Preparation for Adopting Fair Value Measurement Accounting Standards
First written in FY2020. 2 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2023-Q1.
- FY2023-Q1AchievedAnnual report
「The Implementation Guidance on the Accounting Standard for Fair Value Measurement (Accounting Standards Board of Japan Guidance No. 31, 17 June 2021; hereafter, the “Implementation Guidance”) was adopted from the beginning of the first quarter of the current consolidated fiscal year, and the new accounting policy prescribed by the Implementation Guidance was applied prospectively. As a result, fair value measurement is being applied to investment trusts with real estate as their trust assets and no market price.」
The Bank adopted the Implementation Guidance from the beginning of the first quarter and began fair-value measurement of investment trusts without market prices whose trust assets comprise real estate. - FY2022-Q3RestatedAnnual report
「The Accounting Standard for Fair Value Measurement (Accounting Standards Board of Japan Statement No. 30, 4 July 2019; hereafter, the “Fair Value Measurement Standard”) and related standards were adopted from the beginning of the first quarter of the current consolidated fiscal year. In accordance with paragraph 8 of the Fair Value Measurement Standard, the Bank introduced a method of reflecting the Bank’s credit risk, counterparty credit risk and other risks in the fair value of derivative transactions. As a result, the opening balance of retained earnings decreased by ¥446 million, derivative assets decreased by ¥638 million and deferred tax assets increased by ¥192 million. The impact on profit or loss was immaterial.」
The filing reconfirms in the third quarter that the Fair Value Measurement Standard was adopted from the beginning of the first quarter, together with the derivative valuation method and its impact. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Fair Value Measurement (Accounting Standards Board of Japan Statement No. 30, 4 July 2019; hereafter, the “Fair Value Measurement Standard”) and related standards were adopted from the beginning of the first quarter of the current consolidated fiscal year. In accordance with paragraph 8 of the Fair Value Measurement Standard, the Bank introduced a method of reflecting the Bank’s credit risk, counterparty credit risk and other risks in the fair value of derivative transactions. As a result, the opening balance of retained earnings decreased by ¥446 million, derivative assets decreased by ¥638 million and deferred tax assets increased by ¥192 million. The impact on profit or loss was immaterial.」
The Bank adopted the Fair Value Measurement Standard that had been scheduled for adoption from the beginning of the fiscal year ending March 2022, introduced a derivative valuation method and quantified the impact on retained earnings and other items. - FY2020First statedAnnual report
「The Accounting Standard for Fair Value Measurement and the Implementation Guidance on the Accounting Standard for Fair Value Measurement and related standards were scheduled for adoption from the beginning of the fiscal year ending March 2022. The impact was being assessed when the consolidated financial statements were prepared.」
The Bank planned to adopt the fair-value measurement standard, the accounting standard for financial instruments and the implementation guidance on fair-value disclosures for financial instruments from the beginning of the fiscal year ending March 2022.