Preparation for the Adoption of New Standards on Fair Value Measurement, Accounting Policy Disclosure, and Disclosure of Accounting Estimates
First written in FY2020. 3 of 6 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
12 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The Accounting Standard for Leases (ASBJ Statement No. 34, 13 September 2024), the Implementation Guidance on Accounting Standard for Leases and other standards are scheduled to be applied from the beginning of the fiscal year ending July 2028.」
The company states that the new lease accounting standards and related standards are scheduled to be applied from the beginning of the fiscal year ending July 2028, with the amount of the impact still under assessment. - FY2023-Q3RestatedAnnual report
「The company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the "Fair Value Measurement Implementation Guidance") 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 Implementation Guidance, the company will apply prospectively the new accounting policies prescribed in the Fair Value Measurement Implementation Guidance. This had no impact on the quarterly consolidated financial statements.」
The company continues to state that applying the Fair Value Measurement Implementation Guidance from the beginning of the first quarter of the consolidated fiscal year has had no impact on the financial statements. - FY2023-Q1AdvancedAnnual report
「The company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021, hereinafter the "Fair Value Measurement Implementation Guidance") 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 Implementation Guidance, the company will apply prospectively the new accounting policies prescribed in the Fair Value Measurement Implementation Guidance. This had no impact on the quarterly consolidated financial statements.」
The Company adopted the implementation guidance for the fair value measurement accounting standard that had been scheduled for adoption from the beginning of the first quarter of the current fiscal year. It states that there was no impact on the financial statements. - FY2022-Q3RestatedAnnual report
「From the beginning of the first quarter consolidated accounting period, we adopted the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019) and related standards. In accordance with the transitional treatment set out in paragraph 19 of the standard and paragraph 44-2 of the Accounting Standard for Financial Instruments, we will apply the new accounting policies prescribed by these standards prospectively. There is no impact on the quarterly consolidated financial statements.」
The company has applied the fair value measurement accounting standards and related standards from the beginning of the first quarter and has reconfirmed that they have no impact on the financial statements. - FY2022-Q1AdvancedAnnual report
「The Group adopted the “Accounting Standard for Fair Value Measurement” (ASBJ Statement No. 30, 4 July 2019) and other relevant standards from the beginning of the first quarter of the current fiscal year and will apply the new accounting policies prescribed by these standards prospectively in accordance with the transitional treatment set out 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 company began applying the Accounting Standards for Fair Value Measurement and related standards, which had been scheduled for application from the beginning of the fiscal year ending July 2022. It states that there was no impact on the quarterly consolidated financial statements. - FY2020First statedAnnual report
「2. Accounting Standards for Fair Value Measurement (2) Scheduled application date Scheduled to be applied from the beginning of the fiscal year ending July 2022. 3. Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Errors (2) Scheduled application date Scheduled to be applied from the end of the fiscal year ending July 2021. 4. Accounting Standard for Disclosure of Accounting Estimates (2) Scheduled application date Scheduled to be applied from the end of the fiscal year ending July 2021.」
The company states that the new standards concerning fair value measurement, disclosure of accounting policies and disclosure of accounting estimates are scheduled to be applied from the end of the fiscal year ending July 2021 or the beginning of the fiscal year ending July 2022.