Response to New Accounting Standards, Including Fair Value Measurement and Disclosures of Accounting Estimates
First written in FY2020. 1 of 5 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2026Addition of planned adoption of the subsequent events accounting standardAnnual report
「The Accounting Standard for Subsequent Events (Accounting Standard No. 41, 9 January 2026, Accounting Standards Board of Japan), the Implementation Guidance on the Accounting Standard for Subsequent Events (Implementation Guidance No. 35, 9 January 2026, Accounting Standards Board of Japan) and other standards are scheduled to be applied from the beginning of the fiscal year ending March 2028.」
The accounting standards for subsequent events and related standards scheduled for adoption from the fiscal year ending March 2028 have been added to the company's new accounting standards response themes. The lease accounting standard is also scheduled to be adopted from the same period. - FY2025Addition of planned adoption of the lease accounting standardAnnual report
「The Accounting Standard for Leases (Accounting Standard No. 34, 13 September 2024) and other standards are scheduled to be applied from the beginning of the fiscal year ending March 2028.」
The lease accounting standard scheduled for adoption from the fiscal year ending March 2028 has been added to the company's new accounting standards response themes, and the amount of its impact is being assessed. - FY2022-Q3RestatedAnnual report
「From the beginning of the first quarter, 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 prescribed in paragraph 19 of that standard and paragraph 44-2 of the Accounting Standard for Financial Instruments (ASBJ Statement No. 10, 4 July 2019), we will apply the new accounting policies prescribed by the standards prospectively. This has no impact on the quarterly consolidated financial statements.」
The company continues to explain that application of the accounting standard for fair value measurement and other relevant standards from the beginning of the first quarter has no impact on the financial statements. - FY2022-Q1AchievedAnnual report
「The “Accounting Standard for Fair Value Measurement” (ASBJ Statement No. 30, 4 July 2019) and related standards have been applied 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 standard and Paragraph 44-2 of the “Accounting Standard for Financial Instruments” (ASBJ Statement No. 10, 4 July 2019), the new accounting policies prescribed by the standards will be applied prospectively. The application has no impact on the quarterly consolidated financial statements.」
The company applied the accounting standards for fair value measurement and other standards from the beginning of the first quarter of the current fiscal year and transitioned to the new accounting policies. It states that there was no impact on the financial statements. - FY2020First statedAnnual report
「The Accounting Standard for Fair Value Measurement and other standards will be applied from the beginning of the fiscal year ending March 2022. The Accounting Standard for Disclosure of Accounting Estimates and the Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Errors will be applied from the year-end of the fiscal year ending March 2021.」
The company has for the first time summarized the timing of adoption and planned responses for new standards concerning fair value measurement, disclosure of accounting estimates, accounting policies and other matters.