Kansai Paint (4613) · InitiativeAchieved
Scheduled Adoption of Fair Value Measurement Accounting Standards from the Fiscal Year Ending March 2022
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
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- FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, 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 under 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 the standard prospectively.」
The accounting standards for fair value measurement and other standards scheduled for application from the beginning of the fiscal year ending March 2022 were applied from the beginning of the first quarter of the fiscal year. There was no impact on the quarterly consolidated financial statements. - FY2021First statedAnnual report
「The accounting standards, including the Accounting Standard for Fair Value Measurement, will be applied from the beginning of the fiscal year ending March 2022.」
The company planned to apply the accounting standards for fair value measurement and fair value disclosures for financial instruments from the beginning of the fiscal year ending March 2022, and stated that it was assessing the impact.