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Hotel Newgrand (9720) · PolicyRestated

Adoption of Accounting Standards for Fair Value Measurement

First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q2.

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ProgressHeldSoftenedWorseFirst statedFY2022-Q1 – FY2022-Q22022: 22022
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Preparing for the application of the accounting standards for fair value measurementA theme 1842 companies write about · 5 as a headwind · 3 as a tailwind
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  1. FY2022-Q2RestatedAnnual report

    「The Company has applied the “Accounting Standard for Fair Value Measurement” (Accounting Standards Board of Japan Statement No. 30, 4 July 2019; hereinafter, the “Fair Value Measurement Accounting Standard”) and other relevant standards from the beginning of the first-quarter accounting period, and will apply the new accounting policies prescribed by these standards prospectively. There is no impact on the quarterly financial statements.」

    The Company continues to apply the accounting standards for fair value measurement and states that there is no impact on the quarterly financial statements.
  2. FY2022-Q1First statedAnnual report

    「The Company has applied the “Accounting Standard for Fair Value Measurement” (Accounting Standards Board of Japan Statement No. 30, 4 July 2019; hereinafter, the “Fair Value Measurement Accounting Standard”) and other relevant standards from the beginning of the first-quarter 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 Standards Board of Japan Statement No. 10, 4 July 2019), the Company will apply the new accounting policies prescribed by the Fair Value Measurement Accounting Standard and other relevant standards prospectively.」

    The accounting standards for fair value measurement and related standards were applied from the beginning of the first quarter accounting period. The filing stated that there was no impact on the quarterly financial statements.
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Adoption of Accounting Standards for Fair Value Measurement | HOTEL NEWGRAND CO.,LTD. (9720) | Komori