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Nihon Seiko (5729) · InitiativeRestated

Adoption of the Fair Value Measurement and Financial Instruments Accounting Standards for the Fiscal Year Ending March 2022

First written in FY2021. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q2.

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ProgressHeldSoftenedWorseFirst statedFY2021AchievedFY2022-Q12021: 32021
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  1. FY2022-Q2RestatedAnnual report

    「The company applied the Accounting Standard for Fair Value Measurement and other standards from the beginning of the first quarter of the consolidated fiscal year, and will apply prospectively the new accounting policies prescribed by the Fair Value Measurement Accounting Standard and other standards. The application had 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.
  2. FY2022-Q1AchievedAnnual report

    「The company applied the “Accounting Standard for Fair Value Measurement” (Accounting Standards Board of Japan, Accounting Standard No. 30, 4 July 2019; hereinafter, the “Fair Value Measurement Standard”) and related standards from the beginning of the first quarter of the current 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 Standards Board of Japan, Accounting Standard No. 10, 4 July 2019), the company applied the new accounting policies prescribed by the Fair Value Measurement Standard and related standards prospectively. There was no impact on the quarterly consolidated financial statements.」

    The accounting standards for fair value measurement and other matters were adopted from the beginning of the fiscal year ending March 2022. The Company states that the new accounting policies were applied prospectively and had no impact on the quarterly consolidated financial statements.
  3. FY2021First statedAnnual report

    「The fair value measurement standard and related standards will be applied from the beginning of the fiscal year ending March 2022. The impact of applying these standards on the consolidated financial statements had not yet been determined.」

    The Company first confirmed plans to apply new accounting standards relating to fair value measurement, financial instruments and inventories from the beginning of the fiscal year ending March 2022.
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Nihon Seiko's next results are scheduled for 2026-11-06. Read the earnings preview
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Adoption of the Fair Value Measurement and Financial Instruments Accounting Standards for the Fiscal Year Ending March 2022 | NIHON SEIKO CO.,LTD (5729) | Komori