Preparing to Apply the New Revenue Recognition and Fair Value Measurement Standards from the Fiscal Year Ending March 2022
First written in FY2021. 2 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2023-Q3.
126 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The Company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Implementation Guidance”) 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 applied prospectively. This had no impact on the quarterly consolidated financial statements.」
The Fair Value Measurement Implementation Guidance was applied from the beginning of the first quarter of the consolidated fiscal year, and the statement that it had no impact on the quarterly consolidated financial statements is being reconfirmed. - FY2023-Q1AchievedAnnual report
「The Company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Implementation Guidance”) 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 applied prospectively. This had no impact on the quarterly consolidated financial statements.」
The Fair Value Measurement Implementation Guidance was applied from the beginning of the first quarter of the current consolidated fiscal year, with no impact on the quarterly consolidated financial statements. - FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”), among others, from the beginning of the first quarter of the current consolidated 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 Company applied from the beginning of the first quarter of the current consolidated fiscal year the revenue recognition standard that had been scheduled in the previous fiscal year for application from the fiscal year ending March 2022. There was no impact on net sales, profit or other items. - FY2021First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Accounting Standard for Fair Value Measurement, among others, were scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact was being assessed when these consolidated financial statements were prepared.」
The Company planned to apply the revenue recognition and fair value measurement standards, among others, from the beginning of the fiscal year ending March 2022, and was assessing their impact on the financial statements.