Preparation for the Adoption of New Standards on Revenue Recognition, Fair Value Measurement, Accounting Estimates and Other Matters
First written in FY2020. 4 of 8 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2025: 6 of 70 companies on the "Worse" side.
49 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Accounting Standard for Subsequent Events and other applicable standards will be applied from the beginning of the fiscal year ending March 2028.」
It disclosed that the new accounting standard for subsequent events is scheduled to apply from the beginning of the fiscal year ending March 2028. The same application timing was indicated for the lease accounting standard. - FY2025AdvancedAnnual report
「The Accounting Standard for Leases and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2028.」
It disclosed that the new lease accounting standard is scheduled to apply from the beginning of the fiscal year ending March 2028, with the impact still under assessment. - FY2023-Q1AdvancedAnnual report
「The company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the "Fair Value Measurement Implementation Guidance") from the beginning of the first quarter of the current fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Implementation Guidance, it decided to apply the new accounting policy prescribed by the guidance prospectively. There was no impact from this application.」
The company applied the implementation guidance for the fair value measurement accounting standard from the beginning of the first quarter. It also transitioned to the Group Tax Sharing System from the same period and applied the related accounting treatment and disclosures. - FY2022-Q3RestatedAnnual report
「As a result, for the cumulative third quarter of the current fiscal year, net sales decreased by ¥530 million, cost of sales decreased by ¥98 million, selling, general and administrative expenses decreased by ¥298 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥134 million.」
It discloses that the revenue recognition accounting standards applied from the first quarter reduced net sales by ¥530 million and operating profit and other income measures by ¥134 million for the cumulative third quarter. - FY2022-Q2RestatedAnnual report
「As a result, for the cumulative second quarter of the current fiscal year, net sales decreased by ¥425 million, cost of sales decreased by ¥97 million, selling, general and administrative expenses decreased by ¥195 million, and operating profit, ordinary profit and profit before income taxes decreased by ¥133 million.」
It discloses that, as a result of applying the revenue recognition accounting standard from the first quarter, net sales for the cumulative second quarter decreased by ¥425 million and operating profit and other income measures decreased by ¥133 million. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards were applied from the beginning of the first-quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The company applied the revenue recognition standard, which had been scheduled for preparation and application in the previous fiscal year, from the beginning of the first quarter of the current fiscal year. It also applied the accounting standard for fair value measurement from the same time. - FY2021AdvancedAnnual report
「The Accounting Standard for Disclosure of Accounting Estimates (Accounting Standard No. 31, 31 March 2020) has been applied to the consolidated financial statements for the year-end of the current consolidated fiscal year, and notes on significant accounting estimates are included.」
The company actually applied the disclosure standard for accounting estimates from the end of the current fiscal year and began providing notes on significant estimates. The revenue recognition and fair value measurement standards are scheduled to apply from the beginning of the following fiscal year. - FY2020First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards will apply from the beginning of the fiscal year ending March 2022. The Accounting Standard for Disclosure of Accounting Estimates and the Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Error Corrections will apply from the end of the fiscal year ending March 2021.」
It discloses for the first time, in a consolidated manner, the application timing and ongoing impact assessment for new standards on revenue recognition, fair value measurement, accounting estimates and accounting policy disclosures.