Membership in the Financial Accounting Standards Foundation and Gathering Information on Accounting Standards
First written in FY2018. 5 of 12 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「We will apply the “Accounting Standard for Leases” and related standards from the beginning of the fiscal year ending March 2028.」
The planned application of the new lease accounting standard from the fiscal year ending March 2028 was specifically disclosed. The amount of the impact is currently being evaluated. - 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 Guidance”) has been applied from the beginning of the first quarter of the consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, the new accounting policies prescribed by the Fair Value Measurement Guidance will be applied prospectively. There is no impact from this application.」
The application of the Fair Value Measurement Guidance from the beginning of the first quarter of the consolidated fiscal year, and the absence of any impact on financial figures, have been reconfirmed. - FY2023-Q1AdvancedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Guidance”) has been applied from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, the new accounting policies prescribed by the Fair Value Measurement Guidance will be applied prospectively. There is no impact from this application.」
The Fair Value Measurement Guidance was actually applied from the beginning of the first quarter of the current consolidated fiscal year. It states that the application has no impact on financial figures. - FY2022-Q3RestatedAnnual report
「As a result, net sales for the cumulative third quarter of the current consolidated fiscal year decreased by ¥7,665 million and cost of sales decreased by ¥7,665 million, but there was no impact on operating profit, ordinary profit or profit attributable to owners of the parent.」
With respect to the Revenue Recognition Standard applied from the first quarter, it was reconfirmed that net sales and cost of sales decreased by the same amount through the cumulative third quarter, with no impact on profit. - FY2022-Q2RestatedAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal year decreased by ¥4,114 million and cost of sales decreased by ¥4,114 million, but there was no impact on operating profit, ordinary profit or profit attributable to owners of the parent.」
The method of recognizing transactions as an agent and the impact on the cumulative second quarter were reconfirmed with respect to the Revenue Recognition Standard applied from the first quarter. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other applicable standards have been 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 Revenue Recognition Standard, which had been scheduled for application from the fiscal year ending March 2022, was actually applied from the beginning of the first quarter. As a result, net sales decreased by ¥2,719 million, but there was no impact on operating profit or other profit measures. - FY2021AdvancedAnnual report
「The Accounting Standard for Revenue Recognition and other applicable standards will be applied from the beginning of the fiscal year ending March 2022.」
The plan to apply the revenue recognition standard and other standards from the fiscal year ending March 2022 continued, and the Accounting Standard for Disclosure of Accounting Estimates was actually applied at the end of the current fiscal year. - FY2020AdvancedAnnual report
「The Accounting Standard for Revenue Recognition and other applicable standards will be applied from the beginning of the fiscal year ending March 2022.」
The planned application of the new revenue recognition standard and other standards from the fiscal year ending March 2022 was disclosed. The previous policy of understanding accounting standards and responding to changes has progressed to a specific implementation plan. - FY2019RestatedAnnual report
「We have taken specific measures to ensure the appropriateness of our consolidated financial statements and other financial information. Specifically, we have joined the Financial Accounting Standards Foundation and participate in its seminars in order to establish a system that enables us to properly understand the content of accounting standards and respond appropriately to changes in accounting standards and related matters.」
The system for responding to accounting standards through membership in the Financial Accounting Standards Foundation and participation in its seminars has been reconfirmed. - FY2019-Q3RestatedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, 16 February 2018), along with other applicable standards, have been applied from the beginning of the first quarter of the consolidated fiscal year. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The supplementary information reconfirms that the revised tax-effect accounting standard was applied from the beginning of the first quarter. - FY2019-Q1AdvancedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, 16 February 2018), along with other applicable standards, have been applied from the beginning of the first quarter of the current consolidated fiscal year.」
In connection with the policy for responding to accounting standards through membership in the Financial Accounting Standards Foundation and participation in its seminars, the revised tax-effect accounting standard was actually applied from the beginning of the first quarter. - FY2018First statedAnnual report
「The Company has joined the Financial Accounting Standards Foundation and participates in its seminars to establish a system for appropriately understanding the content of accounting standards and responding accurately to changes and other developments in accounting standards.」
The disclosure describes a system involving membership in the Financial Accounting Standards Foundation and participation in seminars to understand accounting standards and respond to changes.