Application of Lease Accounting Standards to Overseas Consolidated Subsidiaries
First written in FY2020-Q1. 1 of 3 entries say "Advanced", first in FY2020. Latest entry: FY2024.
The whole theme swung hardest in 2025: 4 of 17 companies on the "Worse" side.
24 other companies' latest entry also says "Other".
- FY2024Disclosure of planned adoption of the new domestic lease accounting standardAnnual report
「The “Accounting Standard for Leases” (Accounting Standard No. 34, 13 September 2024), the “Implementation Guidance on Accounting Standard for Leases” (Implementation Guidance No. 33, 13 September 2024) and other related standards will be applied from the beginning of the fiscal year ending October 2028.」
Separately from the existing application of lease accounting to overseas subsidiaries, the company disclosed plans to apply the new domestic lease accounting standard from the beginning of the fiscal year ending October 2028. The impact is under assessment. - FY2020AdvancedAnnual report
「From the beginning of the current consolidated fiscal year, overseas consolidated subsidiaries have applied “Leases” under IFRS 16 and “Leases” under US GAAP ASU 2016-02. As a result, lessees are required, in principle, to recognize all leases as assets and liabilities on the balance sheet.」
The application of lease accounting to overseas subsidiaries was reflected in the full-year results, with financial statement impacts including an increase of ¥9,706 million in right-of-use assets and increases in lease liabilities and other items. - FY2020-Q1First statedAnnual report
「From the beginning of the first quarter of the current consolidated accounting period, overseas consolidated subsidiaries have applied “Leases” under IFRS 16 and US GAAP ASU 2016-02. As a result, lessees are required, in principle, to recognize all leases as assets and liabilities on the balance sheet.」
The company disclosed a change in accounting policy under which lease accounting standards were applied to overseas consolidated subsidiaries from the beginning of the first quarter, with all leases generally recognized as assets and liabilities on the balance sheet. The adoption increased property, plant and equipment and lease liabilities, among other items.