Preparation for Transition to Revenue Recognition and Lease Accounting Standards
First written in FY2019. 5 of 13 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2025.
44 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The “Accounting Standard for Leases” (Accounting Standards Board of Japan Statement No. 34, 13 September 2024), the “Implementation Guidance on Accounting Standard for Leases” (ASBJ Guidance No. 33, 13 September 2024) and other related accounting standards are scheduled to be adopted from the beginning of the fiscal year ending March 2028.」
For Japan’s new lease accounting standard, the requirement to recognize lessee leases as assets and liabilities is scheduled to be adopted from the beginning of the fiscal year ending March 2028, and the impact is currently being evaluated. - FY2023-Q3RestatedAnnual report
「As a result of applying ASC 842, at the beginning of the first quarter of the current consolidated fiscal year, “Other, net” under property, plant and equipment increased by ¥65 million, “Other” under current liabilities increased by ¥12 million, and “Other” under non-current liabilities increased by ¥53 million. The impact on the quarterly consolidated income statement for the nine-month period ended the third quarter of the current fiscal year was immaterial.」
Continued to disclose the accounting treatment after applying ASC 842 at the US GAAP subsidiary, as well as the impact at adoption. - FY2023-Q2RestatedAnnual report
「As a result of applying ASC 842, at the beginning of the first quarter of the current consolidated fiscal year, “Other, net” under property, plant and equipment increased by ¥65 million, “Other” under current liabilities increased by ¥12 million, and “Other” under non-current liabilities increased by ¥53 million. The impact on the quarterly consolidated income statement for the six-month period ended the second quarter of the current fiscal year was immaterial.」
Continued to disclose the accounting treatment and impact of applying ASC 842 at the US GAAP subsidiary. - FY2023-Q1AdvancedAnnual report
「A consolidated overseas subsidiary applying US GAAP has adopted ASC 842, “Leases,” from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, lessee leases are generally recognized as assets and liabilities on the consolidated balance sheet.」
A subsidiary applying US GAAP began applying ASC 842 and transitioned to recognizing right-of-use assets and lease liabilities. At adoption, property, plant and equipment increased by ¥65 million, current liabilities by ¥12 million and non-current liabilities by ¥53 million. - FY2022Final disclosure of the full-year impact of adoptionAnnual report
「As a result, for the current consolidated fiscal year, net sales increased by ¥402 million and cost of sales increased by ¥404 million, while selling, general and administrative expenses decreased by ¥100 million. Operating income, ordinary income and profit before income taxes increased by ¥97 million each.」
Disclosed the full-year impacts of applying the revenue recognition accounting standard on net sales, expenses and profit. - FY2022-Q3Updated the cumulative impact of the revenue recognition standard.Annual report
「As a result, for the nine-month period ended the third quarter of the current consolidated fiscal year, net sales increased by ¥383 million and cost of sales increased by ¥338 million, while selling, general and administrative expenses decreased by ¥64 million. Operating income, ordinary income and profit before income taxes increased by ¥108 million each.」
For the revenue recognition accounting standard adopted from the first quarter, the impacts on net sales, expenses and profit for the nine-month period were updated and disclosed. - FY2022-Q2Disclosed the impact of adopting the revenue recognition standard.Annual report
「As a result, for the six-month period ended the second quarter of the current consolidated fiscal year, net sales increased by ¥383 million and cost of sales increased by ¥348 million, while selling, general and administrative expenses decreased by ¥52 million. Operating income, ordinary income and profit before income taxes increased by ¥87 million each.」
For the revenue recognition accounting standard adopted from the first quarter, the specific impacts on net sales, expenses and profit for the six-month period were disclosed. - FY2022-Q1AdvancedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were 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 transfers to the customer.」
The domestic revenue recognition standard was adopted, changing the timing of revenue recognition for construction contracts and for Holon’s semiconductor-related equipment. - FY2020AdvancedAnnual report
「Subsidiaries applying International Financial Reporting Standards have adopted IFRS 16, “Leases” (hereinafter, “IFRS 16”), from the beginning of the current consolidated fiscal year. Accordingly, for lessee lease transactions, right-of-use assets and lease liabilities are generally recognized for all leases, while depreciation of right-of-use assets and interest expense on lease liabilities are recorded.」
An overseas subsidiary began applying IFRS 16 and transitioned to recognizing right-of-use assets and lease liabilities. The US subsidiary also applies ASC 606, while the application of the domestic revenue recognition standard is under evaluation for adoption from the fiscal year ending March 2022. - FY2020-Q3RestatedAnnual report
「Subsidiaries applying International Financial Reporting Standards have applied IFRS 16 Leases from the beginning of the first quarter of the consolidated fiscal year. Accordingly, for lessee lease transactions, right-of-use assets and lease liabilities are recognised for, in principle, all leases, while depreciation of right-of-use assets and interest expense on lease liabilities are recorded.」
The filing continues to disclose the application of IFRS 16 Leases by overseas subsidiaries and the accounting treatment involving the recognition of right-of-use assets and lease liabilities. - FY2020-Q2RestatedAnnual report
「Subsidiaries applying International Financial Reporting Standards have applied IFRS 16 Leases from the beginning of the first quarter of the consolidated fiscal year. Accordingly, for lessee lease transactions, right-of-use assets and lease liabilities are recognised for, in principle, all leases, while depreciation of right-of-use assets and interest expense on lease liabilities are recorded.」
The filing continues to disclose the application of IFRS 16 Leases by overseas subsidiaries and the accounting treatment involving the recognition of right-of-use assets and lease liabilities. - FY2020-Q1AdvancedAnnual report
「Subsidiaries applying International Financial Reporting Standards have applied IFRS 16 Leases from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, for lessee lease transactions, right-of-use assets and lease liabilities are recognised for, in principle, all leases, while depreciation of right-of-use assets and interest expense on lease liabilities are recorded.」
Overseas subsidiaries began applying IFRS 16 Leases on 1 April 2019 and transitioned to recognising right-of-use assets and lease liabilities. The total increase upon adoption was ¥569 million. - FY2019First statedAnnual report
「Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 30 March 2018)」
The new accounting standard for revenue recognition was scheduled to be applied from the beginning of the fiscal year ending March 2022, and the company was evaluating its impact. Overseas subsidiaries were also scheduled to apply the standards for leases and revenue recognition from the fiscal year ending March 2020.