Adoption of Revenue Recognition and Fair Value Measurement Accounting Standards
First written in FY2022-Q1. 5 of 6 entries say "Restated". Latest entry: FY2023-Q3.
- FY2023-Q3RestatedAnnual report
「The Company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the "Fair Value Measurement Guidance") from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, the Company will apply the new accounting policies prescribed by the guidance prospectively. This has no impact on the quarterly consolidated financial statements.」
The company continues to apply the Fair Value Measurement Accounting Standard Implementation Guidance and stated that there was no impact on the quarterly consolidated financial statements. - FY2023-Q2RestatedAnnual report
「The Company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the "Fair Value Measurement Guidance") from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, the Company will apply the new accounting policies prescribed by the guidance prospectively. This has no impact on the quarterly consolidated financial statements.」
The company continues to apply the Fair Value Measurement Accounting Standard Implementation Guidance and stated that there was no impact on the quarterly consolidated financial statements. - FY2023-Q1RestatedAnnual report
「The Company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the "Fair Value Measurement Guidance") from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, the Company will apply the new accounting policies prescribed by the guidance prospectively. This has no impact on the quarterly consolidated financial statements.」
It states that the Implementation Guidance on Accounting Standard for Fair Value Measurement was applied from the beginning of the current quarter and that applying the accounting policy had no impact on the financial statements. - FY2022-Q3RestatedAnnual report
「The impact of applying the revenue recognition standards and related guidance on operating revenue, operating income, ordinary income, quarterly net income before income taxes and other adjustments, and retained earnings at the beginning of the period for the nine months ended the third quarter of the current fiscal year was immaterial.」
It states that the revenue recognition standards and related guidance continued to be applied and that their impact on key profit measures and other items for the nine months ended the third quarter of the current fiscal year was immaterial. - FY2022-Q2RestatedAnnual report
「The impact of applying the revenue recognition standards and related guidance on operating revenue, operating income, ordinary income, quarterly net income before income taxes and other adjustments, and retained earnings at the beginning of the period for the six months ended the second quarter of the current fiscal year was immaterial.」
It states that the revenue recognition standards and related guidance continued to be applied and that their impact on key profit measures and other items for the six months ended the second quarter of the current fiscal year was immaterial. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and other standards were applied from the beginning of the first quarter of the current fiscal year. 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, for contracts with customers in the import and export cargo handling business, revenue was previously recognized when goods were shipped or received, but the method has been changed to recognize revenue over a period of time as performance obligations are satisfied. In addition, the Accounting Standard for Fair Value Measurement and other standards were applied from the beginning of the first quarter of the current fiscal year, and the new accounting policies prescribed by the fair value measurement standards and related guidance will be applied prospectively.」
The revenue recognition standards and related guidance, as well as the fair value measurement standards and related guidance, were applied from the beginning of the first quarter of the current fiscal year, and the accounting policies for revenue recognition in the import and export cargo handling business and fair value measurement were changed.