Application of ASC 842 Lease Accounting to the U.S. Subsidiary
First written in FY2021-Q1. 3 of 4 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「For leases held by foreign consolidated subsidiaries that apply U.S. GAAP, the company applies lease accounting under ASC 842. For operating leases, right-of-use assets and lease liabilities are recognized based on the present value of lease payments over the lease term, and lease expense is recognized on a straight-line basis over the lease term.」
The application of ASC 842 to the U.S. subsidiary continued throughout the fiscal year, with right-of-use assets of ¥704.036 million and total lease liabilities of ¥935.755 million recognized. - FY2021-Q3RestatedAnnual report
「A foreign consolidated subsidiary that applies U.S. GAAP has applied lease accounting under ASC 842 from the beginning of the first quarter of the current consolidated fiscal year.」
The application of ASC 842 lease accounting to the U.S. subsidiary continued. At the end of the third quarter, right-of-use assets of ¥727.571 million and total lease liabilities of ¥974.523 million were recognized. - FY2021-Q2RestatedAnnual report
「A foreign consolidated subsidiary that applies U.S. GAAP has applied lease accounting under ASC 842 from the beginning of the first quarter of the current consolidated fiscal year.」
The application of ASC 842 to the U.S. subsidiary continued. At the end of the second quarter, right-of-use assets of ¥813.586 million and total current and non-current lease liabilities of ¥1,081.074 million were recognized. - FY2021-Q1First statedAnnual report
「A foreign consolidated subsidiary that applies U.S. GAAP has applied lease accounting under ASC 842 from the beginning of the first quarter of the current consolidated fiscal year.」
ASC 842 was applied to the U.S. subsidiary from the beginning of the fiscal year, and right-of-use assets of ¥980.517 million and current and non-current lease liabilities were recognized on the balance sheet.