Adoption of IFRS 16 “Leases”
First written in FY2020-Q1. 6 of 10 entries say "Restated". Latest entry: FY2025.
DaikyoNishikawa moved to the "Worse" side of this theme in 2025, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 6 of 19 companies on the "Worse" side.
8 other companies' latest entry also says "Reframed".
- FY2025Added plans to address the new lease accounting standard under Japanese GAAPAnnual report
「The company is currently assessing the impact on the consolidated financial statements of applying the Accounting Standard for Leases and related standards.」
The company disclosed plans to apply IFRS 16 and ASC 842, as well as the new lease accounting standard under Japanese GAAP, from the start of the fiscal year ending March 2028. The amount of the impact is under review. - FY2023AchievedAnnual report
「A foreign subsidiary applying U.S. GAAP has adopted ASC 842 “Leases” from the fiscal year under review. As a result, for lease transactions as a lessee, the subsidiary recognizes assets and liabilities for, in principle, all leases.」
The US GAAP subsidiary began applying ASC 842 at the start of the fiscal year. At fiscal year-end, investments and other assets had increased by ¥513 million, current liabilities by ¥23 million, and non-current liabilities by ¥489 million. - FY2023-Q3RestatedAnnual report
「A foreign subsidiary applying U.S. GAAP has adopted ASC 842 “Leases” from the first quarter of the fiscal year under review. As a result, for lease transactions as a lessee, the subsidiary recognizes assets and liabilities for, in principle, all leases.」
The company continues to disclose the application of ASC 842 by its U.S. GAAP-reporting subsidiary. As of the end of the third quarter of the fiscal year under review, other investments and other assets increased by ¥567 million, other current liabilities by ¥25 million and other non-current liabilities by ¥541 million. - FY2023-Q2RestatedAnnual report
「A foreign subsidiary applying U.S. GAAP has adopted ASC 842 “Leases” from the first quarter of the fiscal year under review. As a result, for lease transactions as a lessee, the subsidiary recognizes assets and liabilities for, in principle, all leases.」
The company continues to disclose the application of ASC 842 by its U.S. GAAP-reporting subsidiary. At the end of the second quarter of the fiscal year under review, investments and other assets increased by ¥553 million, current liabilities by ¥33 million and non-current liabilities by ¥520 million, with no impact on profit or loss. - FY2023-Q1ReframedAnnual report
「A foreign subsidiary applying U.S. GAAP has adopted ASC 842 “Leases” (hereinafter, ASC 842) from the first quarter of the fiscal year under review. As a result, for lease transactions as a lessee, the subsidiary recognizes assets and liabilities for, in principle, all leases.」
In addition to subsidiaries applying IFRS 16, a foreign subsidiary applying U.S. GAAP began applying ASC 842 “Leases,” expanding the scope of lease accounting standards. As a result of the application, other investments and other assets increased by ¥503 million, other current liabilities by ¥29 million and other non-current liabilities by ¥473 million. - FY2021RestatedAnnual report
「A subsidiary applying International Financial Reporting Standards has adopted IFRS 16 “Leases” from the fiscal year under review. Consequently, at the end of the fiscal year under review, lease assets increased by ¥718 million, lease liabilities (the total of current and non-current liabilities) increased by ¥330 million, and intangible fixed assets decreased by ¥391 million.」
The company continued to disclose the full-year application of IFRS 16 “Leases,” including increases of ¥718 million in lease assets and ¥330 million in lease liabilities. - FY2020RestatedAnnual report
「A subsidiary applying International Financial Reporting Standards has adopted IFRS 16 “Leases” from the fiscal year under review. Consequently, at the end of the fiscal year under review, lease assets increased by ¥718 million, lease liabilities (the total of current and non-current liabilities) increased by ¥330 million, and intangible fixed assets decreased by ¥391 million.」
The company disclosed the full-year application of IFRS 16, including increases of ¥718 million in lease assets and ¥330 million in lease liabilities. - FY2020-Q3RestatedAnnual report
「A subsidiary applying International Financial Reporting Standards has adopted IFRS 16 “Leases” (hereinafter, IFRS 16) from the first quarter of the fiscal year under review. As a result, for lease transactions as a lessee, the subsidiary recognizes assets and liabilities for, in principle, all leases. In applying IFRS 16, the subsidiary elected the transitional approach of recognizing the cumulative effect of applying the standard at the date of initial application. Consequently, at the end of the third quarter of the fiscal year under review, lease assets increased by ¥653 million, lease liabilities (the total of current and non-current liabilities) increased by ¥269 million, and intangible fixed assets decreased by ¥387 million. The impact on profit or loss for the first nine months of the fiscal year under review was immaterial.」
The company continues to disclose the application of IFRS 16 by its IFRS-reporting subsidiary. As of the end of the third quarter, lease assets had increased by ¥653 million, lease liabilities by ¥269 million and intangible fixed assets had decreased by ¥387 million. - FY2020-Q2RestatedAnnual report
「A subsidiary applying International Financial Reporting Standards has adopted IFRS 16 “Leases” (hereinafter, IFRS 16) from the first quarter of the fiscal year under review. As a result, at the end of the second quarter of the fiscal year under review, lease assets increased by ¥676 million, lease liabilities (the total of current and non-current liabilities) increased by ¥280 million, and intangible fixed assets decreased by ¥396 million. The impact on profit or loss for the first six months of the fiscal year under review was immaterial.」
The company continues to disclose the application of IFRS 16 by its IFRS-reporting subsidiary. As of the end of the second quarter, lease assets had increased by ¥676 million, lease liabilities by ¥280 million and intangible fixed assets had decreased by ¥396 million. - FY2020-Q1First statedAnnual report
「A subsidiary applying International Financial Reporting Standards has adopted IFRS 16 “Leases” (hereinafter, IFRS 16) from the first quarter of the fiscal year under review. As a result, for lease transactions as a lessee, the subsidiary recognizes assets and liabilities for, in principle, all leases. Consequently, at the beginning of the first quarter of the fiscal year under review, lease assets increased by ¥513 million, lease liabilities (the total of current and non-current liabilities) increased by ¥105 million, and intangible fixed assets decreased by ¥408 million. The impact on profit or loss for the first nine months of the fiscal year under review was immaterial.」
A subsidiary applying IFRS adopted IFRS 16 from the quarter under review, increasing lease assets by ¥513 million and lease liabilities by ¥105 million and reducing intangible fixed assets by ¥408 million. The impact on profit or loss was described as immaterial.