Preparation for the Adoption of the Accounting Standards for Revenue Recognition and Fair Value Measurement
First written in FY2021. 1 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2023-Q3.
126 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The Application Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter, the "Fair Value Measurement Accounting Standard Guidance") was adopted 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 Accounting Standard Guidance, the new accounting policy prescribed by the Fair Value Measurement Accounting Standard Guidance was applied prospectively. There was no impact on the quarterly consolidated financial statements.」
The implementation guidance for the Fair Value Measurement Accounting Standard was applied from the beginning of the first-quarter consolidated accounting period of the current fiscal year, and the accounting treatment stating that there was no impact on the quarterly consolidated financial statements has been continued. - FY2023-Q1AdvancedAnnual report
「Effective from the beginning of the first quarter of the current consolidated fiscal year, the company adopted the Implementation Guidance on Accounting Standard for Fair Value Measurement (Implementation Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Implementation Guidance”). In accordance with the transitional treatment prescribed in Paragraph 27-2 of the Fair Value Measurement Implementation Guidance, the company decided to apply prospectively the new accounting policies prescribed by that guidance. There was no impact on the quarterly consolidated financial statements.」
Following the Fair Value Measurement Accounting Standard applied through the previous fiscal year, the implementation guidance was applied from 1 April 2022. It stated that there was no impact on the financial statements. - FY2022-Q1AchievedAnnual report
「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and other standards were applied from the beginning of the current first-quarter consolidated accounting period. 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. Accordingly, contract liabilities have been recorded from the current first-quarter consolidated accounting period for fees related to agency services that may be refundable. The “Accounting Standard for Fair Value Measurement” (ASBJ Statement No. 30, 4 July 2019, hereinafter the “Fair Value Measurement Accounting Standard”) and other standards were applied from the beginning of the current first-quarter consolidated accounting period. In accordance with the transitional treatment stipulated in Paragraph 19 of the Fair Value Measurement Accounting Standard and Paragraph 44-2 of the “Accounting Standard for Financial Instruments” (ASBJ Statement No. 10, 4 July 2019), the new accounting policies stipulated in the Fair Value Measurement Accounting Standard and other standards will be applied prospectively. There was no impact on the quarterly consolidated financial statements.」
The Revenue Recognition Accounting Standard and Fair Value Measurement Accounting Standard, previously scheduled in the prior filing for application from the beginning of the fiscal year ending March 2022, were applied from 1 April 2021. The application of the Revenue Recognition Accounting Standard reduced the opening balance of retained earnings by ¥7 million, while its impact on profit or loss for the current quarter was immaterial. The Fair Value Measurement Accounting Standard had no impact on the financial statements. - FY2021First statedAnnual report
「The Accounting Standard for Revenue Recognition is scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact of applying this accounting standard was immaterial at the time the consolidated financial statements were prepared.」
Planned to apply the revenue recognition standard and the accounting standard for fair value measurement from the beginning of the fiscal year ending March 2022, with the impact expected to be immaterial at the time of preparation.