Preparations for the Future Adoption of New Accounting Standards
First written in FY2020. 1 of 7 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2026.
14 other companies' latest entry also says "Other".
- FY2026Lease accounting standard scheduled to apply from the fiscal year ending March 2028 addedAnnual report
「Accounting Standard for Leases (ASBJ Statement No. 34, 13 September 2024) and Implementation Guidance on the Accounting Standard for Leases (ASBJ Guidance No. 33, 13 September 2024)」
The Company newly disclosed that the accounting standards and related guidance on leases are scheduled to apply from the beginning of the fiscal year ending March 2028 and that their impact is being assessed. - FY2023New standards scheduled to apply from the fiscal year ending March 2025 addedAnnual report
「The Accounting Standard for Tax Effect Accounting for Income Taxes, Inhabitant Taxes and Enterprise Taxes and other standards are scheduled to apply from the beginning of the fiscal year ending March 2025. The amount of the impact is currently being assessed in preparing these consolidated financial statements.」
Following the application of the standards related to revenue recognition and fair value measurement, the Company disclosed that standards related to income taxes and other taxes, presentation of comprehensive income and tax-effect accounting are scheduled to apply from the beginning of the fiscal year ending March 2025. - FY2022In addition to the standards already applied, a new implementation guidance is scheduled to apply from the fiscal year ending March 2023.Annual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021) is scheduled to apply from the beginning of the fiscal year ending March 2023. The amount of the impact is currently being assessed in preparing these consolidated financial statements.」
While the Company applied the revenue recognition accounting standard and the fair value measurement accounting standard and related standards, it plans to apply the implementation guidance on the fair value measurement accounting standard from the beginning of the fiscal year ending March 2023. - 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 accounting treatment of applying the revenue recognition accounting standard from the beginning of the first quarter of the fiscal year continues. - FY2022-Q2AchievedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter of the current 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 other standards from the beginning of the first quarter of the current fiscal year, and will apply the new accounting policies prescribed by those standards prospectively.」
The Company actually applied the revenue recognition accounting standard and the fair value measurement accounting standard and related standards, which had been scheduled for future application, from the beginning of the first quarter of the fiscal year ending March 2022. - FY2022-Q1AdvancedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter of the current 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. For transactions in which materials are supplied for consideration, the Company previously recognized the derecognition of the supplied materials, but from the beginning of the first quarter of the current fiscal year, it no longer recognizes their derecognition when it has an obligation to repurchase them. For transactions in which materials are received for consideration, the Company previously recognized revenue including the amount received for raw materials and other items in the sales amount to the supplying party, but from the beginning of the first quarter of the current fiscal year, it recognizes revenue excluding the amount received for raw materials and other items.」
The Company applied the revenue recognition accounting standard, which had been scheduled for application from the beginning of the fiscal year ending March 2022, from the beginning of the first quarter of the current fiscal year and changed the accounting treatment for transactions involving materials supplied or received for consideration. - FY2020First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on the Accounting Standard for Revenue Recognition are scheduled to apply from the beginning of the fiscal year ending March 2022. The amount of the impact is currently being assessed in preparing these consolidated financial statements. The Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Errors and the Accounting Standard for Disclosure of Accounting Estimates are scheduled to apply from the end of the fiscal year ending March 2021.」
The Company disclosed the planned application and impact assessment of new standards, including those on revenue recognition, fair value measurement, disclosure of accounting policies and disclosure of accounting estimates, from the end of the fiscal year ending March 2021 or the beginning of the fiscal year ending March 2022.