Application of the Accounting Estimates Disclosure Standard
First written in FY2021. 1 of 2 entries say "Advanced", first in FY2023. Latest entry: FY2023.
2 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「The Group carries shares of affiliates at cost as their carrying amount in the consolidated balance sheet because they are shares without a quoted market price. If the fair value of these shares declines significantly due to deterioration in the affiliate's financial condition or insolvency, the Group may recognize an impairment loss unless the possibility of recovery is supported by sufficient evidence, which may affect the Group's performance and financial position.」
The valuation of shares of affiliates was added to the disclosure requirements for significant accounting estimates, and the possibility of recognizing an impairment loss was disclosed specifically. - FY2021First statedAnnual report
「We have applied the Accounting Standard for Disclosure of Accounting Estimates (Accounting Standard No. 31, 31 March 2020) to the consolidated financial statements for the fiscal year-end under review and have included notes on significant accounting estimates.」
Beginning with the consolidated financial statements for the year-end, the company newly applied the notes on significant accounting estimates and disclosed deferred tax assets and the allowance for doubtful accounts as significant estimates.