Adoption of New Accounting Standards for Revenue Recognition and Fair Value Measurement
First written in FY2022-Q2. 5 of 7 entries say "Restated". Latest entry: FY2026.
126 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Lease Accounting Standard and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2028.」
The company reaffirmed its policy of applying the Accounting Standard for Leases and related standards from the fiscal year ending March 2028, and stated that it continues to assess the amount of the impact. - FY2025First statedAnnual report
「The Lease Accounting Standard and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2028.」
The company stated for the first time that it plans to apply the new accounting standard for leases and related standards from the beginning of the fiscal year ending March 2028, and that the amount of the impact is currently being assessed. - FY2023-Q3RestatedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; the “Fair Value Measurement Implementation Guidance”) was applied from the beginning of the first quarter accounting period. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Implementation Guidance, the new accounting policies prescribed by the guidance will be applied prospectively. The guidance had no impact on the financial statements.」
The company continued applying the Fair Value Measurement Implementation Guidance and states that it had no impact on the financial statements. - FY2023-Q1RestatedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; the “Fair Value Measurement Implementation Guidance”) was applied from the beginning of the first quarter accounting period. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Implementation Guidance, the new accounting policies prescribed by the guidance will be applied prospectively. The guidance had no impact on the financial statements.」
The Fair Value Measurement Implementation Guidance was applied from the beginning of the first quarter accounting period, and the company states that it had no impact on the financial statements. - FY2022RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards have been applied from the beginning of the 23rd fiscal year. Accordingly, the key management indicators and other figures for the 23rd fiscal year reflect application of those standards.」
The company continued applying the Revenue Recognition Standard and Fair Value Measurement Standard and disclosed financial information for the fiscal year under the post-application standards. - FY2022-Q3RestatedAnnual report
「As a result, there was no impact on profit or loss for the nine-month period. There was also no impact on the opening balance of retained earnings for the current fiscal year. These changes had no impact on the quarterly financial statements for the nine-month period.」
The company continued applying the Revenue Recognition Standard and Fair Value Measurement Standard and confirmed that they had no impact on profit or loss or the financial statements for the nine-month period. - FY2022-Q2First statedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and the Implementation Guidance on the Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, 26 March 2021) (collectively, the “Revenue Recognition Standards”) from the beginning of the first quarter accounting period. 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. The company also applied the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019; the “Fair Value Measurement Standard”) and related standards from the beginning of the first quarter accounting period. In accordance with the transitional treatment prescribed in paragraph 19 of the Fair Value Measurement 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 Standard and related standards will be applied prospectively.」
The Revenue Recognition Standard and Fair Value Measurement Standard were applied from 1 April 2021. The company states that they had no impact on profit or loss for the six-month period or on the quarterly financial statements.