Preparation for Adoption of Revenue Recognition and Lease Accounting Standards
First written in FY2019. 5 of 8 entries say "Restated". Latest entry: FY2022-Q3.
33 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「The company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the current first quarter of the consolidated fiscal year.」
The company continued to disclose the application of the Revenue Recognition Accounting Standard and related standards from the beginning of the current fiscal year. It described changes in the recognition methods for domestic sales, export sales, and transactions involving the provision of materials for consideration, and stated that the impact on cumulative profit or loss through the current third quarter was immaterial. - FY2022-Q2RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards 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 transfers to the customer.」
The company continued to disclose the application of the revenue recognition accounting standard and related standards from the beginning of the current fiscal year. It described changes in the recognition methods for domestic sales, export sales, and transactions involving the provision of materials for consideration, and stated that there was no impact on cumulative profit or loss for the current quarter. - 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 company began applying the revenue recognition accounting standard and related standards, which had been disclosed as pending adoption through the previous fiscal year, from the beginning of the current first quarter of the consolidated fiscal year commencing 1 October 2021. - FY2020RestatedAnnual report
「Overseas consolidated subsidiaries that apply International Financial Reporting Standards have applied International Financial Reporting Standard 16, Leases, from the current consolidated fiscal year.」
The company continued to disclose throughout the fiscal year the application of IFRS 16 by its overseas consolidated subsidiaries and showed the amounts of assets and liabilities recognized on the balance sheet at the end of the current fiscal year. - FY2020-Q3RestatedAnnual report
「As a result, in the quarterly consolidated balance sheet for the current third quarter of the consolidated fiscal year, other property, plant and equipment increased by ¥438 million, other current liabilities by ¥7 million, and other non-current liabilities by ¥21 million, while other intangible assets decreased by ¥409 million.」
The company continued to disclose in the current quarter the impact of recognizing assets and liabilities under IFRS 16, Leases, applied by its overseas consolidated subsidiaries. - FY2020-Q2RestatedAnnual report
「As a result, in the quarterly consolidated balance sheet for the current second quarter of the consolidated fiscal year, other property, plant and equipment increased by ¥452 million, other current liabilities by ¥11 million, and other non-current liabilities by ¥28 million, while other intangible assets decreased by ¥413 million.」
The company continued to disclose the impact of IFRS 16, Leases, applied by its overseas consolidated subsidiaries, in the current quarter, including the continued recognition of the resulting assets and liabilities. - FY2020-Q1AdvancedAnnual report
「Overseas consolidated subsidiaries that apply International Financial Reporting Standards have applied International Financial Reporting Standard 16, Leases (hereinafter, “IFRS 16”), from the current 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.」
The overseas consolidated subsidiaries began applying IFRS 16, Leases, from the current first quarter of the consolidated fiscal year. The company disclosed that the adoption increased other property, plant and equipment by ¥473 million, other current liabilities by ¥12 million, and other non-current liabilities by ¥32 million, while reducing other intangible assets by ¥428 million. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending September 2022. Leases (IFRS 16) are scheduled to be applied from the beginning of the fiscal year ending September 2020, and ASU 2016-02 from the beginning of the fiscal year ending September 2021.」
The company disclosed for the first time the scheduled adoption dates for the domestic revenue recognition accounting standard, IFRS 16 at overseas consolidated subsidiaries, and ASU 2016-02. The impact of each remains under assessment or has not yet been assessed.