Assessment and Verification of Financial Instrument Fair Value Measurement Processes
First written in FY2022-Q2. 3 of 4 entries say "Restated". Latest entry: FY2026-H1.
2 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Our banking group establishes procedures and other requirements for fair value measurement in each trading division, and the risk management division evaluates and verifies their appropriateness and operating status. An independent valuation division verifies the appropriateness of the valuation techniques and inputs used to measure fair value, as well as the appropriateness of the classification of fair value levels. The verification results are reported to the risk management division each period, ensuring the appropriateness of the fair value measurement procedures and other requirements.」
The two-stage control framework and periodic reporting have continued, with the risk management division evaluating and verifying the fair value measurement procedures of the trading divisions and an independent valuation division verifying the valuation techniques, inputs and fair value level classifications. - FY2025RestatedAnnual report
「Our banking group establishes procedures and other requirements for fair value measurement in each trading division, and the risk management division evaluates and verifies their appropriateness and operating status. An independent valuation division verifies the appropriateness of the valuation techniques and inputs used to measure fair value, as well as the appropriateness of the classification of fair value levels. The verification results are reported to the risk management division each period, ensuring the appropriateness of the fair value measurement procedures and other requirements.」
The fair value measurement process for financial instruments involving the trading divisions, risk management division and independent valuation division, together with the reporting framework operated each period, has continued. - FY2024-Q2RestatedAnnual report
「Our banking group establishes procedures and other requirements for fair value measurement in each trading division, and the risk management division evaluates and verifies their appropriateness and operating status. An independent valuation division verifies the appropriateness of the valuation techniques and inputs used to measure fair value, as well as the appropriateness of the classification of fair value levels. The verification results are reported to the risk management division each period, ensuring the appropriateness of the fair value measurement procedures and other requirements.」
The two-stage control framework has continued, with the risk management division evaluating and verifying the fair value measurement procedures of the trading divisions and an independent valuation division verifying the valuation techniques, inputs and fair value level classifications. - FY2022-Q2First statedAnnual report
「Our banking group establishes procedures and other requirements for fair value measurement in each trading division, and the risk management division evaluates and verifies their appropriateness and operating status. An independent valuation division verifies the appropriateness of the valuation techniques and inputs used to measure fair value, as well as the appropriateness of the classification of fair value levels. The verification results are reported to the risk management division each period, ensuring the appropriateness of the fair value measurement procedures and other requirements.」
A two-stage control framework for fair value measurement of financial instruments was confirmed for the first time: the risk management division evaluates and verifies the procedures of the trading divisions, while an independent valuation division verifies the appropriateness of valuation techniques, inputs and fair value level classifications.