Komori
Kyowakogyosyo (5971) · InitiativeAchieved

Preparation for Applying New Accounting Standards for Fair Value Measurement, etc.

First written in FY2020. 1 of 3 entries say "Restated". Latest entry: FY2022-Q1.

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ProgressHeldSoftenedWorseFirst statedFY2020 – FY20212020: 120202021: 22021
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Preparing for adoption of accounting standards for fair value measurementA theme 1870 companies write about · 5 as a headwind · 3 as a tailwind
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  1. FY2022-Q1AchievedAnnual report

    「The Accounting Standard for Fair Value Measurement and related standards were applied from the beginning of the current first-quarter consolidated accounting period. 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, the new accounting policies prescribed by the Accounting Standard for Fair Value Measurement and related standards were applied prospectively. This had no impact on the quarterly consolidated financial statements for the current first-quarter consolidated accounting period.」

    The Accounting Standard for Fair Value Measurement and related standards, which had been scheduled for application through the previous fiscal year, were actually applied from the beginning of the current first-quarter consolidated accounting period. It is stated that they had no impact on the financial statements.
  2. FY2021RestatedAnnual report

    「The Accounting Standard for Fair Value Measurement and related standards are scheduled to be applied from the beginning of the fiscal year ending April 2022. The impact of applying the Accounting Standard for Fair Value Measurement and related standards on the consolidated financial statements is currently being assessed.」

    The plan to apply the new standards on fair value measurement and related matters from the beginning of the fiscal year ending April 2022, while assessing their impact, has continued.
  3. FY2020First statedAnnual report

    「The Accounting Standard for Fair Value Measurement and related standards are scheduled to be applied from the beginning of the fiscal year ending April 2022. The impact of applying the Accounting Standard for Fair Value Measurement and related standards on the consolidated financial statements is currently being assessed.」

    The new standards on fair value measurement, inventories, financial instruments, and related disclosures are scheduled to be applied from the beginning of the fiscal year ending April 2022, and the impact is currently being assessed.
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