Adoption of the Accounting Standard for Disclosure of Accounting Estimates
First written in FY2021. 1 of 5 entries say "Achieved", first in FY2026-H1. Latest entry: FY2026-H1.
- FY2026-H1AchievedAnnual report
「During the fourth quarter of the consolidated fiscal year ending March 2025, the company finalized the provisional accounting treatment for the business combination. The amounts for the 11th interim consolidated accounting period reflect the finalized treatment.」
The provisional accounting treatment for the business combination was finalized in the fourth quarter of the fiscal year ending March 2025, and the finalized treatment was reflected in the figures for the same period of the previous year. - FY2025-H1Goodwill recognition arising from the Autocare acquisition addedAnnual report
「Amount of goodwill recognized ¥6,123 million The amount of goodwill was provisionally calculated because the allocation of the acquisition cost had not been completed as of the end of the current interim consolidated accounting period.」
Goodwill of ¥6,123 million was provisionally recognized in connection with the acquisition of Autocare Services Pty Ltd, expanding the scope of accounting estimates related to the business combination. - FY2024Goodwill evaluations for 3 acquired companies addedAnnual report
「In the consolidated financial statements for the current consolidated fiscal year, amounts recognized for item 1 (Unit: ¥ million) Current consolidated fiscal year Blue Flag Pty Ltd. 1,191 Auto Trader Media Group Ltd. 379 Autopact Pty Ltd 20,830」
The company added impairment assessments for goodwill at 3 companies, Blue Flag, Auto Trader and Autopact, as key accounting estimates and disclosed recognized amounts totaling approximately ¥22.4 billion. - FY2023Key accounting estimates and assumptions specifiedAnnual report
「Estimates of taxable income are based on the company's medium-term 3-year plan. These estimates include assumptions regarding used-car import volumes, the outlook for market share and foreign exchange rates in New Zealand, the company's principal market.」
The company disclosed its medium-term 3-year plan, used-car import volumes, market share and foreign exchange rates as key assumptions regarding the recoverability of deferred tax assets. It also disclosed an estimate for goodwill of ¥1,834,974 thousand arising from the acquisition of Blue Flag. - FY2021First statedAnnual report
「Following the application of the Accounting Standard for Disclosure of Accounting Estimates (Accounting Standards Board of Japan Statement No. 31) to consolidated financial statements for fiscal years ending on or after 31 March 2021, the company has included notes based on that standard from the current consolidated fiscal year, as described under “Significant Accounting Estimates.”」
From the current consolidated fiscal year, the company began including notes on accounting estimates and disclosed the outlook for the resolution of COVID-19, used-car import volumes, market share and foreign exchange rates as key assumptions.