Adoption of the accounting standard for fair value measurement
First written in FY2022-Q1. 1 of 3 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2023.
- FY2023RestatedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement was applied from the beginning of the current consolidated fiscal year, and … the carrying amount of certain investment trusts on the consolidated balance sheet was changed to fair value.」
The application of the implementation guidance on the Accounting Standard for Fair Value Measurement introduced in the previous fiscal year continued in the annual financial statements. - FY2023-Q1AdvancedAnnual report
「We applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021) from the beginning of the current first quarter and, in accordance with the transitional treatment prescribed in paragraph 27-2 of the guidance, will apply its new accounting policies prospectively. As a result, certain investment trusts that had been measured at acquisition cost as the carrying amount on the quarterly consolidated balance sheet as investments without market prices have been changed to measurement at fair value as the carrying amount on the quarterly consolidated balance sheet.」
Following the application of the Accounting Standard for Fair Value Measurement, its implementation guidance was applied from the first quarter, and the valuation method for certain investment trusts was changed from acquisition cost to fair value. - FY2022-Q1First statedAnnual report
「We applied the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019) and other standards from the beginning of the current first quarter. In accordance with the transitional treatment prescribed in paragraph 19 of the Accounting Standard for Fair Value Measurement and paragraph 44-2 of the Accounting Standard for Financial Instruments (ASBJ Statement No. 10, 4 July 2019), we will apply the new accounting policies prescribed by the Accounting Standard for Fair Value Measurement and other standards prospectively. The impact on the quarterly consolidated financial statements is immaterial.」
The Accounting Standard for Fair Value Measurement and other standards were applied from 1 April 2021, and the new fair value measurement policy was applied prospectively in accordance with the transitional treatment. The impact on the financial statements was described as immaterial.