Application of the Accounting Standard for Disclosure of Accounting Estimates
First written in FY2021. 1 of 3 entries say "Restated". Latest entry: FY2025.
- FY2025New identification of indicators of goodwill impairmentAnnual report
「During the current consolidated fiscal year, monitoring of progress against the business plan showed that operating profit after deducting goodwill amortization had remained negative, indicating impairment. However, no impairment loss on goodwill was recognized because the total undiscounted future cash flows exceeded the carrying amount.」
Regarding significant accounting estimates, the disclosure on Norsonic AS's goodwill changed from “no indicators of impairment” in the previous fiscal year to the presence of indicators of impairment in the current fiscal year. However, no impairment loss was recognized. - FY2023RestatedAnnual report
「The Group's consolidated financial statements are prepared in accordance with accounting standards generally accepted as fair and appropriate in Japan. In preparing these consolidated financial statements, we use estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses.」
In addition to inventories, the company disclosed the valuation of goodwill arising from the acquisition of Norsonic AS as a significant accounting estimate. - FY2021First statedAnnual report
「The “Accounting Standard for Disclosure of Accounting Estimates” (ASBJ Statement No. 31, 31 March 2020) has been applied to the consolidated financial statements for the year-end of the current consolidated fiscal year, and notes on significant accounting estimates are included in the consolidated financial statements.」
Beginning with the consolidated financial statements for FY2021, the company applied and disclosed notes on accounting estimates. The valuation of inventories was identified as a significant estimate.