Impact of Applying the New Lease Standard to U.S. Subsidiaries
First written in FY2019. 1 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2023.
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
10 other companies' latest entry also says "Achieved".
- FY2023AchievedAnnual report
「At Round One Entertainment Inc., our US subsidiary and a consolidated subsidiary, we have applied Accounting Standards Codification 842, Leases, issued by the Financial Accounting Standards Board, hereinafter ASC 842, from the end of the current consolidated fiscal year. We have adopted the method of recognizing, from the beginning of the fiscal year, the cumulative effect of applying the standard as permitted under the transitional provisions.」
Applied the new lease standard, ASC 842, to the US subsidiary and recognized right-of-use assets of ¥28,392 million and lease liabilities of ¥36,313 million, among other items. - FY2022AdvancedAnnual report
「Scheduled to be applied from the fiscal year-end in March 2023.」
The expected application date for the new lease standard under US GAAP became more specific: the fiscal year-end in March 2023. The amount of the impact was still being assessed. - FY2019First statedAnnual report
「This accounting standard affects overseas consolidated subsidiaries that apply US GAAP.」
Disclosed that the new lease standard under US GAAP was scheduled to be applied from consolidated fiscal years beginning on or after 1 April 2020, and that the amount of the impact could not be estimated at that time.