Response to New Accounting Standards
First written in FY2018. 10 of 17 entries say "Restated". Latest entry: FY2026.
33 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The company is currently assessing the impact on the consolidated financial statements of applying the Accounting Standard for Leases and related standards.」
The company has reconfirmed that the lease accounting standard is scheduled to be applied from the beginning of the fiscal year ending March 2028 and that its impact on the financial statements is currently being evaluated. - FY2025AdvancedAnnual report
「The Accounting Standard for Leases (Accounting Standards Board of Japan Statement No. 34, 13 September 2024) is scheduled to be applied from the beginning of the fiscal year ending March 2028. The company is currently evaluating the amount of the impact of applying the Accounting Standard for Leases and related standards on the consolidated financial statements.」
The company has newly disclosed the lease accounting standards and related standards that have not yet been applied, stating that application is scheduled from the beginning of the fiscal year ending March 2028 and that their impact on the financial statements is currently being evaluated. - FY2024-Q3RestatedAnnual report
「The company's quarterly consolidated financial statements are prepared in accordance with the Cabinet Office Ordinance on Terminology, Forms and Preparation Methods of Quarterly Consolidated Financial Statements (Cabinet Office Ordinance No. 64 of 2007).」
The company has reconfirmed that it prepares quarterly consolidated financial statements, including 株式会社カワツウ, in accordance with the relevant rules. - FY2023-Q3RestatedAnnual report
「We have applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (Accounting Standards Implementation Guidance No. 31, 17 June 2021; hereinafter, the Fair Value Measurement Implementation Guidance) from the beginning of the first quarter. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Implementation Guidance, the new accounting policies prescribed therein will be applied prospectively. There is no impact on the quarterly consolidated financial statements.」
The company has reconfirmed the application of the Application Guidance on the Fair Value Measurement Accounting Standard from the beginning of the first quarter and that it has no impact on the financial statements. - FY2023-Q2RestatedAnnual report
「We have applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (Accounting Standards Implementation Guidance No. 31, 17 June 2021; hereinafter, the Fair Value Measurement Implementation Guidance) from the beginning of the first quarter. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Implementation Guidance, the new accounting policies prescribed therein will be applied prospectively. There is no impact on the quarterly consolidated financial statements.」
The company has reconfirmed that the Application Guidance on the Fair Value Measurement Accounting Standard was applied from the beginning of the first quarter and that the new accounting policy has been applied prospectively. - FY2023-Q1AdvancedAnnual report
「We have applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (Accounting Standards Implementation Guidance No. 31, 17 June 2021; hereinafter, the Fair Value Measurement Implementation Guidance) from the beginning of the first quarter of the current 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 therein will be applied prospectively. There is no impact on the quarterly consolidated financial statements.」
The Application Guidance on the Fair Value Measurement Accounting Standard was applied from the beginning of the current quarter, and the new accounting policy has been applied prospectively. There is no impact on the financial statements. - FY2022RestatedAnnual report
「The application of the revenue recognition accounting standard and related standards follows the transitional treatment prescribed in the proviso to Paragraph 84 of the Revenue Recognition Accounting Standard. For the current consolidated fiscal year, net sales increased by ¥14,530 thousand and cost of sales increased by ¥15,634 thousand, while operating income, ordinary income and profit before income taxes decreased by ¥1,104 thousand each.」
The company continued to apply the revenue recognition standard in its annual financial statements and disclosed its impact on net sales, cost of sales and profit. For construction contracts, it changed to a method of recognizing revenue over time. - FY2022-Q3RestatedAnnual report
「As a result, net sales for the cumulative third-quarter period of the current consolidated fiscal year increased by ¥35,244 thousand and cost of sales increased by ¥35,272 thousand, while operating income, ordinary income and profit before income taxes decreased by ¥28 thousand each.」
For the revenue recognition accounting standard applied from the beginning of the first quarter of the first quarterly consolidated accounting period, the company has disclosed its impact on net sales, cost of sales and profit for the cumulative third-quarter period. - FY2022-Q2RestatedAnnual report
