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Tomita (8147) · TargetAchieved

Scheduled Adoption of Fair Value Measurement Accounting Standards from the Fiscal Year Ending March 2022

First written in FY2020. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.

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ProgressHeldSoftenedWorseFirst statedFY20202020: 120202021: 12021
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Preparing for the application of the accounting standards for fair value measurementA theme 1853 companies write about · 5 as a headwind · 3 as a tailwind
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  1. FY2022-Q1AchievedAnnual report

    「The Company applied the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019; hereinafter, the Fair Value Measurement Accounting Standard) and other standards from the beginning of the first quarter of the current consolidated fiscal year, and decided to apply the new accounting policies prescribed by the Fair Value Measurement Accounting Standard and other standards prospectively, in accordance with the transitional treatment prescribed in paragraph 19 of the Fair Value Measurement Accounting Standard and paragraph 44-2 of the Accounting Standard for Financial Instruments (ASBJ Statement No. 10, 4 July 2019). The application of these accounting standards and other requirements had no impact on the quarterly consolidated financial statements.」

    The Accounting Standard for Fair Value Measurement and other requirements, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were applied from the beginning of the current first quarter consolidated accounting period. The company states that there was no impact on the financial statements.
  2. FY2020First statedAnnual report

    「(2) Scheduled application date The standards will be applied from the beginning of the fiscal year ending March 2022. (3) Impact of applying the accounting standards and other requirements The amount of the impact on the consolidated financial statements from applying the Accounting Standard for Fair Value Measurement and other requirements has not yet been determined.」

    The company plans to apply the Accounting Standard for Fair Value Measurement and other requirements from the beginning of the fiscal year ending March 2022 and states that the amount of the impact has not yet been determined.
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Scheduled Adoption of Fair Value Measurement Accounting Standards from the Fiscal Year Ending March 2022 | TOMITA CO.LTD. (8147) | Komori