Response to revenue recognition and fair value measurement accounting standards, etc.
First written in FY2022-Q1. 4 of 6 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2023.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Achieved".
- FY2023AchievedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement was applied from the beginning of the current consolidated fiscal year, and the new accounting policy prescribed by the guidance will be applied prospectively. This had no impact on the consolidated financial statements.」
Full-year application of the Fair Value Measurement Guidance, which had been scheduled for application or was under application through the previous fiscal year, was completed, with no impact on the financial statements. - FY2023-Q1AdvancedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (Accounting Standard Implementation Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Guidance”) was applied from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, the new accounting policy prescribed by the guidance will be applied prospectively. This had no impact on the quarterly consolidated financial statements.」
The Fair Value Measurement Guidance was applied from the beginning of the current first quarter. Although the new accounting policy was applied, it was stated that there was no impact on the quarterly consolidated financial statements. - FY2022AdvancedAnnual report
「As a result, ordinary income, ordinary profit and consolidated net income before income taxes for the current consolidated fiscal year increased by ¥13 million, and net income per share increased by ¥0.06.」
Application of the Revenue Recognition Standard and other standards had progressed through the full fiscal year, resulting in a ¥13 million increase in ordinary income, ordinary profit and other items. The fair value measurement accounting standard and other standards were also applied, with the impact considered immaterial. - FY2022-Q3AdvancedAnnual report
「As a result, ordinary income, ordinary profit and quarterly net income before income taxes for the cumulative third quarter decreased by ¥34 million. The opening balance of retained earnings decreased by ¥248 million.」
Application of the Revenue Recognition Standard and other standards had progressed through the cumulative third quarter. Changes in the timing of recognition for some fee and commission income and the recording of a refund liability reduced ordinary income, ordinary profit and other items by ¥34 million, while the opening balance of retained earnings decreased by ¥248 million. The impact of applying the fair value measurement accounting standard was considered immaterial. - FY2022-Q2AdvancedAnnual report
「As a result, ordinary income, ordinary profit and interim net income before income taxes for the current interim consolidated accounting period increased by ¥79 million, and interim net income per share increased by ¥0.37. The opening balance of retained earnings decreased by ¥224 million, and net assets per share at the beginning of the fiscal year decreased by ¥1.52.」
Application of the Revenue Recognition Standard had progressed through the interim period, changing the timing of recognition for some fee and commission income and recording a refund liability. The impact of adoption was an increase of ¥79 million in ordinary income, ordinary profit and other items, and a ¥224 million decrease in the opening balance of retained earnings. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were 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. As a result, ordinary income, ordinary profit and profit before income taxes for the cumulative first quarter increased by ¥28 million.」
The revenue recognition accounting standard and the fair value measurement accounting standard, among others, were applied from the current first quarter. Changes in the revenue recognition method increased ordinary income, ordinary profit and quarterly net income before income taxes by ¥28 million, while the opening balance of retained earnings decreased by ¥224 million.