「As a result of applying the revenue recognition accounting standard and related standards, net sales increased by ¥9,891 thousand and cost of sales increased by ¥10,327 thousand, while operating income, ordinary income and profit before income taxes decreased by ¥435 thousand each.」
For the revenue recognition accounting standard applied from the beginning of the first quarter of the first quarterly consolidated accounting period, the company has disclosed the amount of its impact on the cumulative second-quarter period. - FY2022-Q1AdvancedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The revenue recognition standard, scheduled for application from the beginning of the fiscal year ending March 2022, has been applied, with the company transitioning to reflecting variable consideration and recognizing construction revenue over time. The fair value measurement accounting standard has also been applied from the beginning of the current quarter. - FY2021AdvancedAnnual report
「The Accounting Standard for Disclosure of Accounting Estimates (Accounting Standards Board of Japan Statement No. 31, 31 March 2020) has been applied to the financial statements for the fiscal year-end of the current consolidated fiscal year, and notes on material accounting estimates have been included in the financial statements. The scheduled effective date for the Accounting Standard for Revenue Recognition and related standards is the beginning of the fiscal year ending March 2022.」
The company has moved to the specific stage of applying the accounting estimates disclosure standard from the current fiscal year-end, while maintaining the scheduled application of the revenue recognition standard and related standards from the beginning of the fiscal year ending March 2022. - FY2020Expansion of the standards scheduled for applicationAnnual report
「The scheduled effective date for the Accounting Standard for Revenue Recognition and related standards is the beginning of the fiscal year ending March 2022. The scheduled effective date for the Accounting Standard for Fair Value Measurement and related standards is also the beginning of the fiscal year ending March 2022. The scheduled effective date for the Accounting Standard for Disclosure of Accounting Estimates and related standards is the fiscal year-end for the fiscal year ending March 2021.」
In addition to the existing revenue recognition standard, the company has additionally disclosed the new standards and scheduled application periods for fair value measurement, inventories and financial instruments, disclosure of accounting estimates, and disclosure of accounting policies, among others. - FY2019RestatedAnnual report
「The scheduled effective date for the Accounting Standard for Revenue Recognition and related standards is the beginning of the fiscal year ending March 2022. The partial amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) have been applied from the beginning of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The application of the revenue recognition standard remains scheduled for the fiscal year ending March 2022, and the amendments to the tax-effect accounting standards have been applied from the beginning of the current fiscal year. - FY2019-Q3RestatedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting and other standards were adopted from the beginning of the first quarter consolidated accounting period. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under fixed liabilities.」
The company reaffirms that the revised standards concerning tax-effect accounting were applied from the beginning of the first quarter, changing the presentation classification of deferred tax assets and liabilities. - FY2019-Q2RestatedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting and other standards were adopted from the beginning of the first quarter consolidated accounting period. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under fixed liabilities.」
The company reaffirms that the revised standards concerning tax-effect accounting were applied from the beginning of the first quarter, changing the presentation classification of deferred tax assets and liabilities. - FY2019-Q1AdvancedAnnual report
「We have applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting and other relevant standards from the beginning of the first quarter of the current fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The revised standards concerning tax-effect accounting, which were scheduled for application in the previous fiscal year, have been applied from the beginning of the current quarter, changing the presentation classification of deferred tax assets and liabilities. - FY2018First statedAnnual report
「The revised application guidance for the Accounting Standard for Tax Effect Accounting and related standards will apply from the beginning of the fiscal year ending March 2019. The Accounting Standard for Revenue Recognition and related standards will apply from the beginning of the fiscal year ending March 2022.」
The company has indicated the fiscal years in which the new standards on tax-effect accounting and revenue recognition are scheduled to apply and has begun preparing for the changes in accounting standards.