Preparing to Adopt New Accounting Standards for Revenue Recognition and Fair Value Measurement
First written in FY2020. 4 of 7 entries say "Restated". Latest entry: FY2025.
44 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「“Accounting Standard for Leases” (ASBJ Statement No. 34, 13 September 2024)”“Scheduled date of adoption The standard is scheduled to be adopted from the beginning of the fiscal year ending June 2028.”“Impact of adoption of the accounting standard The impact on the consolidated financial statements is currently under assessment.”」
The company newly disclosed its planned adoption of the lease accounting standards and related standards, scheduled to begin at the start of the fiscal year ending June 2028, with the impact still under assessment. - FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the consolidated fiscal year. Revenue is now 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.」
The adoption of the Accounting Standard for Revenue Recognition and related standards from the beginning of the current consolidated fiscal year continues. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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.」
Accounting treatment following the adoption of the Accounting Standard for Revenue Recognition continued in the third quarter. The adoption had no impact on profit or loss or retained earnings at the beginning of the period for the cumulative current quarter. - FY2022-Q1AchievedAnnual report
「“We adopted the Accounting Standard for Revenue Recognition … from the beginning of the first quarter of the current consolidated fiscal year and now recognize revenue 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.” “We adopted the Accounting Standard for Fair Value Measurement and related standards from the beginning of the first quarter of the current consolidated fiscal year … and there was no impact on the quarterly consolidated financial statements for the cumulative first quarter.”」
The Accounting Standard for Revenue Recognition and the Accounting Standard for Fair Value Measurement and related standards were adopted from the beginning of the first quarter of the current fiscal year. The adoption had no impact on profit or loss or retained earnings for the current quarter. - FY2021RestatedAnnual report
「“Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020)”“(2) Scheduled date of adoption The standard is scheduled to be adopted from the beginning of the fiscal year ending July 2022.”“(3) Impact of adoption of the accounting standard The impact is being assessed as of the preparation of these consolidated financial statements.”」
For the new accounting standards relating to revenue recognition, fair value measurement and financial instruments, the company continues to plan to adopt them from the beginning of the fiscal year ending July 2022, with the impact still under assessment. - FY2021-Q3RestatedAnnual report
「With respect to the transition to the group tax sharing system established under the “Act Partially Amending the Income Tax Act and Other Acts” (Act No. 8 of 2020), and items for which the standalone tax payment system was revised in connection with that transition, the amounts of deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment, without applying the provisions of paragraph 44 of the “Implementation Guidance on Tax Effect Accounting” (ASBJ Guidance No. 28, 16 February 2018), in accordance with paragraph 3 of the “Practical Solution on the Accounting and Disclosure under the Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System” (ASBJ PITF No. 39, 31 March 2020).」
For tax effect accounting associated with the transition to the group tax sharing system, the practice of calculating deferred tax assets and liabilities based on the tax laws before amendment continues. - FY2020First statedAnnual report
「“Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020)”“(2) Scheduled date of adoption The standard is scheduled to be adopted from the beginning of the fiscal year ending July 2022.”“(3) Impact of adoption of the accounting standard The impact is being assessed as of the preparation of these consolidated financial statements.”」
The Accounting Standard for Revenue Recognition and related standards are scheduled to be adopted from the beginning of the fiscal year ending July 2022, with the impact still under assessment. The scheduled adoption timing for several new standards relating to fair value measurement, financial instruments, and the disclosure of accounting policies and accounting estimates is also provided.