Preparation for Adoption of New Accounting Standards and Disclosure of Accounting Estimates
First written in FY2021. 6 of 11 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2026.
44 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「・Accounting Standard for Subsequent Events (Accounting Standards Board of Japan Statement No. 41, 9 January 2026, Accounting Standards Board of Japan) ・Implementation Guidance on Accounting Standard for Subsequent Events (Implementation Guidance No. 35, 9 January 2026, Accounting Standards Board of Japan) (2) Scheduled application date The standards will be applied from the beginning of the fiscal year ending March 2028.」
The company newly disclosed the accounting standard for subsequent events and related standards scheduled for application from the beginning of the fiscal year ending March 2028. Together with the lease accounting standard and related standards, the scope of new accounting standards for which the company is preparing to apply has been expanded. - FY2025AdvancedAnnual report
「Accounting Standard for Leases (Accounting Standards Board of Japan Statement No. 34, 13 September 2024, Accounting Standards Board of Japan)」
The company disclosed plans to apply the new lease accounting standard and related standards from the beginning of the fiscal year ending March 2028 and stated that it was evaluating the impact. - FY2025-H1AdvancedAnnual report
「We have applied the “Accounting Standard for Income Taxes, Inhabitants Taxes and Enterprise Taxes” (Accounting Standard No. 27, 28 October 2022) and related standards from the beginning of the current interim consolidated accounting period.」
The company applied the revised accounting standards and related guidance concerning income taxes from the beginning of the current interim consolidated accounting period and stated that the change in accounting policies had no impact on the interim consolidated financial statements. - FY2023RestatedAnnual report
「The company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the current consolidated fiscal year and, in accordance with the transitional treatment prescribed in paragraph 27-2 of the implementation guidance, decided to apply prospectively the new accounting policies prescribed in the guidance. This had no impact on the consolidated financial statements.」
The company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the fiscal year and has continued to disclose that it has no impact on the consolidated financial statements. - FY2023-Q3RestatedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the “Fair Value Measurement Implementation Guidance”) has been applied from the beginning of the first quarter consolidated accounting period. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Implementation Guidance, the new accounting policies prescribed therein have been applied prospectively. There was no impact on the quarterly consolidated financial statements as a result.」
The company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the period and has continued to disclose that it has no impact on the quarterly consolidated financial statements. - FY2023-Q1RestatedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the “Fair Value Measurement Implementation Guidance”) has been applied from the beginning of the first quarter consolidated accounting period. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Implementation Guidance, the new accounting policies prescribed therein have been applied prospectively. There was no impact on the quarterly consolidated financial statements as a result.」
The company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the current first-quarter consolidated accounting period and stated that it had no impact on the quarterly consolidated financial statements. - FY2022AdvancedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the consolidated fiscal year. Revenue is now 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 the accounting standard for revenue recognition and related standards from the beginning of the fiscal year and disclosed their full-year impact, including a ¥353 million decrease in net sales, a ¥410 million decrease in operating profit, and a ¥3 million increase in ordinary profit and profit before income taxes. - FY2022-Q3AdvancedAnnual report
「As a result, during the nine months ended the third quarter of the current consolidated fiscal year, net sales and cost of sales increased by ¥621 million and ¥950 million, respectively, while selling, general and administrative expenses and non-operating expenses decreased by ¥61 million and ¥314 million, respectively. Gross profit decreased by ¥329 million and operating profit decreased by ¥267 million, while ordinary profit and profit before income taxes for the quarter each increased by ¥46 million.」
The company specifically disclosed the impact of the accounting standard for revenue recognition, applied from the beginning of the first-quarter consolidated accounting period, on net sales, profit and other items for the nine months ended the third quarter. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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 has continued to disclose the accounting treatment and impact following the application of the accounting standard for revenue recognition and related standards from the beginning of the first-quarter consolidated accounting period. - FY2022-Q1AdvancedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The company actually applied the accounting standard for revenue recognition and related standards, which had been scheduled for application from the beginning of the fiscal year ending March 2022, from the beginning of the current first-quarter consolidated accounting period. The accounting standard for fair value measurement and related standards were also applied from the beginning of the period. - FY2021First statedAnnual report
「We will apply it from the beginning of the fiscal year ending March 2022.」
The company indicated plans to apply the accounting standard for revenue recognition, the accounting standard for fair value measurement and other standards from the beginning of the fiscal year ending March 2022, and also began applying notes on accounting estimates from the fiscal year-end.