Estimates (Accounting Standard No. 31, 31 March 2020) from the consolidated financial statements for the year-end of the current consolidated fiscal year and included notes on significant accounting estimates.」
The Company applied the standard for disclosure of accounting estimates from the end of the current consolidated fiscal year and disclosed warranty provisions, impairment of fixed assets and deferred tax assets as significant accounting estimates. The planned application of the revenue recognition standard and related guidance from the beginning of the fiscal year ending March 2022 remains unchanged. - FY2020AdvancedAnnual report
「The "Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Corrections of Errors" was scheduled to be applied from the fiscal year-end of the fiscal year ending March 2021. The "Accounting Standard for Disclosure of Accounting Estimates" was also scheduled to be applied from that fiscal year-end.」
In addition to the existing revenue recognition standards and related guidance, the Company added planned application of the standards for disclosure of accounting policies and disclosure of accounting estimates. The standards related to fair value measurement were scheduled to be applied from the beginning of the fiscal year ending March 2022. - FY2019RestatedAnnual report
「The "Accounting Standard for Revenue Recognition" and the "Guidance on Application of Accounting Standard for Revenue Recognition" were scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company continued its policy of applying the revenue recognition standard from the beginning of the fiscal year ending March 2022, and disclosed that it was assessing revenue recognition under the 5-step model and the amount of its impact. - FY2019-Q3RestatedAnnual report
「It has applied the "Partial Amendments to Accounting Standard for Tax Effect Accounting" (ASBJ Statement No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the current consolidated fiscal year, presenting deferred tax assets under investments and other assets and deferred tax liabilities under non-current liabilities.」
The partial amendments to the standards related to tax-effect accounting were applied from the beginning of the first quarter of the consolidated fiscal year, and the classification of deferred tax assets and liabilities continues to be disclosed. - FY2019-Q2RestatedAnnual report
「The company has applied the partial amendment 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 of the fiscal year under review. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The partial amendments to the standards related to tax-effect accounting were applied from the beginning of the first quarter of the consolidated fiscal year, and the classification of deferred tax assets and liabilities continues to be disclosed. - FY2019-Q1AdvancedAnnual report
「The partial amendments to the "Accounting Standard for Tax Effect Accounting" (ASBJ Statement No. 28, 16 February 2018) and other standards have been applied from the beginning of the current first quarter of the consolidated fiscal year. Key management indicators for the cumulative first quarter of the previous fiscal year and the previous fiscal year have been presented after retrospective application of these accounting standards and related guidance.」
The partial amendments to the standards related to tax-effect accounting were applied from the beginning of the current first quarter of the consolidated fiscal year. This filing contains no new disclosure regarding the planned application of the revenue recognition standard mentioned in the existing thread. - FY2018First statedAnnual report
「The "Guidance on Application of Accounting Standard for Tax Effect Accounting" and the "Guidance on Recoverability of Deferred Tax Assets" were scheduled to be applied from the beginning of the fiscal year ending March 2019. The "Accounting Standard for Revenue Recognition" and the "Guidance on Application of Accounting Standard for Revenue Recognition" were scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company first disclosed plans to apply the guidance related to tax-effect accounting from the fiscal year ending March 2019 and the revenue recognition standard and guidance from the fiscal year ending March 2022.