First-Time Adoption of IFRS and Establishment of Group Accounting Policies
First written in FY2017-Q1. 11 of 17 entries say "Restated". Latest entry: FY2026-H1.
20 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「As we meet all the requirements for a “Specified Company under the Designated International Accounting Standards” set forth in Article 1-2 of the Regulation on Consolidated Financial Statements, we prepare condensed interim consolidated financial statements in accordance with IFRS pursuant to Article 312 of the regulation.」
The preparation of IFRS-compliant condensed interim consolidated financial statements has continued. - FY2023-Q1AdvancedAnnual report
「In accordance with IAS 29, “Financial Reporting in Hyperinflationary Economies,” our Group consolidates the financial statements of its Turkish subsidiary after making adjustments under hyperinflationary accounting.」
As part of operating its IFRS-compliant Group accounting policies, the Company has specifically applied IAS 29 hyperinflationary accounting to adjust and consolidate the financial statements of its Turkish subsidiary. - FY2022AdvancedAnnual report
「Until the previous consolidated fiscal year, our Group recognized costs for configuration or customization under cloud computing contracts as other non-current assets. From the current consolidated fiscal year, based on discussions leading to the IFRS Interpretations Committee agenda decision published in April 2021, we changed to a method of recognizing those costs as expenses when the services are received.」
For costs related to customization and other work under cloud computing contracts, the Company changed its accounting treatment from the fiscal year ending March 2022 to recognize expenses when the services are received and applied the change retrospectively. - FY2022-Q3RestatedAnnual report
「As we meet all the requirements for a “Specified Company under the Designated International Accounting Standards” set forth in Article 1-2 of the Regulation on Quarterly Consolidated Financial Statements, we prepare condensed quarterly consolidated financial statements in accordance with IFRS pursuant to Article 93 of the regulation.」
The Group continues to prepare condensed quarterly consolidated financial statements in accordance with IFRS. - FY2022-Q2RestatedAnnual report
「As we meet all the requirements for a “Specified Company under the Designated International Accounting Standards” set forth in Article 1-2 of the Regulation on Quarterly Consolidated Financial Statements, we prepare condensed quarterly consolidated financial statements in accordance with IFRS pursuant to Article 93 of the regulation.」
The Group continues to prepare condensed quarterly consolidated financial statements in accordance with IFRS. - FY2021RestatedAnnual report
「To prepare proper consolidated financial statements and other documents under IFRS, we established Group accounting policies compliant with IFRS and apply accounting procedures based on those policies.」
The application of accounting procedures based on IFRS-compliant Group accounting policies has continued. - FY2020RestatedAnnual report
「To prepare proper consolidated financial statements and other documents under IFRS, we established Group accounting policies compliant with IFRS and apply accounting procedures based on those policies.」
The Company has continued preparing consolidated financial statements and applying accounting procedures based on IFRS-compliant Group accounting policies. It also disclosed the recognition of right-of-use assets of ¥21,298 million and lease liabilities of ¥22,786 million resulting from the application of IFRS 16. - FY2020-Q3RestatedAnnual report
「The consolidated companies have applied IFRS 16, “Leases,” from the first quarter of the consolidated accounting period. In applying IFRS 16, the companies adopted the modified retrospective approach, permitted under the transitional provisions, under which the cumulative effect of applying the standard is recognized in the opening balance of retained earnings at the date of initial application without restating comparative information.」
The application of IFRS 16 from the first quarter and the use of the modified retrospective approach have been reiterated. The recognition at initial application of right-of-use assets of ¥21,298 million and lease liabilities of ¥22,786 million continues to be disclosed. - FY2020-Q1AdvancedAnnual report
「The consolidated companies have applied IFRS 16, “Leases,” from the first quarter of the current consolidated accounting period. In applying IFRS 16, the companies adopted the modified retrospective approach, permitted under the transitional provisions, under which the cumulative effect of applying the standard is recognized in the opening balance of retained earnings at the date of initial application without restating comparative information. As a result of recognition and measurement under IFRS 16, right-of-use assets increased by ¥21,298 million and lease liabilities increased by ¥22,786 million at the beginning of the first quarter of the current consolidated accounting period in the condensed quarterly consolidated statement of financial position.」
