Changes in Valuation Methods Following the Application of the Accounting Standards for Fair Value Measurement, etc.
First written in FY2022-Q1. 3 of 5 entries say "Restated". Latest entry: FY2023-Q3.
- FY2023-Q3RestatedAnnual report
「The Implementation Guidance on 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 guidance, the new accounting policies prescribed by the guidance were applied prospectively. For investment trusts with no quoted market transaction price, the Bank applies both the treatment of using the net asset value as fair value and the treatment of deeming the net asset value to be fair value, after determining whether there are material restrictions on redemption or other matters such that market participants would demand compensation for the risk. This had no impact on the consolidated financial statements for the third quarter.」
The application of the Fair Value Measurement Accounting Standard Implementation Guidance from the beginning of the period, the valuation of investment trusts without transaction prices using net asset value, and the absence of any impact on the financial statements were reiterated. - FY2023-Q2RestatedAnnual report
「The Implementation Guidance on 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 current interim consolidated accounting period. In accordance with the transitional treatment prescribed in paragraph 27-2 of the guidance, the new accounting policies prescribed by the guidance were applied prospectively. For investment trusts with no quoted market transaction price, the Bank applies both the treatment of using the net asset value as fair value and the treatment of deeming the net asset value to be fair value, after determining whether there are material restrictions on redemption or other matters such that market participants would demand compensation for the risk. This had no impact on the interim consolidated financial statements.」
The application of the Fair Value Measurement Accounting Standard Implementation Guidance from the beginning of the period, the valuation of investment trusts without transaction prices using net asset value, and the absence of any impact on the financial statements were reiterated. - FY2023-Q1AdvancedAnnual report
「The Implementation Guidance on 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 guidance, the new accounting policies prescribed by the guidance were applied prospectively. For investment trusts with no quoted market transaction price, the Bank applies both the treatment of using the net asset value as fair value and the treatment of deeming the net asset value to be fair value, after determining whether there are material restrictions on redemption or other matters such that market participants would demand compensation for the risk. This had no impact on the consolidated financial statements for the first quarter.」
The implementation guidance for the fair value measurement accounting standard was applied from the beginning of the first quarter of the current consolidated accounting period, introducing the use of net asset value as fair value, among other treatments, for investment trusts without transaction prices. The Bank stated that there was no impact on the financial statements. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019, hereinafter the "Fair Value Measurement Accounting Standard") and related standards were applied from the beginning of the current interim consolidated accounting period. In accordance with paragraph 8 of the Fair Value Measurement Accounting Standard, the methodology for fair value adjustments in the fair value measurement of derivative transactions was revised to maximize the use of observable inputs estimated from derivatives and other instruments traded in the market.」
The application of the fair value measurement accounting standards and related standards, the revision of the methodology for fair value adjustments on derivatives, and the ¥639 million decrease in beginning retained earnings were reiterated. - FY2022-Q1First statedAnnual report
「The Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019, hereinafter the "Fair Value Measurement Accounting Standard") and related standards were applied from the beginning of the first quarter of the current consolidated accounting period. In accordance with paragraph 8 of the Fair Value Measurement Accounting Standard, the methodology for fair value adjustments in the fair value measurement of derivative transactions was revised to maximize the use of observable inputs estimated from derivatives and other instruments traded in the market.」
Following application of the fair value measurement accounting standards and related standards, the methodology for fair value adjustments on derivatives was revised, and the valuation of domestic equities and investment trusts was changed from a method based on average market prices over the month preceding the period-end to one based on market prices and other data as of the quarter-end date. As a result of the application, beginning retained earnings decreased by ¥639 million.