Implementation of New Accounting Standards
First written in FY2018. 4 of 10 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2026.
Regal moved to the "Worse" side of this theme in 2026, 1 year after the typical company in this theme (2025).
3 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The scheduled application date for the “Accounting Standard for Leases” and related standards is the beginning of the fiscal year ending February 2029.」
The scheduled application of the lease accounting standard was changed from the beginning of the fiscal year ending March 2028 to the beginning of the fiscal year ending February 2029 to reflect the change in the fiscal year-end. The impact remains under evaluation. - FY2025AdvancedAnnual report
「The “Accounting Standard for Leases” (Accounting Standard No. 34, 13 September 2024) is scheduled to be applied from the beginning of the fiscal year ending March 2028.」
Disclosed that the new lease accounting standard is scheduled to be applied from the beginning of the fiscal year ending March 2028 and that its impact is still being evaluated. - FY2025-H1AdvancedAnnual report
「The “Accounting Standard for Current Income Taxes” (ASBJ Statement No. 27, 28 October 2022), the “Accounting Standard for Presentation of Comprehensive Income” (ASBJ Statement No. 25, 28 October 2022) and the “Implementation Guidance on Tax Effect Accounting” (ASBJ Guidance No. 28, 28 October 2022) have been applied from the beginning of the current interim consolidated accounting period. This has had no impact on the interim consolidated financial statements.」
The new standards related to corporate income taxes, comprehensive income and tax-effect accounting were applied from the beginning of the interim period, with no impact on the financial statements. - FY2022Updated to the full-year impactAnnual report
「As a result, compared with before application of the revenue recognition accounting standard and related standards, retained earnings on the consolidated balance sheet for the current consolidated fiscal year decreased by ¥169 million. On the consolidated income statement for the current consolidated fiscal year, revenue decreased by ¥96 million and cost of sales decreased by ¥25 million, while operating income, ordinary income and income before income taxes and adjustments each increased by ¥22 million.」
Disclosed the full-year impact of applying the revenue recognition accounting standard on retained earnings, revenue, cost of sales and profit. - FY2022-Q3Updated to the impact through the third quarterAnnual report
「As a result, for the nine-month period, revenue decreased by ¥29 million and cost of sales decreased by ¥0 million, while operating loss, ordinary loss and quarterly loss before income taxes and adjustments each decreased by ¥31 million. The opening balance of retained earnings also decreased by ¥169 million.」
Updated the impact of applying the revenue recognition accounting standard and related standards on nine-month revenue, operating loss and retained earnings. - FY2022-Q2RestatedAnnual report
「As a result, for the six-month period, revenue decreased by ¥87 million and cost of sales decreased by ¥20 million, while operating loss, ordinary loss and quarterly loss before income taxes and adjustments each increased by ¥34 million. The opening balance of retained earnings also decreased by ¥169 million.」
Disclosed the impact of applying the revenue recognition accounting standard and related standards on the six-month period, including an ¥87 million decrease in revenue and a ¥169 million decrease in the opening balance of retained earnings. - FY2022-Q1AchievedAnnual report
「Applied the “Accounting Standard for Revenue Recognition” (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and the “Implementation Guidance on Accounting Standard for Revenue Recognition” (Implementation Guidance No. 30, 26 March 2021) from the beginning of the current first-quarter consolidated accounting period. 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 “Accounting Standard for Fair Value Measurement” and related standards were also applied from the beginning of the current first-quarter consolidated accounting period.」
The revenue recognition standard and fair value measurement accounting standard, which had been scheduled for application by the previous fiscal year, were actually applied from 1 April 2021. Revenue recognition accounting was also changed for points, variable consideration, sales with a right of return and customer-supplied materials. - FY2020AdvancedAnnual report
「The “Accounting Standard for Revenue Recognition” and related standards were scheduled to be applied from the beginning of the fiscal year ending March 2022. The “Accounting Standard for Fair Value Measurement” and related standards were also scheduled to be applied from the beginning of the fiscal year ending March 2022.」
Disclosed the specific timing for application of the revenue recognition standard and plans to apply the new accounting standards, including fair value measurement, from the beginning of the fiscal year ending March 2022. - FY2019-Q1AdvancedAnnual report
「Applied the “Partial Amendments to the Accounting Standard for Tax Effect Accounting” (Accounting Standard No. 28, 16 February 2018) and related standards from the beginning of the current first-quarter consolidated accounting period,」
The tax-effect accounting standards that had been scheduled for application in the previous fiscal year were actually applied from the beginning of the current first-quarter consolidated accounting period. - FY2018First statedAnnual report
「The “Guidance on Application of Accounting Standards for Tax Effect Accounting” and related standards were scheduled to be applied from the beginning of the fiscal year ending March 2019. The “Accounting Standard for Revenue Recognition” and related standards were scheduled to be applied from the beginning of the fiscal year ending March 2022.」
Disclosed plans to apply the tax-effect accounting standards from the fiscal year ending March 2019 and the revenue recognition standard from the fiscal year ending March 2022. The impact of tax-effect accounting was described as immaterial, while the impact of the revenue recognition standard was still under evaluation.