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Shin-Etsu Chemical (4063) · PolicyAchieved

Application of Revised Practical Solution Reports on Accounting Treatment at Overseas Subsidiaries and Other Entities

First written in FY2020-Q1. 2 of 4 entries say "Restated". Latest entry: FY2020.

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ProgressHeldSoftenedWorseRestatedFY2020-Q1 – FY2020-Q32019: 220192020: 22020
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  1. FY2020AchievedAnnual report

    「Revised Practical Response Report No. 18, Interim Treatment of Accounting by Overseas Subsidiaries and Other Entities in Preparing Consolidated Financial Statements, and Revised Practical Response Report No. 24, Interim Treatment of Accounting by Associates Accounted for Using the Equity Method, have been applied from the current consolidated fiscal year. The impact of applying these revised Practical Response Reports on the consolidated financial statements is immaterial.」

    The application of Revised Practical Response Reports No. 18 and No. 24 began in the FY2020 consolidated fiscal year. Their impact on the consolidated financial statements was described as immaterial.
  2. FY2020-Q3RestatedAnnual report

    「Revised Practical Response Report No. 18, Interim Treatment of Accounting by Overseas Subsidiaries and Other Entities in Preparing Consolidated Financial Statements (28 June 2019), and Revised Practical Response Report No. 24, Interim Treatment of Accounting by Associates Accounted for Using the Equity Method (14 September 2018), have been applied from the beginning of the first quarter of the consolidated fiscal year. The impact of applying these revised Practical Response Reports on the quarterly consolidated financial statements is immaterial.」

    The application of Revised Practical Response Reports No. 18 and No. 24 from the first quarter and their immaterial impact continue to be disclosed.
  3. FY2020-Q2RestatedAnnual report

    「Revised Practical Response Report No. 18, Interim Treatment of Accounting by Overseas Subsidiaries and Other Entities in Preparing Consolidated Financial Statements (28 June 2019), and Revised Practical Response Report No. 24, Interim Treatment of Accounting by Associates Accounted for Using the Equity Method (14 September 2018), have been applied from the beginning of the first quarter of the consolidated fiscal year. The impact of applying these revised Practical Response Reports on the quarterly consolidated financial statements is immaterial.」

    The application of Revised Practical Response Reports No. 18 and No. 24 from the first quarter and their immaterial impact continue to be disclosed.
  4. FY2020-Q1First statedAnnual report

    「Revised Practical Response Report No. 18, Interim Treatment of Accounting by Overseas Subsidiaries and Other Entities in Preparing Consolidated Financial Statements (28 June 2019), and Revised Practical Response Report No. 24, Interim Treatment of Accounting by Associates Accounted for Using the Equity Method (14 September 2018), have been applied from the beginning of the current first quarter of the consolidated fiscal year. The impact of applying these revised Practical Response Reports on the quarterly consolidated financial statements is immaterial.」

    This is the first disclosure that Revised Practical Response Reports No. 18 and No. 24 were applied from the beginning of the current first quarter of the consolidated fiscal year.
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Application of Revised Practical Solution Reports on Accounting Treatment at Overseas Subsidiaries and Other Entities | Shin-Etsu Chemical Co.,Ltd. (4063) | Komori