Planned adoption of new accounting standards for fair value measurement, accounting policies and accounting estimates
First written in FY2020. 3 of 5 entries say "Restated". Latest entry: FY2026.
26 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In determining whether there are indications of goodwill impairment, the Company primarily uses operating income or loss generated by the asset group to which the goodwill is attributable and future business plans. The future business plans incorporate key assumptions such as growth rates and profit margins.」
The explanation of goodwill valuation using future business plans, growth rates and profit margins as accounting estimates continues. The new lease standard is recorded in a separate thread. - FY2022-Q3RestatedAnnual report
「The Company adopted the Accounting Standard for Fair Value Measurement and related standards from the beginning of the first quarter and will apply the new accounting policies prescribed by these standards prospectively in accordance with the transitional treatment. The adoption had no effect on the quarterly consolidated financial statements.」
The policy of applying the fair value measurement accounting standards and related standards from the beginning of the first quarter of the current fiscal year remains in place, and no impact on the quarterly consolidated financial statements is stated. - FY2022-Q1AchievedAnnual report
「We adopted the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019; the “Fair Value Measurement Standard”) and related guidance from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in Paragraph 19 of the Fair Value Measurement Standard and Paragraph 44-2 of the Accounting Standard for Financial Instruments (ASBJ Statement No. 10, 4 July 2019), the new accounting policies prescribed by the Fair Value Measurement Standard and related guidance will be applied prospectively. There is no impact on the quarterly consolidated financial statements.」
The fair value measurement accounting standards and related standards, which had previously been scheduled for adoption from the beginning of the fiscal year ending March 2022, were adopted from the beginning of the first quarter of the current fiscal year. No impact on the financial statements is stated. - FY2021RestatedAnnual report
「The Accounting Standard for Fair Value Measurement, Guidance on the Accounting Standard for Fair Value Measurement, Accounting Standard for Measurement of Inventories, Accounting Standard for Financial Instruments and Guidance on Disclosures about Fair Value of Financial Instruments are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The planned adoption of new accounting standards concerning fair value measurement, inventories and financial instruments, among others, from the beginning of the fiscal year ending March 2022 has been reconfirmed. - FY2020First statedAnnual report
「The Accounting Standard for Fair Value Measurement, Guidance on the Accounting Standard for Fair Value Measurement, Accounting Standard for Measurement of Inventories, Accounting Standard for Financial Instruments and Guidance on Disclosures about Fair Value of Financial Instruments are scheduled to be applied from the beginning of the fiscal year ending March 2022. The Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Errors and the Accounting Standard for Disclosure of Accounting Estimates are scheduled to be applied from the end of the fiscal year ending March 2021.」
Separate from the revenue recognition standard, the planned adoption of new standards concerning fair value measurement, inventories, financial instruments, accounting policies and accounting estimates has been disclosed together for the first time.