Application of Lease Accounting Standard ASU No. 2016-02
First written in FY2023-Q1. 2 of 4 entries say "Restated". Latest entry: FY2025.
Idemitsu Kosan 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 2021: 2 of 11 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「The Accounting Standard for Leases (ASBJ Statement No. 34) and related standards will be applied from the beginning of the fiscal year ending March 2028.」
Separately from the application of ASU No. 2016-02 to U.S. subsidiaries, the Company disclosed plans to apply Japan's new lease accounting standard from the fiscal year ending March 2028. - FY2023-Q3RestatedAnnual report
「The standard is applied primarily to overseas consolidated subsidiaries in the United States, but the impact of adoption is immaterial.」
The application of Lease Accounting Standards Update (ASU) No. 2016-02, primarily to overseas consolidated subsidiaries in the United States, was reconfirmed, and the impact was described as immaterial. - FY2023-Q2RestatedAnnual report
「(Leases, ASU No. 2016-02) This accounting standard generally requires lessees to recognize assets and liabilities for all leases. It is applied mainly to consolidated overseas subsidiaries in the United States, but the impact of its application is immaterial.」
The application of lease accounting standards, primarily to overseas consolidated subsidiaries in the United States, was reconfirmed, and the impact was described as immaterial. - FY2023-Q1First statedAnnual report
「(Leases, ASU No. 2016-02) This accounting standard generally requires lessees to recognize assets and liabilities for all leases. It is applied mainly to consolidated overseas subsidiaries in the United States, but the impact of its application is immaterial.」
For the first time, the application of Lease Accounting Standards Update (ASU) No. 2016-02, primarily to overseas consolidated subsidiaries in the United States, was disclosed as a standalone topic. The impact of adoption was described as immaterial.