Adoption of the Accounting Standard for Disclosure of Accounting Estimates
First written in FY2021. 2 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「Although the Company determined that there were indicators of impairment because a relatively large amount of the acquisition cost had been allocated to goodwill, it determined that recognition of an impairment loss was unnecessary because total undiscounted future cash flows exceeded the carrying amount.」
Disclosure of accounting estimates was made more specific, covering indicators of impairment, future cash flows and projected sales volumes for ZENIT's ¥3,184 million in goodwill. - FY2023AdvancedAnnual report
「For ZENIT INTERNATIONAL S.P.A., an equity-method affiliate, the Company recognized investment securities of ¥1,960 million, including ¥1,048 million equivalent to goodwill, and determined that there were no indicators of impairment.」
Disclosure of accounting estimates progressed from explaining the application of the accounting standard to disclosing specific significant estimates, including the valuation of ZENIT shares and the goodwill equivalent. - FY2021First statedAnnual report
「We have applied the Accounting Standard for Disclosure of Accounting Estimates, Accounting Standard No. 31 dated 31 March 2020, to consolidated financial statements for the fiscal year-end of the current consolidated fiscal year and included notes on significant accounting estimates in the consolidated financial statements.」
Beginning at the end of the current fiscal year, the Company applied the notes on accounting estimates and disclosed impairment assessments for investments in affiliated companies and other matters as significant accounting estimates.