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Nec (6701) · InitiativeAchieved

Preparations for the Adoption of IFRS 9 and IFRS 15

First written in FY2018. 1 of 2 entries say "Achieved", first in FY2019-Q1. Latest entry: FY2019-Q1.

2entries
1years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY20182018: 22018
Same theme, other companies
Application of Multiple IFRS Standards, Including IFRS 15, by Overseas Consolidated SubsidiariesA theme 68 companies write about · 5 as a headwind · 1 as a tailwind

The whole theme swung hardest in 2020: 2 of 22 companies on the "Worse" side.

4 other companies' latest entry also says "Achieved".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 68 companies compared. The sentences above are computed from all 68.
Full recordFilings, disclosures and news, newest first
  1. FY2019-Q1AchievedAnnual report

    「The company has applied IFRS 9, "Financial Instruments" (2014 version) (hereinafter, "IFRS 9"), and IFRS 15, "Revenue from Contracts with Customers" (hereinafter, "IFRS 15"), from the first quarter of the current consolidated fiscal year. The company has adopted the method of recognizing the cumulative impact at the date of initial application and has not restated comparative information.」

    The application of IFRS 9 and IFRS 15, previously scheduled to begin in the fiscal year ending March 2019, was implemented from the first quarter beginning 1 April 2018. Contract assets and contract liabilities are also presented under IFRS 15.
  2. FY2018First statedAnnual report

    「IFRS 9, "Financial Instruments," will be applied from the fiscal year ending March 2019. … IFRS 15, "Revenue from Contracts with Customers," will be applied from the fiscal year ending March 2019.」

    The company disclosed its plan to apply IFRS 9 and IFRS 15 from the fiscal year ending March 2019 and to recognize the cumulative impact on 1 April 2018.
Moved together

None of this company's other threads moved the same way in the same document twice or more.

When this could move next
Nec's next results are scheduled for 2026-10-28. Read the earnings preview
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Preparations for the Adoption of IFRS 9 and IFRS 15 | NEC Corporation (6701) | Komori