Application of the Accounting Standard for Fair Value Measurement and Review of Fair Value Adjustment Methodology for Derivatives
First written in FY2022-Q1. 2 of 4 entries say "Restated". Latest entry: FY2023-Q3.
- FY2023-Q3RestatedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Accounting Standard Implementation Guidance”) was applied from the beginning of the first quarter of the current consolidated accounting period. In accordance with the transitional treatment prescribed in Paragraph 27-2 of the Fair Value Measurement Accounting Standard Implementation Guidance, the new accounting policy prescribed therein was applied prospectively. This had no impact on the quarterly consolidated financial statements.」
The company continues to apply the new accounting policy based on the Fair Value Measurement Accounting Standard Implementation Guidance and has reaffirmed that it has no impact on the quarterly consolidated financial statements. - FY2023-Q1AdvancedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (Accounting Standards Implementation Guidance No. 31, 17 June 2021, hereinafter the “Fair Value Measurement Implementation Guidance”) was applied from the beginning of the first quarter of the current consolidated fiscal year, and the new accounting policies prescribed by the Fair Value Measurement Implementation Guidance were applied prospectively. There was no impact on the quarterly consolidated financial statements.」
In addition to applying the Fair Value Measurement Accounting Standard, its implementation guidance was applied from the beginning of the quarter. The new accounting policy had no impact on the financial statements. - FY2022-Q2RestatedAnnual report
「The Company applied the "Accounting Standard for Fair Value Measurement" and related standards from the beginning of the current interim consolidated accounting period. In accordance with Paragraph 8 of the accounting standard for fair value measurement, it revised the method used to determine fair value adjustments in the fair value measurement of derivative transactions to one that makes maximum use of observable inputs estimated from derivatives and other instruments traded in the market.」
The application of the Fair Value Measurement Accounting Standard and the revision of the derivative fair value adjustment method to make maximum use of observable inputs have been reaffirmed. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Fair Value Measurement and other standards were applied from the beginning of the first quarter of the current consolidated fiscal year. In accordance with Paragraph 8 of the Fair Value Measurement Accounting Standard, the method for adjusting fair values in the measurement of derivative transactions was revised to a method that makes maximum use of observable inputs estimated from derivatives and other instruments traded in the market. As a result, opening retained earnings for the current consolidated accounting period decreased by ¥657 million, while specified trading assets increased by ¥350 million and specified trading liabilities increased by ¥873 million.」
In connection with applying the Fair Value Measurement Accounting Standard, the method for adjusting derivative fair values was revised to make maximum use of observable inputs. Balances including retained earnings changed when the standard was initially applied.