Changes in Accounting Standards, Tax Rules and Other Regulations
First written in FY2017-Q1. 10 of 22 entries say "Restated". Latest entry: FY2025.
Tsuzuki Denki moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2024: 2 of 13 companies on the "Worse" side.
10 other companies' latest entry also says "Other".
- FY2025Planned adoption of the lease accounting standardAnnual report
「The Lease Accounting Standard and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2028.」
Regarding changes in accounting standards, the lease accounting standards and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2028, and the amount of the impact is under evaluation. - FY2025-H1MaterialisedAnnual report
「We adopted the Accounting Standard for Current Income Taxes and related standards from the beginning of the interim consolidated accounting period.」
The accounting standards concerning income taxes, etc., which were scheduled for application in the previous fiscal year, were applied from the beginning of the current interim consolidated accounting period. The company stated that there would be no impact on the financial statements. - FY2024Scheduled for application in the fiscal year ending March 2025Annual report
「The Accounting Standard for Current Income Taxes, Local Income Taxes and Business Taxes and other standards are scheduled to be applied from the beginning of the fiscal year ending March 2025.」
Regarding the risk of changes in accounting standards, the revised standards concerning income taxes, presentation of comprehensive income and tax-effect accounting are scheduled to be applied from the beginning of the fiscal year ending March 2025, and the amount of the impact is under evaluation. - FY2023-Q2RestatedAnnual 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. 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 continues to apply the fair-value measurement guidance and reports no impact on the quarterly consolidated financial statements. - FY2023-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 Implementation Guidance on Accounting Standard for Fair Value Measurement was actually applied from the beginning of the first quarter of the current fiscal year. No impact on the financial statements was reported. - FY2022-Q3RestatedAnnual report
「As a result, revenue for the nine months ended the third quarter of the current fiscal year increased by ¥1,276 million, cost of sales increased by ¥1,027 million, and operating profit, ordinary profit and profit before income taxes increased by ¥247 million each.」
The Company continues to apply the Accounting Standard for Revenue Recognition and other standards, and disclosed that their impact on the nine months ended the third quarter was an increase of ¥1,276 million in revenue and ¥247 million in operating profit and other measures. - FY2022-Q2RestatedAnnual report
「As a result, revenue for the six months ended the second quarter of the current fiscal year increased by ¥1,042 million, cost of sales increased by ¥826 million, and operating profit, ordinary profit and profit before income taxes increased by ¥216 million each.」
The Company continues to apply the Accounting Standard for Revenue Recognition and other standards, and disclosed that their impact on the six months ended the second quarter of the current fiscal year was an increase of ¥1,042 million in revenue and ¥216 million in operating profit and other measures. - FY2022-Q1AdvancedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (Accounting Standard 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 Standard for Revenue Recognition was actually applied from the beginning of the fiscal year ending March 2022, changing revenue recognition to recognition based on the satisfaction of performance obligations. Revenue increased by ¥265 million, while operating profit and other measures increased by ¥53 million. The Accounting Standard for Fair Value Measurement was also applied at the same time. - FY2021AdvancedAnnual report
「We applied the Accounting Standard for Disclosure of Accounting Estimates to the consolidated financial statements for the fiscal year-end and included notes on significant accounting estimates.」
Regarding the risk of changes in accounting standards, the standard concerning the disclosure of accounting estimates was actually applied from the end of the current fiscal year, while the revenue recognition and fair value measurement standards were scheduled for application from the beginning of the fiscal year ending March 2022. - FY2021-Q3RestatedAnnual report
「The application of new accounting standards or the introduction or amendment of tax laws may affect the Group's financial position and operating results. In addition, tax law amendments and differences in interpretation with the tax authorities in tax filings may result in a greater-than-expected tax burden for the Group.」
The Company continues to identify the risk that the introduction or amendment of accounting standards and tax laws, and differences in interpretation with the tax authorities, may affect its financial position, operating results and tax burden. - FY2020Additional planned accounting standardsAnnual report
「The planned application date for the Accounting Standard for Fair Value Measurement and other standards is 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 Errors are to be applied from the end of the fiscal year ending March 2021.」
In addition to the revenue recognition standard, the Company newly specified the planned application of standards concerning fair value measurement, disclosure of accounting estimates and disclosure of accounting policies, among others. - FY2020-Q3RestatedAnnual report
「The application of new accounting standards or the introduction or amendment of tax laws may affect the Group's financial position and operating results. In addition, tax law amendments and differences in interpretation with the tax authorities in tax filings may result in a greater-than-expected tax burden for the Group.」
