Preparation for the Adoption of New Accounting Standards on Fair Value, Accounting Estimates, and Accounting Policy Disclosures
First written in FY2020. 2 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2025.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
12 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「Accounting Standard for Leases (ASBJ Statement No. 34, 13 September 2024). It will be applied from the beginning of the fiscal year ending September 2028. The impact of applying this accounting standard and related standards on the consolidated financial statements is currently being assessed.」
The company disclosed that the new lease accounting standard and related standards are scheduled to be applied from the beginning of the fiscal year ending September 2028 and that their impact is currently being assessed. - FY2024RestatedAnnual report
「Scheduled adoption date for the Accounting Standard for Current Income Taxes and related standards: from the beginning of the fiscal year ending September 2025.」
The company continues to disclose its plan to apply new standards on income taxes, presentation of comprehensive income, tax-effect accounting and related matters from the beginning of the fiscal year ending September 2025. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019, hereinafter the “Fair Value Measurement Accounting Standard”) and related standards were applied from the beginning of the first quarter of the current consolidated fiscal year. 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 prescribed by the Fair Value Measurement Accounting Standard and related standards will be applied prospectively.」
The Accounting Standard for Fair Value Measurement and related standards were applied from the beginning of the first quarter of the fiscal year ending September 2022, and the new accounting policies were applied prospectively. There was no impact on the quarterly consolidated financial statements. - 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.」
The Accounting Standard for Disclosure of Accounting Estimates was applied from the fiscal year-end of the fiscal year ending September 2021, and material estimates relating to real estate held for sale, impairment of fixed assets and unlisted securities were disclosed in the notes. - FY2020First statedAnnual report
「The Accounting Standard for Fair Value Measurement and related standards will be applied from the beginning of the fiscal year ending September 2022. The Accounting Standard for Disclosure of Accounting Estimates and the Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Error Corrections will be applied from the fiscal year-end of the fiscal year ending September 2021.」
In addition to the revenue recognition standard, the company disclosed the scheduled adoption dates for new standards on fair value measurement, disclosure of accounting estimates and disclosure of accounting policies, as well as its preparations for their application.