Increase in Allowance for Credit Losses Resulting from Adoption of the Expected Credit Loss Standard
First written in FY2021-Q1. . Latest entry: FY2021-Q3.
0 other companies' latest entry also says "Other".
- FY2021-Q3Cumulative disclosure of the impact of applying the expected credit loss standardAnnual report
「As a result, as of the beginning of the first quarter of the current fiscal year, the allowance for doubtful accounts increased mainly by ¥9,953 million, while retained earnings decreased by ¥15,150 million. Ordinary income and profit before income taxes for the nine months of the current fiscal year decreased by ¥11,749 million each.」
The Company disclosed the impacts of applying ASU 2016-13, including a ¥9.953 billion increase in the allowance for doubtful accounts at the beginning of the fiscal year, a ¥15.150 billion decrease in retained earnings, and a ¥11.749 billion decrease in ordinary income and other items for the nine months of the current fiscal year. - FY2021-Q2Continued disclosure of the impact of applying the accounting standardAnnual report
「As a result, as of the beginning of the interim period of the current fiscal year, the allowance for doubtful accounts increased mainly by ¥9,953 million, while retained earnings decreased by ¥15,150 million. Ordinary income and profit before income taxes for the interim period of the current fiscal year decreased by ¥11,197 million each.」
Following the application of ASU 2016-13 by certain overseas consolidated subsidiaries, the allowance for doubtful accounts at the beginning of the fiscal year increased by ¥9.953 billion and retained earnings decreased by ¥15.150 billion. The impact on ordinary income and other items for the interim period was also disclosed. - FY2021-Q1First statedAnnual report
「As a result, as of the beginning of the first quarter of the current fiscal year, the allowance for doubtful accounts increased mainly by ¥9,953 million, while retained earnings decreased by ¥15,150 million. Ordinary income and profit before income taxes for the first quarter of the current fiscal year decreased by ¥10,368 million each.」
Certain overseas consolidated subsidiaries changed their measurement basis from incurred losses to expected credit losses by applying revised U.S. GAAP Topic 2016-13. They disclosed the impacts on the allowance for doubtful accounts and retained earnings at the beginning of the fiscal year and on profit for the current quarter.