Adoption of the revenue-recognition and fair-value measurement accounting standards
First written in FY2022-Q1. 2 of 7 entries say "Restated". Latest entry: FY2023-Q3.
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- FY2023-Q3RestatedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement was applied from the beginning of the first quarter of the current consolidated fiscal year. There was no impact on the quarterly consolidated financial statements.」
The application of the Implementation Guidance on the Accounting Standard for Fair Value Measurement and the absence of any impact on the quarterly consolidated financial statements continue to be confirmed. - FY2023-Q2RestatedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement was applied from the beginning of the first quarter of the current consolidated fiscal year. There was no impact on the quarterly consolidated financial statements.」
The application of the Implementation Guidance on the Accounting Standard for Fair Value Measurement and the absence of any impact on the financial statements were confirmed again in the current quarter. - FY2023-Q1Application of the Implementation Guidance on Fair Value Measurement; no impactAnnual report
「From the beginning of the current cumulative first quarter, we applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, the “Implementation Guidance”) and will apply the new accounting policies prescribed by the Implementation Guidance prospectively in accordance with the transitional treatment specified in Paragraph 27-2. There was no impact on the quarterly consolidated financial statements.」
It was stated that the Implementation Guidance on Fair Value Measurement was applied from the current quarter, with no impact on the quarterly consolidated financial statements. - FY2022Finalization of the full-year impact of applying the accounting standardsAnnual report
「As a result, net sales for the current consolidated fiscal year decreased by ¥1,254.997 million, cost of sales decreased by ¥1,067.387 million, and operating profit, ordinary profit and net income before income taxes each decreased by ¥187.609 million.」
The full-year impact of applying the Accounting Standard for Revenue Recognition was reported as a ¥1,254.997 million decrease in net sales and a ¥187.609 million decrease in operating profit and related items. It was stated that there was no impact on the beginning balance of retained earnings. - FY2022-Q3Update of the quantified impact of applying the accounting standardsAnnual report
「As a result, net sales for the nine months ended the third quarter of the current consolidated fiscal year decreased by ¥708.595 million, cost of sales decreased by ¥634.462 million, and operating profit, ordinary profit and quarterly net income before income taxes each decreased by ¥74.132 million. There was no impact on the beginning balance of retained earnings.」
For the Accounting Standard for Revenue Recognition applied from the first quarter, the cumulative nine-month impact was reported as a ¥708.595 million decrease in net sales and a ¥74.132 million decrease in operating profit and related items. It was stated that there was no impact on the beginning balance of retained earnings. - FY2022-Q2Quantification of the impact of applying the accounting standardsAnnual report
「As a result, net sales for the six months ended the second quarter of the current consolidated fiscal year decreased by ¥606.072 million, cost of sales decreased by ¥547.950 million, and operating profit, ordinary profit and quarterly net income before income taxes each decreased by ¥58.121 million. There was no impact on the beginning balance of retained earnings.」
For the Accounting Standard for Revenue Recognition applied from the first quarter, the cumulative six-month impact was quantified as a ¥606.072 million decrease in net sales and a ¥58.121 million decrease in operating profit and related items. It was stated that applying the fair value measurement standard had no impact on the financial statements. - FY2022-Q1First statedAnnual 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 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 Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019) and other standards were also applied from the beginning of the first quarter of the current consolidated fiscal year, with the new accounting policies prescribed by the fair value measurement standards and related guidance applied prospectively.」
The Accounting Standard for Revenue Recognition and the Accounting Standard for Fair Value Measurement and related standards were applied from the first quarter. The revenue recognition method was changed from the previous method, which generally recognized revenue upon shipment of products, to a method recognizing revenue when the customer obtains control of the products. As a result, quarterly net sales decreased by ¥49.172 million, while operating profit, ordinary profit and quarterly net income before income taxes each decreased by ¥4.880 million. It was stated that applying the fair value measurement standard had no impact on the financial statements.