Komori
Nkk Switches (6943) · FactRestated

Application of the Accounting Standard for Fair Value Measurement

First written in FY2022-Q1. 5 of 6 entries say "Restated". Latest entry: FY2023-Q3.

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ProgressHeldSoftenedWorseRestatedFY2022-Q1 – FY2023-Q32021: 120212022: 420222023: 12023
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Preparation for the adoption of accounting standards for fair value measurementA theme 2282 companies write about · 6 as a headwind · 3 as a tailwind
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  1. FY2023-Q3RestatedAnnual report

    「The Company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the "Fair Value Measurement Guidance") from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, the Company will apply the new accounting policies prescribed by the guidance prospectively. This has no impact on the quarterly consolidated financial statements.」

    The company has continued its accounting policy of applying the Implementation Guidance on the Accounting Standard for Fair Value Measurement from the beginning of the first quarter of the fiscal year, stating that there is no impact on the financial statements.
  2. FY2023-Q2RestatedAnnual report

    「The Company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the "Fair Value Measurement Guidance") from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, the Company will apply the new accounting policies prescribed by the guidance prospectively. This has no impact on the quarterly consolidated financial statements.」

    The company has continued its accounting policy of applying the Implementation Guidance on the Accounting Standard for Fair Value Measurement from the beginning of the first quarter of the fiscal year, stating that there is no impact on the financial statements.
  3. FY2023-Q1RestatedAnnual report

    「The Company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the "Fair Value Measurement Guidance") from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, the Company will apply the new accounting policies prescribed by the guidance prospectively. This has no impact on the quarterly consolidated financial statements.」

    The company has applied the Implementation Guidance on the Accounting Standard for Fair Value Measurement from the beginning of the first quarter of the fiscal year and states that there is no impact on the financial statements.
  4. FY2022RestatedAnnual report

    「We applied the Accounting Standard for Fair Value Measurement and other standards from the beginning of the current consolidated fiscal year and decided to apply prospectively the new accounting policies prescribed by the fair value measurement accounting standard and other standards. There was no impact on the consolidated financial statements.」

    The disclosure states that the Fair Value Measurement Standard and other standards were applied from the beginning of the fiscal year ending March 2022, with no impact on the financial statements.
  5. FY2022-Q3RestatedAnnual report

    「The company applied the Accounting Standard for Fair Value Measurement and other standards from the beginning of the first quarter of the consolidated fiscal year, and will apply prospectively the new accounting policies prescribed by the Fair Value Measurement Accounting Standard and other standards. The application had no impact on the quarterly consolidated financial statements.」

    The company has continued its accounting policy of applying the Accounting Standard for Fair Value Measurement and related standards from the beginning of the first quarter of the fiscal year, stating that there is no impact on the financial statements.
  6. FY2022-Q1First statedAnnual report

    「We have applied the Accounting Standard for Fair Value Measurement (Accounting Standards Board of Japan Statement No. 30, 4 July 2019) and other standards from the beginning of the first quarter of the current consolidated fiscal period.」

    The group applied the fair value measurement standards from the beginning of the first quarter and applied the new accounting policies prospectively. No impact on the quarterly consolidated financial statements was reported.
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