Adoption of the implementation guidance for fair value measurement accounting standards
First written in FY2023-Q2. 2 of 3 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「Accordingly, for investment trusts whose trust assets are financial instruments, the net asset value is used as fair value because there are no quoted market transaction prices and no significant restrictions on redemption or repurchase requests that would require market participants to demand compensation for the associated risk. This has no impact on the consolidated financial statements.」
The Fair Value Measurement Accounting Guidance has been applied from the beginning of the current consolidated fiscal year, and the treatment of using the net asset value of investment trusts as fair value continues to be applied. It has been stated that this has no impact on the financial statements. - FY2023-Q3RestatedAnnual report
「The “Implementation Guidance on Accounting Standard for Fair Value Measurement” (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Accounting Guidance”) has been applied from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment set out in paragraph 27-2 of the Fair Value Measurement Accounting Guidance, the new accounting policies prescribed therein are being applied prospectively. Accordingly, for investment trusts whose trust assets are financial instruments, the net asset value is used as fair value because there are no quoted market transaction prices and no significant restrictions on redemption or repurchase requests that would require market participants to demand compensation for the associated risk. This has no impact on the quarterly consolidated financial statements.」
The Fair Value Measurement Accounting Guidance continues to be applied. For certain investment trusts, the net asset value is used as fair value, and it has been stated that this has no impact on the quarterly consolidated financial statements. - FY2023-Q2First statedAnnual report
「The “Implementation Guidance on Accounting Standard for Fair Value Measurement” (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Accounting Guidance”) has been applied from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment set out in paragraph 27-2 of the Fair Value Measurement Accounting Guidance, the new accounting policies prescribed therein are being applied prospectively. Accordingly, for investment trusts whose trust assets are financial instruments, the net asset value is used as fair value because there are no quoted market transaction prices and no significant restrictions on redemption or repurchase requests that would require market participants to demand compensation for the associated risk. This has no impact on the quarterly consolidated financial statements.」
The Fair Value Measurement Accounting Guidance has been applied from the beginning of the first quarter of the current consolidated fiscal year, and the accounting policy of using the net asset value as fair value for certain investment trusts is being applied. It has been explained that this has no impact on the quarterly consolidated financial statements.