Application of ASU 2016-02 (Topic 842) to US Subsidiaries
First written in FY2023-Q2. 1 of 2 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「At overseas subsidiaries applying U.S. GAAP, ASU 2016-02, "Leases (Topic 842)," was applied from the beginning of the first quarter of the consolidated fiscal year. Lessees are required, in principle, to recognize all leases as assets and liabilities on the consolidated balance sheet.」
The company continues to apply Topic 842 to its overseas subsidiaries in the United States and reported its impact as of the end of the third quarter, including right-of-use assets of ¥918,686 million and lease liabilities of ¥950,364 million. - FY2023-Q2First statedAnnual report
「At overseas subsidiaries applying U.S. GAAP, ASU 2016-02, "Leases (Topic 842)," was applied from the beginning of the first quarter of the consolidated fiscal year. Lessees are required, in principle, to recognize all leases as assets and liabilities on the consolidated balance sheet.」
The U.S. GAAP subsidiaries applied Topic 842 from the beginning of the first quarter of the fiscal year ending February 2023. As of the end of the second quarter, the company reported increases of ¥852,602 million in right-of-use assets, ¥880,219 million in lease liabilities and ¥35,032 million in retained earnings at the beginning of the period.