Application of IFRS 9, IFRS 15 and Other Standards
First written in FY2019-Q2. 4 of 6 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2022-Q3.
0 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「As a result, during the cumulative third-quarter consolidated period, revenue decreased by ¥3.584 billion, cost of sales increased by ¥1.662 billion, selling, general and administrative expenses decreased by ¥5.370 billion, and non-operating income increased by ¥21 million. Operating profit therefore increased by ¥123 million, while ordinary profit and profit before income taxes increased by ¥144 million each. The opening balance of retained earnings for the current fiscal year also decreased by ¥271 million.」
The impact of applying the Accounting Standard for Revenue Recognition became clear for the cumulative third quarter. Revenue decreased by ¥3.584 billion, while operating profit increased by ¥123 million and ordinary profit and related items increased by ¥144 million. - FY2022-Q2AdvancedAnnual report
「As a result, during the cumulative second-quarter consolidated period, revenue decreased by ¥1.779 billion, cost of sales increased by ¥1.205 billion, selling, general and administrative expenses decreased by ¥3.159 billion, and non-operating expenses increased by ¥79 million. Operating profit therefore increased by ¥175 million, while ordinary profit and profit before income taxes increased by ¥96 million each.」
The impact of applying the Accounting Standard for Revenue Recognition became clear for the cumulative second quarter. Revenue decreased by ¥1.779 billion, while operating profit increased by ¥175 million and ordinary profit and related items increased by ¥96 million. - FY2022-Q1AdvancedAnnual report
「We applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first-quarter consolidated accounting period, recognizing revenue 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 Revenue Recognition was applied from the beginning of the first quarter of fiscal 2021, affecting revenue, cost of sales, selling, general and administrative expenses, and other items. The company moved from disclosures concerning the application of IFRS 15 and related standards to the application of new accounting standards covering domestic transactions as well. - FY2020-Q2RestatedAnnual report
「We have applied Leases (IFRS 16 and ASC 842) from the first-quarter consolidated accounting period. Accordingly, lessees are now required, in principle, to recognize all leases as assets and liabilities on the balance sheet.」
The application of IFRS 16 and ASC 842 at overseas consolidated subsidiaries continued to be disclosed, and the amounts of the impact on property, plant and equipment and other items were also presented at the end of the second quarter. - FY2020-Q1AdvancedAnnual report
「We have applied Leases (IFRS 16 and ASC 842) from the first-quarter consolidated accounting period. Accordingly, lessees are now required, in principle, to recognize all leases as assets and liabilities on the balance sheet.」
Overseas consolidated subsidiaries applied IFRS 16 and ASC 842. Property, plant and equipment increased by ¥22.88 billion, other current liabilities increased by ¥1.728 billion, and other non-current liabilities increased by ¥21.217 billion. - FY2019-Q2First statedAnnual report
「Except at North American subsidiaries, we have applied Financial Instruments (IFRS 9) from the first-quarter consolidated accounting period. Accordingly, we reviewed the classification and measurement methods for financial instruments and recognized impairment of financial assets under the expected credit loss model. We have also applied Revenue from Contracts with Customers (IFRS 15 and ASC 606) from the first-quarter consolidated accounting period.」
Overseas consolidated subsidiaries applied IFRS 9, IFRS 15 and ASC 606. The application of IFRS 15 reduced the opening balance of retained earnings by ¥2.386 billion, while revenue and selling, general and administrative expenses each decreased by ¥23.507 billion.