Application of New Accounting Standards for Revenue Recognition and Fair Value Measurement
First written in FY2022-Q1. 3 of 8 entries say "Restated". Latest entry: FY2026.
13 other companies' latest entry also says "Other".
- FY2026Addition of Planned Lease Accounting Standard AdoptionAnnual report
「Amendments to the Accounting Standard for Leases (Accounting Standards Board of Japan Statement No. 34, 13 September 2024), the Implementation Guidance on the Accounting Standard for Leases (Accounting Standards Board of Japan Guidance No. 33, 13 September 2024), and other related Accounting Standards, Implementation Guidance on Accounting Standards, Practical Solution Reports and Transfer Guidance」
Following the standards for revenue recognition, fair value measurement and related matters, the lease accounting standards and related guidance were disclosed as standards not yet adopted. Adoption is scheduled from the beginning of the fiscal year ending March 2028, and the amount of the impact is under assessment. - FY2025-H1Adoption of the amended accounting standards for income taxes and related mattersAnnual report
「We have applied the Accounting Standard for Corporate Taxes, Resident Taxes and Enterprise Taxes (Accounting Standard No. 27, dated 28 October 2022; hereinafter the “2022 Revised Accounting Standard”) and related standards from the beginning of the interim consolidated accounting period under review. The change in accounting policy had no impact on the interim consolidated financial statements.」
Following the adoption of the standards for revenue recognition and fair value measurement, the 2022 amendments to the accounting standards for income taxes and related matters were adopted from the beginning of the current interim consolidated accounting period. The Company explains that this had no impact on the financial statements. - FY2023-Q3RestatedAnnual report
「We applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021) from the beginning of the first quarter accounting period. In accordance with the transitional treatment specified in Paragraph 27-2 of the guidance, the new accounting policies prescribed by the guidance will be applied prospectively. There was no impact on the quarterly financial statements.」
The Implementation Guidance on Accounting Standard for Fair Value Measurement was adopted from the beginning of the first quarter accounting period, and the Company continues to explain that this had no impact on the quarterly financial statements. - FY2023-Q2RestatedAnnual report
「We applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021) from the beginning of the first quarter accounting period. In accordance with the transitional treatment specified in Paragraph 27-2 of the guidance, the new accounting policies prescribed by the guidance will be applied prospectively. There was no impact on the quarterly financial statements.」
The Implementation Guidance on Accounting Standard for Fair Value Measurement was adopted from the beginning of the first quarter accounting period, and the Company continues to explain that this had no impact on the quarterly financial statements. - FY2023-Q1Application guidance for the fair value measurement standard additionally adoptedAnnual report
「We applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021) from the beginning of the first quarter accounting period. In accordance with the transitional treatment specified in Paragraph 27-2 of the guidance, the new accounting policies prescribed by the guidance will be applied prospectively. There was no impact on the quarterly financial statements.」
Following the adoption of the accounting standards for revenue recognition and related matters, the Implementation Guidance on Accounting Standard for Fair Value Measurement was adopted from the beginning of the first quarter accounting period. The Company explains that this had no impact on the quarterly financial statements. - FY2022-Q3Additional disclosure of disaggregated revenue by serviceAnnual report
「As the Company operates in a single segment, the comprehensive guarantee services business, revenue is presented by service. Guarantee services: ¥2,184,505 thousand; solution services: ¥1,406,164 thousand; revenue from contracts with customers: ¥3,590,669 thousand」
In connection with the adoption of the new accounting standard, revenue within the single segment was disaggregated and disclosed as guarantee services and solution services. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first-quarter accounting period. 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, “accounts receivable” presented under “current assets” and “unearned revenue” presented under “current liabilities” on the balance sheet for the previous fiscal year are presented from the first-quarter accounting period as included in “accounts receivable and contract assets” and “contract liabilities,” respectively. There is no other impact on the quarterly financial statements.」
The application of the Revenue Recognition Standard and the change in presentation from accounts receivable and unearned revenue to contract assets and contract liabilities continue to be disclosed, with no other impact on the quarterly financial statements stated. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first-quarter accounting period. 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, “accounts receivable” presented under “current assets” and “unearned revenue” presented under “current liabilities” on the balance sheet for the previous fiscal year are presented from the first-quarter accounting period as included in “accounts receivable and contract assets” and “contract liabilities,” respectively. There is no other impact on the quarterly financial statements. The Accounting Standard for Fair Value Measurement (Accounting Standards Board of Japan Statement No. 30, 4 July 2019; hereinafter, the “Fair Value Measurement Standard”) and other standards were applied from the beginning of the first-quarter accounting period. In accordance with the transitional treatment prescribed in Paragraph 19 of the Fair Value Measurement Standard and Paragraph 44-2 of the Accounting Standard for Financial Instruments (Accounting Standards Board of Japan Statement No. 10, 4 July 2019), the new accounting policies prescribed by the Fair Value Measurement Standard and other standards are applied prospectively. There is no impact on the quarterly financial statements.」
The Revenue Recognition Standard and the Fair Value Measurement Standard and other standards were applied from the beginning of the first-quarter accounting period. Under revenue recognition, accounts receivable and unearned revenue are presented as contract assets and contract liabilities, respectively, and it was explained that there is no other impact on the financial statements.