Preparation for applying IFRS 15 and IFRS 16
First written in FY2018. 2 of 6 entries say "Achieved", first in FY2019-Q1. Latest entry: FY2020-Q1.
16 other companies' latest entry also says "Achieved".
- FY2020-Q1AchievedAnnual report
「The Group has applied IFRS 16, "Leases" (hereinafter, "IFRS 16"), from the first quarter of the current fiscal year. As a result of applying IFRS 16, right-of-use assets increased by ¥19,729 million and property, plant and equipment decreased by ¥2,514 million at the beginning of the current consolidated fiscal year.」
IFRS 16, which had been in the preparation stage, was actually adopted from the first quarter beginning 1 April 2019, and its impact on right-of-use assets and property, plant and equipment at the beginning of the period was disclosed. - FY2019AdvancedAnnual report
「As a result of this adoption, based on currently available information, the estimated impact on total assets and total liabilities in the consolidated statement of financial position for the fiscal year ending March 2020 is approximately ¥17.0 billion. In addition, cash flows from operating activities in the consolidated statement of cash flows are expected to increase by approximately ¥6.0 billion, while cash flows from financing activities are expected to decrease by the same amount.」
Following the adoption of IFRS 15, the planned adoption of IFRS 16 from the fiscal year ending March 2020 was indicated, with estimated changes of approximately ¥17.0 billion in assets and liabilities and approximately ¥6.0 billion each in operating and financing cash flows disclosed. - FY2019-Q3RestatedAnnual report
「The Group has applied IFRS 15, "Revenue from Contracts with Customers," from the first quarter of the current fiscal year. Compared with applying the previous accounting standards, the amounts affecting each line item in the condensed quarterly consolidated income statement for the cumulative third quarter of the current fiscal year were primarily a ¥7,197 million decrease in revenue and a ¥7,180 million decrease in selling, general and administrative expenses. There was no impact on quarterly profit.」
IFRS 15, adopted from the first quarter, continued to be applied, resulting in presentation decreases of ¥7,197 million in revenue and ¥7,180 million in selling, general and administrative expenses for the cumulative third quarter, with no impact on quarterly profit. - FY2019-Q2RestatedAnnual report
「The Group has applied IFRS 15, "Revenue from Contracts with Customers," from the first quarter of the current fiscal year. Compared with applying the previous accounting standards, the amounts affecting each line item in the condensed quarterly consolidated income statement for the cumulative second quarter of the current fiscal year were primarily a ¥4,046 million decrease in revenue and a ¥4,206 million decrease in selling, general and administrative expenses. There was no impact on quarterly profit.」
The application of IFRS 15 continued, resulting in decreases of ¥4,046 million in revenue and ¥4,206 million in selling, general and administrative expenses for the cumulative second quarter, with no impact on quarterly profit. - FY2019-Q1AchievedAnnual report
「Our group has applied IFRS 15, “Revenue from Contracts with Customers,” from the first quarter of the current consolidated fiscal year.」
IFRS 15, which had been disclosed in preparation for adoption from the fiscal year ending March 2019, was actually adopted from the first quarter of the current fiscal year. As a result, revenue decreased by ¥2,084 million and selling, general and administrative expenses decreased by ¥2,080 million, with no impact on quarterly profit, as stated. - FY2018First statedAnnual report
「With the adoption of IFRS 15, "Revenue from Contracts with Customers," certain items previously recorded as selling, general and administrative expenses will be deducted from revenue. As a result of this adoption, we estimate that revenue in the consolidated income statement for the fiscal year ending March 2019 will decrease by approximately ¥3.0 billion for the cumulative second quarter and approximately ¥7.0 billion for the full year. The impact on profit for the period will be immaterial.」
IFRS 15 was adopted from the fiscal year ending March 2019, and an estimated full-year decrease in revenue of approximately ¥7.0 billion was disclosed. IFRS 16 was scheduled for adoption in the fiscal year ending March 2020, with its impact under review.