The Company continues to identify the risk that the introduction or amendment of accounting standards and tax laws, and differences in interpretation with the tax authorities, may affect its financial position, operating results and tax burden. - FY2020-Q2RestatedAnnual report
「The application of new accounting standards or the introduction or amendment of tax laws may affect the Group's financial position and operating results. In addition, tax law amendments and differences in interpretation with the tax authorities in tax filings may result in a greater-than-expected tax burden for the Group.」
The Company continues to identify the risk that the introduction or amendment of accounting standards and tax laws, and differences in interpretation with the tax authorities, may affect its financial position, operating results and tax burden. - FY2019RestatedAnnual report
「The application of new accounting standards or the introduction or amendment of tax laws may affect the Group's financial position and operating results. In addition, tax law amendments and differences in interpretation with the tax authorities in tax filings may result in a greater-than-expected tax burden for the Group.」
The Company continues to identify the risk that the introduction or amendment of accounting standards and tax laws, and differences in interpretation with the tax authorities, may affect its financial position, operating results and tax burden. - FY2019-Q2RestatedAnnual report
「In addition, we have applied the Partial Amendments to Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the first quarter. Financial position figures are compared with the figures at the end of the previous consolidated fiscal year after retrospective treatment.」
The Company continues to disclose that the Partial Amendments to Accounting Standard for Tax Effect Accounting and other standards were applied from the beginning of the first quarter of the current fiscal year. - FY2019-Q1Accounting Standards AdoptionAnnual report
「In addition, we have applied the Partial Amendments to 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 current fiscal year. Financial position figures are compared with the figures at the end of the previous consolidated fiscal year after retrospective treatment.」
Regarding changes in accounting standards and tax laws, the Company disclosed that the Partial Amendments to Accounting Standard for Tax Effect Accounting and other standards had been applied from the beginning of the first quarter of the current fiscal year. - FY2018Details of planned application providedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending March 2022.」
Regarding the risk of changes in accounting standards and tax laws, the Company specified that application of the new accounting standard for revenue recognition would begin at the start of the fiscal year ending March 2022, while the amount of the impact remained under assessment. - FY2018-Q3RestatedAnnual report
「The application of new accounting standards or the introduction or amendment of tax laws may affect the Group's financial position and operating results. In addition, tax law amendments and differences in interpretation with the tax authorities in tax filings may result in a greater-than-expected tax burden for the Group.」
The Company continues to identify the risk that the introduction or amendment of accounting standards and tax laws, and differences in interpretation with the tax authorities, may affect its financial position, operating results and tax burden. - FY2018-Q2RestatedAnnual report
「The application of new accounting standards or the introduction or amendment of tax laws may affect the Group's financial position and operating results.」
The Company continues to disclose the risk that the introduction or amendment of accounting standards and tax laws may affect its financial position and operating results. - FY2017-Q3MaterialisedAnnual report
「Following the amendment of the Corporation Tax Act, we applied the Practical Solution on Changes in Depreciation Methods Resulting from the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016) from the beginning of the first quarter of the current fiscal year and changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. As a result, the effect on income for the nine months ended the third quarter of the current fiscal year was immaterial.」
The change in the depreciation method resulting from the tax reform has been applied, and the effect on income for the nine months ended the third quarter of the current fiscal year was described as immaterial. - FY2017-Q2MaterialisedAnnual report
「Following the amendment of the Corporation Tax Act, we applied the Practical Solution on Changes in Depreciation Methods Resulting from the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016) from the beginning of the first quarter of the current fiscal year and changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. As a result, the effect on income for the six months ended the second quarter of the current fiscal year was immaterial.」
The change in the depreciation method resulting from the tax reform was applied, and the effect on income was described as immaterial. - FY2017-Q1First statedAnnual report
「The application of new accounting standards or the introduction or amendment of tax laws may affect the Group's financial position and operating results. In addition, tax law amendments and differences in interpretation with the tax authorities in tax filings may result in a greater-than-expected tax burden for the Group.」
The Company identifies as new risks the effects on its financial position, operating results and tax burden of the introduction or amendment of accounting standards and tax laws, and differences in interpretation with the tax authorities.