Change in Depreciation Method for Building Fixtures and Structures, and Application of Accounting Guidelines
First written in FY2017-Q3. 4 of 13 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 3 of 17 companies on the "Worse" side.
- FY2025RestatedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement was applied from the beginning of the fiscal year, and the new accounting policies prescribed by the guidance are being applied prospectively. This had no impact on the consolidated financial statements.」
The application of the Fair Value Measurement Guidance for the full fiscal year was confirmed, with no impact on the financial statements disclosed. - FY2024RestatedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement has been applied from the beginning of the current consolidated fiscal year, and the new accounting policies prescribed by the guidance will be applied prospectively. This has no effect on the consolidated financial statements.」
The application of the Fair Value Measurement Guidance for the full fiscal year was confirmed, with no impact on the financial statements disclosed. - FY2023RestatedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement has been applied from the beginning of the current consolidated fiscal year, and the new accounting policies prescribed by the guidance will be applied prospectively. This has no effect on the consolidated financial statements.」
The application of the Fair Value Measurement Guidance for the full fiscal year was confirmed, with no impact on the financial statements disclosed. - FY2023-Q1AdvancedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the “Fair Value Measurement Guidance”) was applied from the beginning of the first quarter of the fiscal year. In accordance with the transitional treatment set out in paragraph 27-2 of the Fair Value Measurement Guidance, the new accounting policies prescribed by the guidance are being applied prospectively. This had no impact on the quarterly consolidated financial statements.」
The Fair Value Measurement Guidance was applied from the beginning of the first quarter of the fiscal year. The application of the new accounting policies had no impact on the financial statements. - FY2022AchievedAnnual report
「We adopted the Accounting Standard for Revenue Recognition and related standards from the beginning of the current consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The revenue recognition and fair value measurement standards were applied from the beginning of the fiscal year ending March 2022. The application of the revenue recognition standard reduced operating revenue by ¥272 million, with no impact on operating income or other profit items. - FY2022-Q3Update on the impact of adoptionAnnual report
「As a result, for the nine months ended December 31, operating revenue decreased by ¥203 million, cost of sales increased by ¥3 million, and selling, general and administrative expenses decreased by ¥206 million, but there was no impact on operating income, ordinary income, or profit before income taxes.」
The adoption of the revenue recognition standard and related guidance reduced operating revenue by ¥203 million and selling, general and administrative expenses by ¥206 million, while increasing cost of sales by ¥3 million, with no impact on operating income or other profit items. - FY2022-Q2Update on the impact of adoptionAnnual report
「As a result, operating revenue and operating expenses for the six months ended September 30 decreased by ¥128 million each, but there was no impact on operating income, ordinary income, or profit before income taxes.」
The adoption of the revenue recognition standard and related guidance reduced operating revenue and operating expenses for the six months ended September 30 by ¥128 million each, with no impact on operating income or other profit items. - FY2022-Q1AdvancedAnnual report
「The Accounting Standard for Revenue Recognition and related guidance were applied from the beginning of the first quarter of the fiscal year. Revenue is recognized at the point 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 guidance were also applied from the beginning of the first quarter of the fiscal year, and the new accounting policies prescribed by the fair value measurement standards and related guidance are being applied prospectively.」
The revenue recognition and fair value measurement standards, which had been scheduled for adoption through the previous fiscal year, were applied from the beginning of the first quarter of the fiscal year. The application of the revenue recognition standard reduced operating revenue and operating expenses by ¥73 million each, with no impact on operating income or other profit items. - FY2021RestatedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on the Accounting Standard for Revenue Recognition, as well as the Accounting Standard for Fair Value Measurement and related implementation guidance, are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The revenue recognition standard, fair value measurement standard, and other standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, with their impact still under evaluation. - FY2020Additional accounting standards scheduled for future adoptionAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on the Accounting Standard for Revenue Recognition, as well as the Accounting Standard for Fair Value Measurement and related implementation guidance, are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The planned future adoption of new standards on revenue recognition, fair value measurement, accounting policy disclosures, and disclosures of accounting estimates was disclosed. - FY2019-Q1AdvancedAnnual report
「From 1 April 2018, we applied the Practical Solution on Transactions Granting Paid Stock Acquisition Rights Subject to Vesting Conditions to Employees and Others (Practical Issues Task Force No. 36, 12 January 2018) and related guidance. Transactions involving the grant of paid stock acquisition rights subject to vesting conditions to employees and others are accounted for in accordance with the Accounting Standard for Share-based Payment (ASBJ Statement No. 8, 27 December 2005) and related standards.」
The practical solution reports and other guidance related to subscription rights to shares for consideration, which had been scheduled for adoption in the previous fiscal year, were applied to transactions conducted on or after 1 April 2018. - FY2018Additional accounting standards scheduled for future adoptionAnnual report
「The effective date for the Treatment of Transactions in Which Subscription Rights to Shares with Vesting Conditions Are Granted to Employees and Others for Consideration and the Accounting Treatment for Compound Financial Instruments Including a Component That May Increase Paid-in Capital is scheduled to be the beginning of the fiscal year ending March 2019. The effective date for the Accounting Standard for Revenue Recognition and the Implementation Guidance on the Accounting Standard for Revenue Recognition is scheduled to be the beginning of the fiscal year ending March 2022.」
The planned future adoption of standards and practical solution reports related to subscription rights to shares for consideration and revenue recognition was additionally disclosed. The impact of the revenue recognition standard was stated to be under evaluation as of the preparation date. - FY2017-Q3First statedAnnual report
「The Company and its domestic consolidated subsidiaries applied the Practical Solution on Changes in Depreciation Method Related to the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016) in the first quarter of the fiscal year, following amendments to the Corporation Tax Act, and changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. The impact on the quarterly consolidated financial statements was immaterial for the nine months ended December 31. The Application Guidance on Recoverability of Deferred Tax Assets (ASBJ Guidance No. 26, 28 March 2016) was also applied from the first quarter of the fiscal year.」
The depreciation method for building fixtures and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method, and the application guidance on the recoverability of deferred tax assets was also adopted. The impact on the financial statements was stated to be immaterial.