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