Preparing to Adopt New Accounting Standards for Revenue Recognition and Fair Value Measurement
First written in FY2022. 3 of 5 entries say "Restated". Latest entry: FY2024.
18 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement (Accounting Standards Board of Japan Implementation Guidance No. 31, 17 June 2021, hereinafter the “Fair Value Measurement Implementation Guidance”) was applied from the beginning of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Implementation Guidance, the new accounting policies prescribed by the guidance were applied prospectively. This had no impact on the consolidated financial statements.」
The Implementation Guidance on Accounting Standard for Fair Value Measurement was applied from the beginning of the consolidated fiscal year, reconfirming that it had no impact on the consolidated financial statements. - FY2024-Q3RestatedAnnual report
「The “Implementation Guidance on 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 consolidated fiscal year. In accordance with the transitional treatment stipulated in paragraph 27-2 of the Fair Value Measurement Guidance, the new accounting policies prescribed by the guidance were applied prospectively. There was no impact on the quarterly consolidated financial statements.」
The Implementation Guidance on Accounting Standard for Fair Value Measurement was applied from the beginning of the first quarter consolidated accounting period, reconfirming that it had no impact on the quarterly consolidated financial statements. - FY2024-Q2RestatedAnnual report
「The “Implementation Guidance on 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 consolidated fiscal year. In accordance with the transitional treatment stipulated in paragraph 27-2 of the Fair Value Measurement Guidance, the new accounting policies prescribed by the guidance were applied prospectively. There was no impact on the quarterly consolidated financial statements.」
The Implementation Guidance on Accounting Standard for Fair Value Measurement was applied from the beginning of the first quarter consolidated accounting period, reconfirming that it had no impact on the quarterly consolidated financial statements. - FY2023-Q1AchievedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year and began recognizing revenue 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.」
The Accounting Standard for Revenue Recognition and related standards, which were described in the previous fiscal year as being prepared for adoption, were applied from the beginning of the first quarter consolidated accounting period. The methods for recognizing revenue from the points program and agent transactions were changed, reducing net sales by ¥2,473 million. The Accounting Standard for Fair Value Measurement and related standards were also applied at the same time, but the company states that they had no impact on the quarterly consolidated financial statements. - FY2022First statedAnnual report
「2. Scheduled date of adoption: The standards will be adopted from the beginning of the fiscal year ending February 2023. 3. Impact of adoption: The impact of adopting the Accounting Standard for Revenue Recognition and related standards on the consolidated financial statements is currently under assessment.」
The Company planned to adopt the accounting standards on revenue recognition and fair value measurement from the beginning of the fiscal year ending February 2023 and was assessing their impact on the financial statements.