Presentation and Performance Impacts of Amendments to Accounting Standards and Tax Systems
First written in FY2021. 3 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 2 of 13 companies on the "Worse" side.
10 other companies' latest entry also says "Other".
- FY2026Addition of planned adoption of a new accounting standardAnnual report
「We will apply the Accounting Standard for Subsequent Events and related standards from the beginning of the fiscal year ending March 2028.」
In addition to the new lease accounting standard, the Company states that the accounting standard and implementation guidance concerning subsequent events are also scheduled to apply from the fiscal year ending March 2028. - FY2025Scheduled application of the new lease accounting standardAnnual report
「The Company will apply the Accounting Standard for Leases and related standards from the beginning of the fiscal year ending March 2028.」
The Company states that the new lease accounting standard is scheduled to apply from the fiscal year ending March 2028 and that its impact is currently being evaluated. - FY2025-H1Commencement of application of new accounting standards (no impact)Annual report
「We have applied the Accounting Standard for Corporate Taxes, Resident Taxes and Enterprise Taxes (Accounting Standard No. 27, dated 28 October 2022; hereinafter the “2022 Revised Accounting Standard”) and related standards from the beginning of the interim consolidated accounting period under review. The change in accounting policy had no impact on the interim consolidated financial statements.」
The accounting standards concerning income taxes and other standards, which had been scheduled for application from the fiscal year ending March 2025, were applied from the beginning of the current interim consolidated accounting period. The Company states that they had no impact on the financial statements. - FY2023Explicitly states that the new accounting standard is scheduled to apply from the fiscal year ending March 2025Annual report
「(2) Scheduled application date The standard will be applied from the beginning of the fiscal year ending March 2025. (3) Impact of applying the accounting standard and other standards The impact on the consolidated financial statements of applying the Accounting Standard for Current Income Taxes and Business Taxes and other standards is currently being evaluated.」
Regarding the risks associated with amendments to accounting standards and tax laws, the Company states that several new standards are scheduled to apply from the fiscal year ending March 2025 and that their impact is currently being evaluated. - 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 Company reconfirms that the implementation guidance for the Fair Value Measurement Accounting Standard had no impact on the quarterly consolidated financial statements after application. - FY2023-Q2RestatedAnnual 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 Company reconfirms that the implementation guidance for the Fair Value Measurement Accounting Standard had no impact on the quarterly consolidated financial statements after application. - FY2023-Q1Application of implementation guidance for accounting standards (no impact)Annual report
「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”) was applied from the beginning of the first quarter of the current consolidated fiscal year, and the new accounting policies prescribed by the Fair Value Measurement Implementation Guidance were 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 current quarter, but the Company states that it had no impact on the quarterly consolidated financial statements. - FY2022Commencement of accounting standard application (no impact)Annual report
「The Accounting Standard for Revenue Recognition and other standards were applied from the beginning of the current consolidated fiscal year. Revenue is recognised 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. There was no impact on the consolidated financial statements.」
The revenue recognition standard and fair value measurement accounting standard, which had been scheduled for application in the previous fiscal year, were applied from the beginning of the current fiscal year, and the Company disclosed that they had no impact on the financial statements. - FY2022-Q3RestatedAnnual report
「There was no impact on the quarterly consolidated financial statements. In addition, the Accounting Standard for Fair Value Measurement (Accounting Standards Board of Japan Statement No. 30, 4 July 2019, hereinafter the “Fair Value Measurement Accounting Standard”) and other standards were applied from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in Paragraph 19 of the Fair Value Measurement Accounting Standard and Paragraph 44-2 of the Accounting Standard for Financial Instruments (Accounting Standards Board of Japan Statement No. 10, 4 July 2019), the new accounting policies prescribed by the Fair Value Measurement Accounting Standard and other standards will be applied prospectively. There was no impact on the quarterly consolidated financial statements.」
The Company reconfirms that there was no impact on the quarterly consolidated financial statements after applying the revenue recognition standard and fair value measurement accounting standard. - FY2022-Q1Commencement of accounting standard application (no impact)Annual report
「The Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other standards were applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognised 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. There was no impact on the quarterly consolidated financial statements. In addition, the Accounting Standard for Fair Value Measurement (Accounting Standards Board of Japan Statement No. 30, 4 July 2019, hereinafter the “Fair Value Measurement Accounting Standard”) and other standards were applied from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in Paragraph 19 of the Fair Value Measurement Accounting Standard and Paragraph 44-2 of the Accounting Standard for Financial Instruments (Accounting Standards Board of Japan Statement No. 10, 4 July 2019), the new accounting policies prescribed by 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 standard and fair value measurement accounting standard, which had been scheduled for application in the previous fiscal year, were applied from the beginning of the first quarter of the current fiscal year. The Company states that neither had any impact on the quarterly consolidated financial statements. - FY2021First statedAnnual report
「Even if the nature of our Group's business remains unchanged, amendments to accounting systems or accounting standards may change how our Group's operating results and financial position are presented. Deferred tax assets are currently recognised using the statutory effective tax rate. If amendments to the tax system change the tax rate, this may affect our Group's operating results and financial position.」
The risks associated with amendments to accounting standards and tax laws are disclosed separately. The Company states that fair value measurement standards and other standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, with the impact amount not yet determined.