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Nichia Steel Works (5658) · PolicyRestated

Application of the Accounting Standard for Fair Value Measurement

First written in FY2022-Q1. 2 of 5 entries say "Restated". Latest entry: FY2023-Q3.

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ProgressHeldSoftenedWorseFirst statedFY2022-Q1AdvancedFY2022 – FY2023-Q1RestatedFY2023-Q2 – FY2023-Q32021: 120212022: 320222023: 12023
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  1. FY2023-Q3RestatedAnnual report

    「The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Guidance”) is being applied 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, the new accounting policy prescribed by the Fair Value Measurement Guidance is being applied prospectively. This has no impact on the quarterly consolidated financial statements.」

    The Implementation Guidance on Accounting Standard for Fair Value Measurement continues to be applied from the beginning of the first quarter of the consolidated fiscal year, with the accounting policy stating that there is no impact on the financial statements remaining in effect.
  2. FY2023-Q2RestatedAnnual report

    「The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Guidance”) is being applied 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, the new accounting policy prescribed by the Fair Value Measurement Guidance is being applied prospectively. This has no impact on the quarterly consolidated financial statements.」

    The Implementation Guidance on Accounting Standard for Fair Value Measurement is being applied from the beginning of the first quarter of the consolidated fiscal year, and the accounting policy stating that there is no impact on the financial statements continues to be presented.
  3. FY2023-Q1AchievedAnnual report

    「The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Guidance”) is being applied 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 Guidance, the new accounting policy prescribed by the Fair Value Measurement Guidance is being applied prospectively. This has no impact on the quarterly consolidated financial statements.」

    The Implementation Guidance on Accounting Standard for Fair Value Measurement, which had been scheduled for application from the beginning of the fiscal year ending March 2023 through the end of the previous fiscal year, was actually applied from the beginning of the first quarter of the current consolidated fiscal year.
  4. FY2022AdvancedAnnual report

    「The notes on financial instruments also provide disclosures on matters including the breakdown of the fair value of financial instruments by level.」

    Following the application of the accounting standard for fair value measurement, fair values for shares, bonds and long-term borrowings were disclosed by level from Level 1 to Level 3. Certain provisions of the implementation guidance on fair value measurement are also scheduled to be applied from the beginning of the fiscal year ending March 2023.
  5. FY2022-Q1First statedAnnual report

    「The Company has applied the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019) and related 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 Accounting Standard for Fair Value Measurement and paragraph 44-2 of the Accounting Standard for Financial Instruments (ASBJ Statement No. 10, 4 July 2019), the new accounting policies prescribed by these standards will be applied prospectively. The impact on the quarterly consolidated financial statements is immaterial.」

    It was disclosed for the first time that the accounting standards for fair value measurement and related standards had been applied from the beginning of the first quarter of the current consolidated fiscal year, with the new accounting policy applied prospectively in accordance with the transitional treatment. It was stated that this had no impact on the financial statements.
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"Loss due to increased sales volumes of rivet, screw and wire products and depreciation expenses" moved the same way as this thread, in the same document, in 2 of its 5 moves.

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  2. 1Loss due to increased sales volumes of rivet, screw and wire products and depreciation expenses2×
  3. 2Foreign Exchange Loss Due to Yen Appreciation2×
  4. 3Scale and Continuity of R&D Activities2×

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Application of the Accounting Standard for Fair Value Measurement | NICHIA STEEL WORKS,LTD. (5658) | Komori