IFRS 16, “Leases,” was applied from the first quarter of the current consolidated accounting period, using the modified retrospective approach. At the date of initial application, right-of-use assets of ¥21,298 million and lease liabilities of ¥22,786 million were recognized. - FY2019-Q2RestatedAnnual report
「The consolidated companies have applied IFRS 15, “Revenue from Contracts with Customers,” from the first quarter of the consolidated accounting period. In applying IFRS 15, the companies adopted the method of recognizing, at the date of initial application, the cumulative effect of applying the standard, as permitted under the transitional provisions.」
The application of IFRS 15 from the first quarter and the recognition of its cumulative effect at the date of initial application have continued. - FY2019-Q1AdvancedAnnual report
「The consolidated companies have applied IFRS 15, “Revenue from Contracts with Customers,” from the first quarter of the current consolidated accounting period. In applying IFRS 15, the companies adopted the method of recognizing, at the date of initial application, the cumulative effect of applying the standard, as permitted under the transitional provisions.」
In addition to the existing application of IFRS and the establishment of Group accounting policies, IFRS 15 was applied from the first quarter, and the five-step process of identifying contracts, identifying performance obligations, determining and allocating the transaction price, and recognizing revenue when performance obligations are satisfied was initiated. - FY2018RestatedAnnual report
「To prepare proper consolidated financial statements and other documents under IFRS, we established Group accounting policies compliant with IFRS and apply accounting procedures based on those policies.」
The preparation of consolidated financial statements based on IFRS-compliant Group accounting policies and accounting procedures has continued. - FY2018-Q3RestatedAnnual report
「As we meet all the requirements for a “Specified Company under the Designated International Accounting Standards” set forth in Article 1-2 of the Regulation on Quarterly Consolidated Financial Statements, we prepare condensed quarterly consolidated financial statements in accordance with IFRS pursuant to Article 93 of the regulation.」
The preparation of IFRS-compliant quarterly consolidated financial statements has continued. - FY2017AdvancedAnnual report
「The consolidated companies have applied IFRS from the current consolidated fiscal year, from 1 April 2016 through 31 March 2017, making the annual consolidated financial statements for the current consolidated fiscal year their first consolidated financial statements prepared in accordance with IFRS.」
In addition to continuing to apply IFRS from the quarterly period, the Company prepared its first annual consolidated financial statements under IFRS. - FY2017-Q3RestatedAnnual report
「From the first quarter of the current consolidated fiscal year, our Group has applied IFRS in place of the previously used Japanese standards, and has reclassified the figures for the third quarter of the previous consolidated fiscal year and the previous consolidated fiscal year on an IFRS basis for comparative analysis. To prepare proper consolidated financial statements and other documents under IFRS, we established Group accounting policies compliant with IFRS and apply accounting procedures based on those policies.」
The application of IFRS from the first quarter, the reclassification of prior-year figures onto an IFRS basis, and procedures based on Group accounting policies have continued. - FY2017-Q2RestatedAnnual report
「From the first quarter of the current consolidated fiscal year, our Group has applied IFRS in place of the previously used Japanese standards, and has reclassified the figures for the second quarter of the previous consolidated fiscal year and the previous consolidated fiscal year on an IFRS basis for comparative analysis.」
The application of IFRS from the first quarter and year-on-year comparisons on an IFRS basis have continued. - FY2017-Q1First statedAnnual report
「From the first quarter of the current consolidated fiscal year, our Group has applied IFRS in place of the previously used Japanese standards, and has reclassified the figures for the first quarter of the previous consolidated fiscal year and the previous consolidated fiscal year on an IFRS basis for comparative analysis. To prepare proper consolidated financial statements and other documents under IFRS, we established Group accounting policies compliant with IFRS and apply accounting procedures based on those policies.」
IFRS was first applied from the first quarter beginning in April 2016, and a framework for accounting procedures based on IFRS-compliant Group accounting policies has been established.