Response to the Application of New Accounting Standards, Including Revenue Recognition and Fair Value Measurement, etc.
First written in FY2021. 3 of 7 entries say "Restated". Latest entry: FY2026.
Daisui moved to the "Worse" side of this theme in 2025, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 6 of 70 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2026Added response to the accounting standard for subsequent eventsAnnual report
「The lease accounting standard and related standards will be adopted from the beginning of the fiscal year ending March 2028.」
In addition to the response to the revenue recognition and fair value measurement standards, the Company describes its response to the lease accounting standard and the accounting standard for subsequent events, both scheduled to apply from the fiscal year ending March 2028. - FY2025Added response to the lease accounting standardAnnual report
「The lease accounting standard and related standards will be adopted from the beginning of the fiscal year ending March 2028.」
In addition to the response to the revenue recognition and fair value measurement standards, the Company describes its response to the new lease accounting standard scheduled to apply from the fiscal year ending March 2028. The amount of impact is under evaluation. - FY2022RestatedAnnual report
「As a result, net sales for the consolidated fiscal year decreased by ¥25,248 million compared with the previous accounting treatment, but operating loss and income before income taxes and other adjustments were unaffected because cost of sales decreased by ¥24,705 million and selling, general and administrative expenses decreased by ¥542 million.」
The Company continued applying the revenue recognition standard from the beginning of the period in its annual results, disclosing that the presentation of net sales decreased by ¥25,248 million while there was no impact on operating income and loss or other items. - FY2022-Q3RestatedAnnual report
「Net sales for the cumulative third quarter of the fiscal year decreased by ¥19,255 million, but operating income and income before income taxes and other adjustments were unaffected because cost of sales decreased by ¥18,842 million and selling, general and administrative expenses decreased by ¥413 million.」
The Company continued to apply the revenue recognition standards and related standards adopted from the beginning of the first quarter of the consolidated fiscal year during the cumulative period, and disclosed the impact on net sales and other items. - FY2022-Q2RestatedAnnual report
「Net sales for the cumulative second quarter of the fiscal year decreased by ¥11,846 million, but operating income and income before income taxes and other adjustments were unaffected because cost of sales decreased by ¥11,589 million and selling, general and administrative expenses decreased by ¥256 million.」
The Company continued to apply the revenue recognition standards and related standards, which were adopted from the beginning of the first quarter of the consolidated fiscal year, during the cumulative second quarter, and disclosed the impact on the presentation of net sales. - FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the consolidated fiscal year. Accordingly, revenue is recognized when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services. As a result, net sales for the cumulative first quarter of the consolidated fiscal year decreased by ¥5,694 million compared with the previous accounting treatment.」
The Company actually applied the revenue recognition standard from the beginning of the current quarterly accounting period, reducing the presentation of net sales by ¥5,694 million compared with the previous treatment. The fair value measurement standard was also applied from the beginning of the period. - FY2021First statedAnnual report
「The Company will apply the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending March 2022. It will also apply the Accounting Standard for Fair Value Measurement and related standards from the beginning of the fiscal year ending March 2022.」
The Company announced its policy of applying the revenue recognition standards and fair value measurement-related standards from the beginning of the fiscal year ending March 2022, with the amount of impact under evaluation or yet to be determined.