Business Combination Accounting Standards and Related Standards and Changes in Depreciation Methods
First written in FY2017-Q3. 1 of 2 entries say "Dropped", first in FY2018-Q2. Latest entry: FY2018-Q2.
6 other companies' latest entry also says "Dropped".
- FY2018-Q2DroppedAnnual report
「We have applied the Guidance on Recoverability of Deferred Tax Assets (Accounting Standards Implementation Guidance No. 26, 28 March 2016) from the first-quarter consolidated accounting period.」
In the current disclosure on accounting policies, only the implementation guidance on deferred tax assets is mentioned, and the previously disclosed adoption of the business combination accounting standards and other standards and the change in depreciation method have not been repeated. - FY2017-Q3First statedAnnual report
「The Company has adopted the Accounting Standard for Business Combinations (Accounting Standards Board of Japan Statement No. 21, 13 September 2013, hereinafter the “Business Combination Accounting Standard”), the Accounting Standard for Consolidated Financial Statements (Accounting Standards Board of Japan Statement No. 22, 13 September 2013, hereinafter the “Consolidated Accounting Standard”), the Accounting Standard for Business Divestitures (Accounting Standards Board of Japan Statement No. 7, 13 September 2013, hereinafter the “Business Divestiture Accounting Standard”) and other standards from the first quarter of the current fiscal year, changing the method of accounting for differences arising from changes in the Company’s ownership interests in subsidiaries when control is retained by recording them as capital surplus, and recording acquisition-related costs as expenses in the consolidated fiscal year in which they are incurred. The Company and its domestic consolidated subsidiaries have adopted the Practical Solution on Changes in Depreciation Method due to the 2016 Tax Reform (Practical Issues Task Force No. 32, 17 June 2016) from the first quarter of the current fiscal year in connection with revisions to the Corporation Tax Act, changing the depreciation method for building附属設備 and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
The Company has disclosed the adoption of the accounting standards for business combinations and other standards, and the change in the depreciation method for building附属設備 and structures from the declining-balance method to the straight-line method, as new accounting policies. The adoption of the business combination accounting standards and other standards had no impact on the consolidated financial statements for the current quarter, while the impact on earnings from the change in depreciation method was deemed immaterial.