Preparation for the Adoption of New Accounting Standards
First written in FY2020. 3 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2025-H1.
76 other companies' latest entry also says "Achieved".
- FY2025-H1AchievedAnnual report
「The Accounting Standard for Current Income Taxes and Business Taxes, etc. (Accounting Standard No. 27, 28 October 2022) and related standards have been applied from the beginning of the current interim consolidated accounting period.」
The company applied the accounting standards for income taxes and related standards, which had been in preparation, from the beginning of the current interim consolidated accounting period. It states that the change in accounting policy had no impact on the interim consolidated financial statements. - FY2023-Q1AchievedAnnual report
「We applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (Accounting Standards Board of Japan Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Guidance”) from the beginning of the first quarter of the current consolidated fiscal period. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, we will apply prospectively the new accounting policy prescribed in the Fair Value Measurement Guidance. There is no impact on the quarterly consolidated financial statements.」
The company applied the implementation guidance for the accounting standard on fair value measurement, which had been in preparation, from the beginning of the first quarter. It states that there was no impact on the financial statements. - FY2022-Q2RestatedAnnual report
「As a result, operating revenue decreased by ¥71,541 million, operating costs decreased by ¥68,528 million and selling, general and administrative expenses decreased by ¥3,012 million in the cumulative second quarter, but there was no impact on operating income, ordinary income, quarterly profit before income taxes or quarterly profit attributable to owners of the parent.」
The company confirmed again in the second quarter that, although the amounts presented for operating revenue and other items decreased following application of the revenue recognition accounting standard from the first quarter, there was no impact on operating income or other profit measures. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other standards were applied from the beginning of the first quarter of the current fiscal year, and revenue is recognized when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. As a result, operating revenue decreased by ¥38,000 million, operating costs decreased by ¥36,521 million and selling, general and administrative expenses decreased by ¥1,478 million in the cumulative first quarter, but there was no impact on operating income, ordinary income, quarterly profit before income taxes or quarterly profit attributable to owners of the parent.」
The company applied the revenue recognition accounting standard, which had been in preparation, from 1 October 2021. It adopted net presentation for agent transactions, deducted consideration paid to customers and changed the presentation of logistics outsourcing operations. Although the amounts presented for operating revenue and other items changed, there was no impact on profit. - FY2020First statedAnnual report
「The Accounting Standard for Revenue Recognition and other standards will be applied from the beginning of the fiscal year ending September 2022. The Accounting Standard for Disclosure of Accounting Estimates and the Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Errors will be applied from the fiscal year-end of the fiscal year ending September 2021.」
The company disclosed plans to apply the standards on revenue recognition and fair value measurement from the fiscal year ending September 2022, and the standards on accounting estimates and disclosure of accounting policies from the end of the fiscal year ending September 2021.