Preparation for New Accounting Standards on Revenue Recognition and Fair Value Measurement
First written in FY2020. 2 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2026.
48 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Accounting Standard for Leases (Accounting Standard No. 34, 13 September 2024, Accounting Standards Board of Japan). The standard will be applied from the beginning of the fiscal year ending March 2028. The Company is currently evaluating the impact of applying the accounting standard and related standards on the consolidated financial statements.」
The Company discloses that it plans to apply the new lease accounting standard and related standards from the beginning of the fiscal year ending March 2028 and is evaluating their impact on the consolidated financial statements. It also plans to apply the standard for subsequent events from the same period. - FY2022-Q3RestatedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards 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 Company continues to apply the revenue recognition standard from the beginning of the first quarter of the current consolidated fiscal year, and disclosed its impact on net sales and segment profit in the third quarter. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020), among others, was applied 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 continues to apply the revenue recognition standard from the beginning of the first quarter of the current consolidated fiscal year, and disclosed its impact on net sales and profit in the second quarter. - FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current consolidated fiscal year, and recognizes revenue 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 also applied the Accounting Standard for Fair Value Measurement and related standards from the beginning of the first quarter of the current consolidated fiscal year.」
The Company actually applied the previously planned revenue recognition and fair value measurement standards from the beginning of the first quarter of the current consolidated fiscal year. - FY2021AdvancedAnnual report
「The Company applied the Accounting Standard for Disclosure of Accounting Estimates (Accounting Standard No. 31) from the fiscal year-end of the current consolidated fiscal year and included notes on significant accounting estimates.」
The Company actually applied the previously planned standard for the disclosure of accounting estimates from the fiscal year-end of the fiscal year ending March 2021. It continues to plan to apply the revenue recognition and fair value measurement standards from the beginning of the fiscal year ending March 2022. - FY2020First statedAnnual report
「The planned effective date for the Accounting Standard for Revenue Recognition and related standards is the beginning of the fiscal year ending March 2022. The Accounting Standard for Disclosure of Accounting Estimates is to be applied from the fiscal year-end of the fiscal year ending March 2021.」
The Company discloses plans to apply the new accounting standards for revenue recognition and related matters from the beginning of the fiscal year ending March 2022, and the standards for disclosure of accounting estimates and related matters from the fiscal year-end of the fiscal year ending March 2021.