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2020-03-31 Points to note when holding a general meeting of shareholders related to the coronavirus infection (published by the Ministry of Justice)
In the event that the Ministry of Justice could not hold the Ordinary General Meeting of Shareholders on February 28, 2020, related to this new type of coronavirus infectious disease at the originally scheduled time, please note that the “Ordinary General Meeting of Shareholders About ”was published. The main contents are as follows.

(1) If it is not possible to hold a general meeting of shareholders at the time specified in the Articles of Incorporation in connection with the new type of coronavirus infection, hold the general meeting of shareholders within a reasonable period after the situation is resolved. Is enough.
(2) If the articles of incorporation specify a record date for exercising voting rights at the general meeting of shareholders, there may be situations in which the general shareholders meeting cannot be held within three months from the record date in relation to a coronavirus infection. In such a case, a new record date for exercising voting rights shall be established, and the record date shall be announced two weeks prior to the record date.
(3) Even if the articles of incorporation stipulate that a specific date is the record date for dividends of surplus, it is not possible to pay dividends from the specific date as the record date in relation to the new type of coronavirus infection. When a situation arises, it is possible to set a date different from the specific date as a reference date for the distribution of the surplus, and make a public notice to pay the dividend.
http://www.moj.go.jp/MINJI/minji07_00021.html

2019-11-19 Early adoption of revenue recognition accounting standards
According to the article on Management Finance No. 3426, 8 companies disclosed that accounting standards for revenue recognition were early applied (as of September 23), and 28 companies in the previous survey (as of July 10) At the same time, the number of early adopters is 36 (limited to companies that have made early note in the “Change in accounting policy” in the securities report or quarterly report). The eight companies that were found to be early applied in this survey were timed for early adoption of 7 companies from the beginning of the fiscal year ending March 2020 and 1 company from the beginning of the fiscal year ending February 2020. As for the impact, 4 out of 8 companies increased, 1 decreased, 2 had “Impact is minor” and 1 had “no impact”. In principle, the new accounting policy will be applied retroactively to all past periods in the first year of the application of revenue recognition accounting standards. However, according to the proviso to paragraph 84, a new accounting policy will be applied before the beginning of the first year of application. The cumulative effect of the first year of application of a new accounting policy can be adjusted to the retained earnings at the beginning of the first year of application, and a new accounting policy can be applied from the beginning balance. All of the eight companies mentioned above applied the transitional measures in the proviso to paragraph 84.


2019-10-06 Announcement of the format of the report on the results of agreed procedures regarding cashless and consumer returns business
Operating expenses for payment operators, etc. to implement point reduction using cashless payment methods for small and medium-sized businesses as a measure for leveling demand in response to the consumption tax rate increase from October 1, 2019 A cashless / consumer return business will be carried out to assist some of the expenses.
Inefficiency of points, etc. used in calculating the subsidy amount for cashless issuers (subcontractors who have purchased cashless payments) that receive subsidies in this project The usage rate must be confirmed by a certified public accountant or an audit corporation.
Regarding the confirmation work by this certified public accountant or audit corporation, the “Agreed Procedure Execution Result Report Format” has been announced on the Cashless and Consumer Returns Business Website. This format describes the procedures that are expected to be performed by a certified public accountant or an audit corporation in this confirmation. Using this format, the business will be carried out in accordance with the 4400 “Practical Guidelines for the agreed Procedure Work”.
https://jicpa.or.jp/specialized_field/20190906ieg.html

2019-10-06 Publication of “Comments on Audit Standards Revision”, “Interviews on Revision of Interim Audit Standards” and “Comments on Quarterly Review Standards”
The Board of Corporate Accounting (Chairman Yoshihiro Tokuga, Vice President / Professor, Kyoto University) announced at the general meeting held on Tuesday, September 3, 1980, “Opinion on Revision of Auditing Standards” (Attachment 1), “ We have compiled a written opinion on revision of interim audit standards (Attachment 2) and a written opinion on revision of quarterly review standards (Attachment 3).
https://www.fsa.go.jp/news/r1/sonota/20190904-2.html

2019-10-03 Disclosure of early application of “continuous audit period” of audit corporation in securities report “audit status”
In the fiscal year ended March 31, 2019, there were 83 companies that applied the disclosure of the “continuous audit period” of the audit corporation in the “audit status” required to be disclosed from the securities report for the fiscal year ending March 31, 2020 in the fiscal year ended March 31, 2019. Management Finance 2019-09-02).
More than half of the 83 companies (45 companies) had a period of 1 to 15 years, 22 companies from 15 to 30 years, and the remaining 16 companies had a duration of 31 years or more.
The longest disclosed period is 68 years (“1951 and beyond”, EY Sinnihon, food), and it is said that the audit of listed companies based on the Securities and Exchange Law was started in 1951 in Japan. The 68 years are considered to be the longest period in Japan.


