Preparation for New Accounting Standards
First written in FY2020. 3 of 9 entries say "Advanced", first in FY2023. Latest entry: FY2025.
44 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「Revisions to the “Accounting Standard for Leases” and the “Implementation Guidance on Accounting Standard for Leases,” as well as related accounting standards, implementation guidance, accounting standards implementation reports and practical response reports. Adoption date: Scheduled to be applied from the beginning of the fiscal year ending March 2028. The impact is being evaluated as of the preparation of the current consolidated financial statements.」
Regarding the new lease accounting standard, the company disclosed that it plans to apply it from the beginning of the fiscal year ending March 2028 and is evaluating the impact. - FY2024AdvancedAnnual report
「・“Accounting Standard for Current Income Taxes, Deferred Income Taxes and Business Taxes, etc.” ・“Accounting Standard for Presentation of Comprehensive Income” ・“Implementation Guidance on Accounting Standard for Tax Effect Accounting” Adoption date: Scheduled to be applied from the beginning of the fiscal year ending March 2025. The impact is being evaluated as of the preparation of the current consolidated financial statements.」
Following adoption of the revenue recognition and fair value measurement standards, the company disclosed preparations for and impact assessments of new standards concerning income taxes, presentation of comprehensive income and tax-effect accounting, scheduled for adoption from the fiscal year ending March 2025. - FY2023AdvancedAnnual report
「The “Accounting Treatment and Disclosure of Issuance and Holding of Electronic Record Transfer Rights to Be Indicated on Securities, etc.” is scheduled to be applied from the beginning of the fiscal year ending March 2024. The impact is being evaluated as of the preparation of the current consolidated financial statements.」
Following adoption of the revenue recognition and fair value measurement standards, the company also disclosed the planned adoption dates and impact assessments for new accounting standards scheduled for the fiscal years ending March 2024 and March 2025. - FY2023-Q1AchievedAnnual report
「The “Implementation Guidance on Accounting Standard for Fair Value Measurement” (ASBJ Guidance No. 31, 17 June 2021, hereinafter the “Fair Value Measurement Accounting Guidance”) was applied from the beginning of the first quarter of the current consolidated accounting period, and the new accounting policies prescribed by the guidance are being applied prospectively. This had no impact on the quarterly consolidated financial statements.」
The Fair Value Measurement Accounting Guidance was applied from the beginning of the first quarter of the consolidated accounting period, and the company disclosed that it had no impact on the financial statements. - FY2022Full-year impact updatedAnnual report
「As a result, compared with before the application of the revenue recognition accounting standards and other standards, the consolidated income statement for the current fiscal year shows increases of ¥15,080 thousand in revenue and ¥16,381 thousand in cost of sales, while operating income, ordinary income and profit before income taxes decreased by ¥1,301 thousand each.」
Regarding the revenue recognition accounting standard applied from the beginning of the 53rd fiscal year, the company disclosed its full-year impact on revenue, cost of sales and profit. - FY2022-Q3Updated the impact of applicationAnnual report
「As a result, for the cumulative third quarter, revenue increased by ¥233,504 thousand, cost of sales increased by ¥107,429 thousand, and operating income, ordinary income and profit before income taxes increased by ¥126,074 thousand each. The opening balance of retained earnings for the current fiscal year also decreased by ¥49,431 thousand.」
Regarding the revenue recognition accounting standard applied from the first quarter, the company disclosed an impact of ¥233,504 thousand on revenue and ¥126,074 thousand on operating income and other items for the cumulative third quarter. - FY2022-Q2Updated the impact of applicationAnnual report
「The revenue recognition accounting standards and other standards were applied from the beginning of the first quarter of the consolidated 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. As a result, for the cumulative second quarter, revenue increased by ¥115,223 thousand, cost of sales increased by ¥50,121 thousand, and operating income, ordinary income and profit before income taxes increased by ¥65,101 thousand each.」
Regarding the revenue recognition accounting standard applied from the first quarter, the company disclosed an impact of ¥115,223 thousand on revenue and ¥65,101 thousand on operating income and other items for the cumulative second quarter. - FY2022-Q1AchievedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards 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 transfers to the customer.」
The revenue recognition accounting standard, which had been scheduled for adoption from the fiscal year ending March 2022, was actually applied from the beginning of the first quarter. As a result, revenue and operating income, among other items, increased by ¥118,373 thousand and ¥24,136 thousand, respectively, while the opening balance of retained earnings decreased by ¥49,431 thousand. - FY2020First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is being evaluated as the consolidated financial statements are prepared.」
The company planned to apply accounting standards for revenue recognition, fair value measurement, inventories and financial instruments from the fiscal year ending March 2022 and other periods, and was evaluating the impact.