Adoption of New Accounting Standards for Revenue Recognition and Fair Value Measurement
First written in FY2022-Q1. 5 of 6 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2026.
15 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Accounting Standard for Subsequent Events and other applicable standards will be applied from the beginning of the fiscal year ending March 2028.」
Disclosed plans to adopt the new accounting standard for subsequent events and related standards, in addition to the lease accounting standard, from the beginning of the fiscal year ending March 2028. - FY2025AdvancedAnnual report
「The lease accounting standards and related standards will be applied from the beginning of the fiscal year ending March 2028.」
The new lease accounting standard and related standards are scheduled to be adopted from the beginning of the fiscal year ending March 2028, and the amount of the impact is under assessment. - FY2023-Q1AdvancedAnnual report
「We adopted the Implementation Guidance on Accounting Standard for Fair Value Measurement (Implementation Guidance No. 31, 17 June 2021) from the beginning of the first quarter of the current fiscal year and will apply the new accounting policies prescribed by the implementation guidance prospectively. There is no effect on the quarterly consolidated financial statements.」
Adopted the implementation guidance for the fair value measurement standard from the beginning of the first quarter of the current fiscal year. Stated that there was no effect on the financial statements. - FY2022-Q3AdvancedAnnual report
「As a result, for the nine months ended the third quarter of the current fiscal year, net sales decreased by ¥135.403 million, cost of sales decreased by ¥139.936 million, and operating income, ordinary income and income before income taxes increased by ¥4.533 million each.」
Specified the impact for the nine months ended the third quarter of applying the revenue recognition standard and related standards: net sales decreased by ¥135.403 million, cost of sales decreased by ¥139.936 million, and operating income and other measures increased by ¥4.533 million. - FY2022-Q2AdvancedAnnual report
「As a result, for the six months ended the second quarter of the current fiscal year, net sales decreased by ¥115.233 million, cost of sales decreased by ¥116.940 million, and operating income, ordinary income and income before income taxes increased by ¥1.707 million each.」
Specified the impact for the six months ended the second quarter of applying the revenue recognition standard: net sales decreased by ¥115.233 million, cost of sales decreased by ¥116.940 million, and operating income and other measures increased by ¥1.707 million each. - FY2022-Q1First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and other 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. We also adopted the Accounting Standard for Fair Value Measurement (Accounting Standard No. 30, 4 July 2019) and other related standards from the beginning of the first quarter of the current fiscal year, applying the new accounting policies prescribed by the fair value measurement standards and related guidance prospectively.」
Adopted the revenue recognition standard and fair value measurement standard from the first quarter. Transactions conducted as an agent were changed to net presentation, reducing net sales by ¥95.916 million and cost of sales by ¥98.930 million, while increasing operating income, ordinary income and income before income taxes for the quarter by ¥3.013 million each. The fair value measurement standard and related guidance had no effect on the quarterly consolidated financial statements.