Assessment of the Impact of Adopting New Accounting Standards for Leases, Financial Instruments and Other Areas
First written in FY2018-Q2. 2 of 5 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2020-Q1.
The whole theme swung hardest in 2025: 7 of 73 companies on the "Worse" side.
18 other companies' latest entry also says "Achieved".
- FY2020-Q1AchievedAnnual report
「Upon adopting IFRS 16, we recognized a right-of-use asset of ¥38,988.207 million and other financial liabilities (lease liabilities) of ¥39,037.445 million at the beginning of the first quarter of the current consolidated fiscal year.」
Adoption of IFRS 16 began, and right-of-use assets and lease liabilities of approximately ¥39 billion each were actually recognized. The company moved from assessing the effects to applying the standard and recording its effects. - FY2019AdvancedAnnual report
「Under this adoption, lessee leases are accounted for under a single accounting model. In principle, all leases must be recognized on the consolidated statement of financial position as right-of-use assets representing the right to use the underlying assets and lease liabilities representing the obligation to pay lease rentals. We estimate that the principal effects on our consolidated financial statements will be increases of approximately ¥39 billion each in right-of-use assets and lease liabilities on the consolidated statement of financial position at the beginning of the period.」
IFRS 16 was scheduled for adoption in the fiscal year ending March 2020, with estimated increases of approximately ¥39 billion each in right-of-use assets and lease liabilities. - FY2019-Q1AdvancedAnnual report
「Our group has applied this standard from the first quarter beginning on 1 April 2018. Under this standard, we adjusted retained earnings at the beginning of the period for the cumulative effect of ¥5,739.166 million in unrealized gains on securities holdings after tax-effect adjustments.」
The new financial instruments standard, ASU 2016-01, was adopted, and the cumulative effect of unrealized gains and losses on securities holdings was adjusted against retained earnings at the beginning of the period. Meanwhile, the effects of the not-yet-adopted leases standard, ASU 2016-02, remain under assessment. - FY2018RestatedAnnual report
「ASU 2016-02 will be applied using the modified retrospective approach from fiscal years beginning on or after 16 December 2018 and the quarters within those fiscal years; early adoption is also permitted. We are currently assessing the effects of applying this guidance.」
We continue to assess the effects of new accounting guidance, including the leases standard, while indicating the timing of adoption. - FY2018-Q2First statedAnnual report
「The new guidance requires lessees to recognize an asset and a liability for leases with terms exceeding 12 months. Presentation and measurement in the financial statements will also depend on whether a lease is classified as a finance lease or an operating lease.」
We newly disclosed that the timing of adoption and the effects on the financial statements of ASU 2016-02, the leases standard, and ASU 2016-01, the financial instruments standard, among others, are under assessment.