Risk of Changes in Accounting Standards and Tax Systems Affecting Business Performance
First written in FY2016. 9 of 16 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 2 of 13 companies on the "Worse" side.
22 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Accounting Standard for Leases and related standards will be applied from the beginning of the fiscal year ending March 2028. The impact on the consolidated financial statements from applying these accounting standards and related standards is currently under assessment.」
The company has disclosed that the new lease accounting standard is scheduled to be applied from the fiscal year ending March 2028 and that its impact is under assessment. - FY2023RestatedAnnual report
「The Accounting Standard for Accounting for Current Income Taxes and Related Taxes and related standards will be applied from the beginning of the fiscal year ending March 2025. The impact on the consolidated financial statements from applying these accounting standards and related standards is currently under assessment.」
The company has newly disclosed the risk of impacts from changes in accounting standards and tax rules, stating that the standard scheduled to be applied from the fiscal year ending March 2025 is under impact assessment. - FY2023-Q3RestatedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Accounting Standard Implementation Guidance”) has been applied 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 Accounting Standard Implementation Guidance, the new accounting policies prescribed by the guidance have been applied prospectively. The change in accounting policies has no impact on the quarterly consolidated financial statements.」
The company reconfirmed its explanation that, although it applied the Fair Value Measurement Accounting Standard Implementation Guidance from the beginning of the current fiscal year, there was no impact on the quarterly consolidated financial statements. - FY2023-Q2MitigatedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Accounting Standard Implementation Guidance”) has been applied 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 Accounting Standard Implementation Guidance, the new accounting policies prescribed by the guidance have been applied prospectively. The change in accounting policies has no impact on the quarterly consolidated financial statements.」
The company applied the Fair Value Measurement Accounting Standard Implementation Guidance from the beginning of the current fiscal year, but explained that there was no impact on the quarterly consolidated financial statements. - FY2022MitigatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards have been applied from the beginning of the current consolidated 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. The change in accounting policies has no impact on the consolidated financial statements.」
The company has applied the revenue recognition accounting standard and completed its assessment that there is no impact on the consolidated financial statements. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the first quarter of the current consolidated 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. The change in accounting policies has no impact on the quarterly consolidated financial statements.」
The company has applied the revenue recognition accounting standard and reconfirmed its assessment that there is no impact on the quarterly consolidated financial statements. - FY2022-Q1MitigatedAnnual 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 have been applied from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed 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 have been applied prospectively. The change in accounting policies has no impact on the quarterly consolidated financial statements.」
The company applied the Fair Value Measurement Accounting Standard and related standards from the beginning of the first quarter of the current consolidated fiscal year, but explained that there was no impact on the quarterly consolidated financial statements. - FY2021MitigatedAnnual report
「The standard will be applied from the beginning of the fiscal year ending March 2022. There is no impact on the consolidated financial statements from applying the Accounting Standard for Revenue Recognition and related standards.」
The company has specified the timing for applying the revenue recognition accounting standard and completed its assessment that there is no impact on the consolidated financial statements. - FY2020RestatedAnnual report
「The amount of the impact on the consolidated financial statements from applying the Accounting Standard for Revenue Recognition and related guidance is currently under assessment.」
The revenue recognition accounting standard is scheduled to be applied from the beginning of the fiscal year ending March 2022, and its impact remains under assessment. - FY2019RestatedAnnual report
「The amount of the impact on the consolidated financial statements from applying the Accounting Standard for Revenue Recognition and related guidance is currently under assessment.」
The company continues to disclose the risk of changes in accounting standards, stating that the application date for the new revenue recognition accounting standard has not been determined and that its impact is under assessment. - FY2019-Q3RestatedAnnual report
「The Company has applied the “Partial Amendments to the Accounting Standard for Tax Effect Accounting” and other standards from the beginning of the first quarter of the consolidated fiscal year, and presents deferred tax assets under investments and other assets.」
This third-quarter report reconfirms that the amendments to the tax-effect accounting standards, which were identified in the prior fiscal year as being under impact assessment, have been applied. - FY2019-Q1MaterialisedAnnual report
「We have applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the fiscal year, and present deferred tax assets under investments and other assets.」
The amendment to the tax-effect accounting standards, whose impact had been under assessment in the previous fiscal year, was actually applied from the beginning of the first-quarter consolidated accounting period. - FY2018RestatedAnnual report
「The amount of the impact on the consolidated financial statements from applying the Guidance on Accounting Standards for Tax Effect Accounting and other standards is currently under assessment.」
Regarding the risk of impacts from changes in accounting standards and tax laws, it discloses that the new tax-effect accounting standards were scheduled to be applied for the fiscal year ending March 2019 and that the impact was under assessment. - FY2017-Q2RestatedAnnual report
「Following an amendment to the Corporation Tax Act, the Company applied the Practical Solution on Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Response Report No. 32, 17 June 2016) in the first-quarter consolidated accounting period, changing the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. The impact on profit and loss was immaterial.」
The second-quarter report continues to state that the change in depreciation method resulting from the tax reform had an immaterial impact on profit and loss. - FY2017-Q1MaterialisedAnnual report
「Following an amendment to the Corporation Tax Act, the Company applied the Practical Solution on Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Response Report No. 32, 17 June 2016) in the first-quarter consolidated accounting period, changing the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. The impact on profit and loss was immaterial.」
The accounting treatment change resulting from the tax reform was actually applied. The impact on profit and loss was described as immaterial. - FY2016First statedAnnual report
「If unexpected new accounting rules or tax laws are introduced or existing ones are changed, the Group's operating performance or financial position could be adversely affected.」
It identifies changes in accounting rules and tax laws, as well as differences of opinion with the tax authorities, as financial risks.