2019-10-02 Announcement of Corporate Accounting Standard No. 30 “Accounting Standard for Calculation of Market Value”
The Corporate Accounting Standards Committee, at the 381st Corporate Accounting Standards Committee held in March 2018, worked to ensure consistency with international accounting standards, mainly with regard to guidance and disclosure regarding the fair value of financial instruments. We decided to start and were considering.
The 411st Corporate Accounting Standards Committee meeting held on June 27, 2019 approved the publication of the following corporate accounting standards and corporate accounting standard application guidelines (hereinafter collectively referred to as “the accounting standards, etc.”).

(1) Corporate Accounting Standard No. 30 “Accounting Standard for Calculation of Market Value”
(2) Revised Corporate Accounting Standard No. 9, “Accounting Standard for Valuation of Inventories”
(3) Revised Corporate Accounting Standard No. 10 “Accounting Standard for Financial Instruments”
(4) Business Accounting Standard Application Guideline No. 31 “Guidelines for Applying Accounting Standards for Fair Value Calculations”
(5) Revised Guidance for Accounting Standards No. 14 “Guidance on Accounting Standards for Quarterly Financial Statements”
(6) Revised Corporate Accounting Standard Guidance No. 19 “Guidance on Disclosure of Fair Value of Financial Instruments”
https://www.asb.or.jp/jp/accounting_standards/accounting_standards/y2019/2019-0704.html

2019-10-01 Announcement of Amended Practical Response Report No. 18, “Present Handling of Accounting for Foreign Subsidiaries in Preparation of Consolidated Financial Statements”
The Accounting Standards Committee of the International Financial Reporting Standard No. 16 “Lease” and the US GAAP Update in the Business Response Report No. 18 “Current Handling of Accounting for Foreign Subsidiaries in the Preparation of Consolidated Financial Statements” We were considering the handling of 2016-02 “Lease (Topic 842)”.

At the 411st Corporate Accounting Standards Committee meeting held on June 27, 2019, the publication of the amended Practical Report No. 18 “Current Handling of Accounting for Foreign Subsidiaries in the Preparation of Consolidated Financial Statements” was approved. It was.
https://www.asb.or.jp/jp/accounting_standards/practical_solution/y2019/2019-0628.html

2019-04-01 About publication of revised “Guidelines on Accounting for SMEs”
The “SME Accounting Guidelines Development Review Committee,” which was established mainly by four associations of the Japan Tax Accountants Association, the Japan Certified Public Accountants Association, the Japanese Chamber of Commerce and Industry, and the Corporate Accounting Standards Committee, Was reviewed and approved for publication by the Committee on February 27.
https://www.asb.or.jp/jp/accounting_standards/misc/misc_others/2019-0306.html

2019-03-02 Announcement of revised Accounting Standard No. 21, “Accounting Standard for Business Combinations”
The 400th Corporate Accounting Standards Committee meeting held on January 11, 2019 approved the publication of the following corporate accounting standards and applicable guidelines.

(1) Revised Corporate Accounting Standard No. 21, “Accounting Standard for Business Combinations”
(2) Revised Business Accounting Standard Application Guidelines No. 10 “Application Guidelines for Business Combination Accounting Standards and Business Separation Accounting Standards”
https://www.asb.or.jp/jp/accounting_standards/accounting_standards/y2019/2019-0116.html

2019-02-03 Announcement of the revised “International Standards (Accounting Standards Comprising International Accounting Standards and Modified Accounting Standards by the Corporate Accounting Standards Committee)”
Endorsement procedures were implemented for IFRS 16 and accounting standards published by the IASB between July 1, 2017 and December 31, 2017, held on December 26, 2018 The 399th Corporate Accounting Standards Committee approved the publication of the revised amendment “Amended International Standards (Accounting Standards Comprising International Accounting Standards and Modified Accounting Standards by the Corporate Accounting Standards Committee)”.
https://www.asb.or.jp/jp/accounting_standards/jmis/y2018/2018-1227.html

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