Preparation for Adoption of New Accounting Standards for the Fiscal Years Ending February 2022 and February 2023
First written in FY2021. 5 of 10 entries say "Advanced", first in FY2022. Latest entry: FY2026-H1.
11 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「The Company has applied the Accounting Standard for Tax Accounting for Corporate Taxes, Inhabitant Taxes and Enterprise Taxes and other standards from the beginning of the current interim consolidated accounting period. ... The change in this accounting policy had no impact on the interim consolidated financial statements.」
The new accounting standards and related guidance for corporate income taxes are being applied from the beginning of the current interim consolidated accounting period. They state that there is no impact on the financial statements. - FY2025-Q1AdvancedAnnual report
「The business combination with Taiyu Co., Ltd. and Nichii Care Net Co., Ltd. conducted on 31 March 2023 had been accounted for provisionally during the first quarter of the previous consolidated fiscal year, but the accounting treatment was finalized at the end of the previous consolidated fiscal year.」
The provisional purchase price allocation for the business combinations with Taiyu and Nichii Care Net was finalized at the end of the previous consolidated fiscal year and reflected in the comparative information. Provisional goodwill of ¥5,037 million was revised to ¥2,011 million, and customer-related assets, deferred tax liabilities and other items were also revised. - FY2024-Q2RestatedAnnual report
「We adopted the Implementation Guidance on Accounting Standard for Fair Value Measurement from the beginning of the first quarter and will apply the new accounting policies prescribed by the guidance prospectively. There was no impact on the quarterly consolidated financial statements.」
The Company applied the implementation guidance for the fair value measurement standard from the beginning of the first quarter and continues to state that it had no impact on the financial statements in the second quarter. - FY2024-Q1AdvancedAnnual report
「We have applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (Accounting Standards Implementation 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, the new accounting policies prescribed therein will be applied prospectively. There is no impact on the quarterly consolidated financial statements.」
The Company applied the implementation guidance for the fair value measurement standard, which had been at the preparation stage, from the beginning of the first quarter. It states that there was no impact on the financial statements. - FY2023Finalizing the full-year impact of the revenue recognition standardAnnual report
「As a result, revenue decreased by ¥1,454 million and cost of sales decreased by ¥1,452 million during the current consolidated fiscal year, while operating profit, ordinary profit and profit before income taxes decreased by ¥60 million each. In addition, the opening balance of retained earnings increased by ¥231 million.」
The full-year impact of applying the revenue recognition standard has been finalized as a ¥1,454 million decrease in revenue, a ¥60 million decrease in operating profit and other profit measures, and a ¥231 million increase in opening retained earnings. - FY2023-Q3Updated cumulative impact of adopting the revenue recognition standardAnnual report
「As a result, revenue decreased by ¥1,083 million and cost of sales decreased by ¥1,082 million during the nine months ended the third quarter of the current consolidated fiscal year, while operating profit, ordinary profit and profit before income taxes decreased by ¥73 million each. In addition, the opening balance of retained earnings increased by ¥231 million.」
The Company has updated its disclosure of the impact of applying the revenue recognition standard from the first quarter, including decreases of ¥1,083 million in revenue and ¥73 million in operating profit and other profit measures for the nine months ended the third quarter. - FY2023-Q2RestatedAnnual report
「As a result, revenue decreased by ¥716 million and cost of sales decreased by ¥715 million during the six months ended the second quarter of the current consolidated fiscal year, while operating profit, ordinary profit and profit before income taxes decreased by ¥60 million each.」
The Company has specifically disclosed the impact of applying the revenue recognition standard from the first quarter on revenue, cost of sales and profit for the six months ended the second quarter. - FY2023-Q1AdvancedAnnual report
「The revenue recognition accounting standards and related standards were applied from the beginning 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 Company applied the revenue recognition standard from the beginning of the fiscal year on 1 March 2022, changing its accounting treatment to net recognition for transactions in which it acts as an agent and point-in-time recognition for installment sales. It also applied the fair value measurement standard from the beginning of the first quarter of the current fiscal year. - FY2022AdvancedAnnual report
「We applied the “Accounting Standard for Disclosure of Accounting Estimates” (Accounting Standard No. 31, 31 March 2020) from the consolidated financial statements for the fiscal year-end and included notes on significant accounting estimates in the consolidated financial statements.」
The Company applied the standards for disclosure of accounting estimates from the end of the current fiscal year and has included notes on significant accounting estimates. The revenue recognition and fair value measurement standards are scheduled to be applied from the beginning of the fiscal year ending February 2023. - FY2021First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending February 2023. The Accounting Standard for Disclosure of Accounting Estimates and the Accounting Standard for Disclosure of Accounting Policies, Changes in Accounting Estimates and Corrections of Errors are scheduled to be applied from the end of the fiscal year ending February 2022.」
The Company has, for the first time, disclosed together its plans to apply the revenue recognition standards and related standards from the beginning of the fiscal year ending February 2023, and the standards for disclosure of accounting estimates and related matters from the end of the fiscal year ending February 2022.