Preparation for the Future Adoption of Fair Value Measurement Accounting Standards
First written in FY2021. 2 of 3 entries say "Achieved", first in FY2022-Q2. Latest entry: FY2023-Q1.
- FY2023-Q1AchievedAnnual report
「We applied the Guidance on the Application of the Accounting Standard for Fair Value Measurement (Accounting Standard Application Guidance No. 31, 17 June 2021; hereinafter, the "Fair Value Measurement Guidance") from the beginning of the first quarter of the consolidated fiscal year. In accordance with the transitional treatment prescribed in Paragraph 27-2 of the Fair Value Measurement Guidance, we decided to apply the new accounting policies prescribed by the Fair Value Measurement Guidance prospectively. The application has no impact on the quarterly consolidated financial statements.」
The 2021 revisions to the Fair Value Measurement Guidance, which had been scheduled for adoption from the beginning of the fiscal year ending August 2023, were applied from the beginning of the first quarter of the current fiscal year. It was stated that the application had no impact on the financial statements. - FY2022-Q2AchievedAnnual report
「We applied the Accounting Standard for Fair Value Measurement (Accounting Standard No. 30, 4 July 2019; hereinafter, the "Fair Value Measurement Standard") and other standards from the beginning of the first quarter of the consolidated fiscal year. In accordance with the transitional treatment prescribed in Paragraph 19 of the Fair Value Measurement Standard and Paragraph 44-2 of the Accounting Standard for Financial Instruments (Accounting Standard No. 10, 4 July 2019), we decided to apply the new accounting policies prescribed by the Fair Value Measurement Standard and other standards prospectively. The application of the Fair Value Measurement Standard has no impact on the quarterly consolidated financial statements.」
The Fair Value Measurement Standard and related standards, which had been scheduled for adoption from the beginning of the fiscal year ending August 2022, were applied from the beginning of the first quarter of the consolidated fiscal year. It was stated that the application had no impact on the quarterly consolidated financial statements. - FY2021First statedAnnual report
「We will apply it from the beginning of the fiscal year ending August 2022. The Guidance on the Application of the Accounting Standard for Fair Value Measurement (revised in 2021) will be applied from the beginning of the fiscal year ending August 2023.」
The planned adoption dates for the accounting standard for fair value measurement and related guidance, from the fiscal years ending August 2022 and August 2023, respectively, were disclosed.