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Oriental Chain Mfg. (6380) · InitiativeAchieved

Application of accounting standards for fair value measurement

First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.

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ProgressHeldSoftenedWorseFirst statedFY20212021: 22021
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  1. FY2022-Q1AchievedAnnual report

    「The Company applied the Accounting Standard for Fair Value Measurement and related standards from the beginning of the current first quarter 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 Company will apply the new accounting policies prescribed by the Accounting Standard for Fair Value Measurement and related standards prospectively. This has no impact on the quarterly financial statements.」

    The company applied the Accounting Standard for Fair Value Measurement and related standards as scheduled from the beginning of the fiscal year ending March 2022. It states that there was no impact on the quarterly financial statements.
  2. FY2021First statedAnnual report

    「(2) Scheduled date of application Applied from the beginning of the fiscal year ending March 2022. (3) Impact of application of the accounting standards and other rules The amount of the impact on the financial statements from applying the Accounting Standard for Fair Value Measurement and related standards has not been determined at this time.」

    The accounting standards concerning fair value measurement, inventory valuation, financial instruments and fair value disclosures are scheduled for application from the beginning of the fiscal year ending March 2022, and the amount of the impact on the financial statements has not been determined.
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Application of accounting standards for fair value measurement | ORIENTAL CHAIN MFG. CO.,LTD. (6380) | Komori