Application of the revenue recognition and fair value measurement standards from the fiscal year ending March 2022
First written in FY2021. 3 of 6 entries say "Restated". Latest entry: FY2023-Q3.
126 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (Accounting Standard Implementation Guidance No. 31, 17 June 2021; hereinafter, the "Fair Value Measurement Implementation Guidance") was applied from the beginning of the first quarter of the consolidated 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 by the guidance are being applied prospectively. There is no impact on the quarterly consolidated financial statements.」
The Fair Value Measurement Implementation Guidance was applied from the first quarter, and the explanation that there is no impact on the quarterly consolidated financial statements has been reconfirmed. - FY2023-Q2RestatedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (Accounting Standard Implementation Guidance No. 31, 17 June 2021; hereinafter, the "Fair Value Measurement Implementation Guidance") was applied from the beginning of the first quarter of the consolidated 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 by the guidance are being applied prospectively. There is no impact on the quarterly consolidated financial statements.」
The Fair Value Measurement Implementation Guidance was applied from the beginning of the first quarter, and the explanation that there is no impact on the financial statements has been reconfirmed. - FY2023-Q1AchievedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (Accounting Standard Implementation Guidance No. 31, 17 June 2021; hereinafter, the "Fair Value Measurement Implementation Guidance") was 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 Fair Value Measurement Implementation Guidance, the new accounting policies prescribed by the guidance are being applied prospectively. There is no impact on the quarterly consolidated financial statements.」
Among the accounting standard-related measures scheduled for application from the beginning of the fiscal year ending March 2022, the Fair Value Measurement Implementation Guidance was applied from the beginning of the first quarter. The company explains that there is no impact on the financial statements. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Standard") and related standards were applied from the beginning of the first quarter of the consolidated fiscal year. Accordingly, 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. As a result, for transactions in which the Group acts as an agent in providing goods or services to customers, the Group changed from recognizing the total consideration received from customers as revenue to recognizing revenue on a net basis after deducting the amount paid to third parties from the total consideration. As a result, sales for the nine-month period ended 31 December decreased by ¥1,601 million, while cost of sales decreased by ¥1,631 million.」
The revenue recognition standard and related standards have been applied from the beginning of the first quarter. As a result of changing the presentation of revenue from agent transactions from gross to net, sales for the nine-month period ended 31 December decreased by ¥1,601 million and cost of sales decreased by ¥1,631 million. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the first quarter of the current fiscal year. Accordingly, the major management indicators for the cumulative first quarter reflect application of these accounting standards.」
The accounting standards for revenue recognition and related standards, which had been scheduled for application from the beginning of the fiscal year ending March 2022, began to be applied from the beginning of the first quarter of the current consolidated fiscal year. The change in revenue recognition reduced sales and cost of sales for the quarter by ¥487 million. - FY2021First statedAnnual report
「The standard was scheduled to be applied from the beginning of the fiscal year ending March 2022.」
Regarding the accounting standards for revenue recognition and fair value measurement, this is the first disclosure stating that they are scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact of the revenue recognition standard is described as immaterial, while the impact of the fair value measurement standard and related standards was still under evaluation as of the preparation date.