Preparation for the Adoption of New Revenue Recognition, Fair Value Measurement and Other Accounting Standards
First written in FY2021. 3 of 9 entries say "Advanced", first in FY2022. Latest entry: FY2026-H1.
11 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「The Company has applied the Accounting Standard for Presentation of Accounting for Income Taxes, Resident Taxes and Enterprise Taxes and related standards from the beginning of the current interim consolidated accounting period.」
The accounting standards on corporate income taxes, etc., which had previously been disclosed as scheduled for application, were actually applied from the beginning of the current interim consolidated fiscal period. The company states that the change in accounting policy had no impact on the interim consolidated financial statements. - FY2025AdvancedAnnual report
「The Accounting Standard for Leases, the Implementation Guidance on Accounting Standard for Leases and related amendments to accounting standards, implementation guidance, practical response reports and transfer guidance」
Lease accounting standards, etc. have been newly listed as accounting standards not yet applied. They are scheduled to be applied from the beginning of the fiscal year ending February 2029, and the amount of their impact on the consolidated financial statements is being assessed. - 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 Accounting Standard Implementation Guidance”) was applied from the beginning of the first quarter of the current consolidated accounting period. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Accounting Standard Implementation Guidance, the new accounting policies prescribed by the guidance are to be applied prospectively. This has no impact on the quarterly consolidated financial statements.」
The company continues to state that the implementation guidance on the accounting standards for fair value measurement, applied from the beginning of the first quarter of the current fiscal year, remains in effect and has had no impact. - 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 Accounting Standard Implementation Guidance”) was applied from the beginning of the first quarter of the current consolidated accounting period. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Accounting Standard Implementation Guidance, the new accounting policies prescribed by the guidance are to be applied prospectively. This has no impact on the quarterly consolidated financial statements.」
The company continues to state that the implementation guidance on the accounting standards for fair value measurement, applied from the beginning of the first quarter of the current fiscal year, remains in effect and has had no impact. - FY2024-Q1AchievedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the "Implementation Guidance on the Fair Value Measurement Accounting Standard") has been applied from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Implementation Guidance on the Fair Value Measurement Accounting Standard, the new accounting policies prescribed by the guidance will be applied prospectively. This has no effect on the quarterly consolidated financial statements.」
The implementation guidance on the accounting standards for fair value measurement, which had previously been disclosed as scheduled for application, was actually applied from the beginning of the first quarter of the current fiscal year. The company states that there was no impact on the financial statements. - FY2023Addition of planned application of an accounting standard not yet appliedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement is scheduled to be applied from the beginning of the fiscal year ending February 2024. The accounting standards on corporate income taxes, inhabitant taxes and enterprise taxes, etc. are scheduled to be applied from the beginning of the fiscal year ending February 2026.」
In addition to applying the existing standards on revenue recognition and fair value measurement, the company disclosed plans to apply the implementation guidance on fair value measurement from the beginning of the fiscal year ending February 2024 and the standards on corporate income taxes, presentation of comprehensive income, etc. from the beginning of the fiscal year ending February 2026. - FY2023-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”), etc. was applied 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 is transferred to the customer.」
The Revenue Recognition Standard, which had previously been disclosed as scheduled for application, was actually applied from the beginning of the first quarter of the current fiscal year. The accounting standards for fair value measurement, etc. were also applied from the same date. - FY2022AdvancedAnnual report
「We have applied the Accounting Standard for Disclosure of Accounting Estimates (Accounting Standard No. 31, dated 31 March 2020) from the consolidated financial statements for the year-end of the fiscal year, and have included notes on significant accounting estimates.」
In addition to preparing for the application of the new revenue recognition standards, etc., the company applied the accounting standard on disclosures of accounting estimates from the end of the current fiscal year and began providing notes on significant estimates. - FY2021First statedAnnual report
「The accounting standards for revenue recognition, etc. are scheduled to be applied from the beginning of the fiscal year ending February 2023. The accounting standards for fair value measurement, etc. are also scheduled to be applied from the beginning of the fiscal year ending February 2023, while the Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Error Corrections, etc. is scheduled to be applied from the end of the fiscal year ending February 2022.」
For multiple new accounting standards, the company has stated for the first time that they are scheduled to be applied from the end of the fiscal year ending February 2022 or the beginning of the fiscal year ending February 2023, and that the amount of their impact is being assessed.