Application of Fair Value Measurement Accounting Standards and Fair Value Hierarchy Disclosures
First written in FY2022-Q2. 1 of 3 entries say "Restated". Latest entry: FY2023-Q1.
- FY2023-Q1AdvancedAnnual report
「The Company adopted the "Implementation Guidance on the Accounting Standard for Fair Value Measurement" (Accounting Standard Implementation Guidance No. 31, 17 June 2021) 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 Implementation Guidance on the Accounting Standard for Fair Value Measurement, the Company will apply prospectively the new accounting policies prescribed by the Implementation Guidance. This had no impact on the consolidated financial statements for the current first quarter.」
Following adoption of the Fair Value Measurement Accounting Standard, the Company adopted the revised implementation guidance from the beginning of the current first quarter of the consolidated accounting period. It stated that this had no impact on the financial statements. - FY2022-Q3RestatedAnnual report
「The Company adopted the "Accounting Standard for Fair Value Measurement" (Accounting Standard No. 30, 4 July 2019; hereinafter, the "Fair Value Measurement Accounting Standard") and other relevant standards from the beginning of the first quarter of the current consolidated accounting period. In accordance with the transitional treatment prescribed in Paragraph 19 of the Fair Value Measurement Accounting Standard and Paragraph 44-2 of the "Accounting Standard for Financial Instruments" (Accounting Standard No. 10, 4 July 2019), the Company will apply prospectively the new accounting policies prescribed by the Fair Value Measurement Accounting Standard and other relevant standards.」
The Company continued applying the Fair Value Measurement Accounting Standard and related standards, using fair value measurement based on market prices and other data at the reporting date for shares with quoted market prices. - FY2022-Q2First statedAnnual report
「The Company adopted the "Accounting Standard for Fair Value Measurement" (Accounting Standard No. 30, 4 July 2019; hereinafter, the "Fair Value Measurement Accounting Standard") and other relevant standards from the beginning of the current interim consolidated accounting period. In accordance with the transitional treatment prescribed in Paragraph 19 of the Fair Value Measurement Accounting Standard and Paragraph 44-2 of the "Accounting Standard for Financial Instruments" (Accounting Standard No. 10, 4 July 2019), the Company will apply prospectively the new accounting policies prescribed by the Fair Value Measurement Accounting Standard and other relevant standards.」
The Fair Value Measurement Accounting Standard and related standards were adopted from the beginning of the period. The valuation of listed shares was changed from a method based on the one-month average before the reporting date to a method based on market prices and other data at the reporting date. A framework was also introduced for disclosing financial instrument fair values classified as Level 1 through Level 3.