Application of Revised Tax-Effect Accounting Standards and Changes in Presentation
First written in FY2019-Q3. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2025-H1.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
- FY2025-H1Accounting standards for income taxes and other standards appliedAnnual report
「We have applied the Accounting Standard for Accounting for Income Taxes (Accounting Standard No. 27, 28 October 2022) and related standards from the beginning of the interim consolidated accounting period.」
The 2022 amendments to the accounting standards concerning the classification of income taxes and related implementation guidance were applied from the beginning of the current interim consolidated fiscal period. It was stated that the change in accounting policy had no effect on the interim consolidated financial statements. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter, we adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards. 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 revenue recognition accounting standards and related standards, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were applied from the beginning of the first quarter of the current consolidated fiscal period. As a result, quarterly revenue decreased by ¥2,342 million, operating profit and ordinary profit each decreased by ¥48 million, and the opening balance of retained earnings increased by ¥274 million. - FY2019-Q3First statedAnnual report
「The company has applied the partial amendment to the Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the fiscal year under review. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
It was first disclosed that the amendments to the accounting standards for tax-effect accounting and other changes were applied from the beginning of the first quarter of the current consolidated fiscal period, changing the presentation classification of deferred tax assets and liabilities.