Preparing for the adoption of new revenue recognition and overseas lease accounting standards
First written in FY2019. 6 of 12 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2026.
44 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「・“Practical Guidance on Accounting for Financial Instruments” (Transfer Guidance No. 9, 11 March 2025) (2) Scheduled application date The guidance is scheduled to be applied from the beginning of the fiscal year ending March 2027. (3) Impact of applying the accounting standards and related guidance The company is currently evaluating the impact of applying the “Practical Guidance on Accounting for Financial Instruments” on the consolidated financial statements.」
In addition to the existing revenue recognition and lease standards, the company disclosed plans to apply the practical guidance on accounting for financial instruments from the beginning of the fiscal year ending March 2027 and stated that it is evaluating the amount of the impact. - FY2025AdvancedAnnual report
「The “Accounting Standard for Leases” (ASBJ Statement No. 34, 13 September 2024), the “Implementation Guidance on the Accounting Standard for Leases” (ASBJ Guidance No. 33, 13 September 2024), and amendments to related accounting standards, implementation guidance, practical response reports and transfer guidance are scheduled to be applied from the beginning of the fiscal year ending March 2028.」
The company disclosed plans to apply the new lease accounting standards from the beginning of the fiscal year ending March 2028 and stated that it is evaluating the amount of the impact. - FY2023AdvancedAnnual report
「The “Accounting Standard for Current Income Taxes, Inhabitant Taxes and Enterprise Taxes, etc.” and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2025.」
The company disclosed plans to apply the new standards related to current income taxes, other comprehensive income and tax-effect accounting from the beginning of the fiscal year ending March 2025. - FY2022-Q3RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards have been applied 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 is transferred to the customer.」
The company continued to apply the Revenue Recognition Standard, which was adopted from the first quarter, and stated that its impact on the income statement for the cumulative third-quarter period was immaterial. - FY2022-Q2RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards have been applied 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 is transferred to the customer.」
The company continued to apply the Revenue Recognition Standard, which was adopted from the first quarter, and stated that its impact on the income statement for the cumulative second-quarter period was immaterial. - FY2022-Q1AchievedAnnual report
「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards have been applied 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 is transferred to the customer.」
The company applied the Revenue Recognition Standard and related standards, which had been scheduled for application, from the beginning of the first quarter of the current fiscal year. It disclosed that the impact on the income statement was immaterial. - FY2021AdvancedAnnual report
「② Scheduled application date: The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. ③ Impact of applying the accounting standards and related guidance: The impact of applying the accounting standards and related guidance on the consolidated financial statements is immaterial.」
The company continued to plan to apply the revenue recognition standard from the beginning of the fiscal year ending March 2022 and disclosed its assessment that the impact on the consolidated financial statements would be immaterial. - FY2020RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and the “Implementation Guidance on the Accounting Standard for Revenue Recognition” (ASBJ Guidance No. 30, 31 March 2020) are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company continues to disclose that the revenue recognition standard is scheduled to be applied in the fiscal year ending March 2022 and that it is evaluating the amount of the impact. It also plans to apply the fair value measurement standard and related standards in the fiscal year ending March 2022, the disclosure standards for accounting policies and related matters in the fiscal year ending March 2021, and ASC 842 at its U.S. subsidiary in the fiscal year ending March 2021. - FY2020-Q3RestatedAnnual report
「Certain overseas consolidated subsidiaries of the Group have applied International Financial Reporting Standard 16, Leases (hereinafter, “IFRS 16”), from the first quarter of the consolidated fiscal year. As a result, lessees are generally required to recognize all leases as assets and liabilities on the balance sheet. Accordingly, as of the end of the third quarter of the current consolidated fiscal year, “Other” under property, plant and equipment increased by ¥419 million, “Other” under current liabilities increased by ¥27 million, and “Other” under non-current liabilities increased by ¥391 million.」
The overseas subsidiaries continued to apply IFRS 16, and the impact on assets and liabilities as of the end of the third quarter was disclosed. - FY2020-Q2AdvancedAnnual report
「Certain overseas consolidated subsidiaries of the Group have applied International Financial Reporting Standard 16, Leases (hereinafter, “IFRS 16”), from the first quarter of the consolidated fiscal year. As a result, lessees are generally required to recognize all leases as assets and liabilities on the balance sheet. Accordingly, as of the end of the second quarter of the current consolidated fiscal year, “Other” under property, plant and equipment increased by ¥490 million, “Other” under current liabilities increased by ¥68 million, and “Other” under non-current liabilities increased by ¥421 million.」
The planned application of IFRS 16 at overseas subsidiaries continued, and the impact on assets and liabilities as of the end of the second quarter was disclosed. - FY2020-Q1AdvancedAnnual report
「Certain overseas consolidated subsidiaries of the Group have applied International Financial Reporting Standard 16, Leases (hereinafter, “IFRS 16”), from the first quarter of the current consolidated fiscal year. As a result, lessees are generally required to recognize all leases as assets and liabilities on the balance sheet. Accordingly, as of the end of the first quarter of the current consolidated fiscal year, “Other” under property, plant and equipment increased by ¥389 million, “Other” under current liabilities increased by ¥68 million, and “Other” under non-current liabilities increased by ¥320 million.」
The overseas subsidiaries adopted IFRS 16, Leases, which had been scheduled for adoption, from the first quarter and disclosed the impact on assets and liabilities. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition were scheduled to be adopted from the beginning of the fiscal year ending March 2022. Overseas consolidated subsidiaries were scheduled to adopt Leases (IFRS 16) from the fiscal year ending March 2020 and Leases (US GAAP ASC 842) from the fiscal year ending March 2021.」
The company disclosed the fiscal years scheduled for adoption of the revenue recognition standard in Japan and the lease standards at overseas subsidiaries, and stated that it was assessing the impact of adoption.