Application of US Lease Accounting Standards at Overseas Subsidiaries
First written in FY2023-Q1. 1 of 2 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2025: 3 of 6 companies on the "Worse" side.
39 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「An overseas subsidiary that applies U.S. GAAP has applied U.S. GAAP ASU No. 2016-02, Leases (25 February 2016, hereinafter "ASU No. 2016-02"), from the beginning of the first-quarter consolidated accounting period. Under ASU No. 2016-02, lessees generally recognize assets and liabilities for all leases. In applying the standard, the company adopted the permitted transitional method of recognizing the cumulative effect of applying the standard on the date of initial application. The impact on the quarterly consolidated financial statements was immaterial.」
The company continued to explain the application of U.S. lease accounting standards by an overseas subsidiary and their immaterial impact on the financial statements. - FY2023-Q1First statedAnnual report
「An overseas subsidiary that applies U.S. GAAP has applied U.S. GAAP ASU No. 2016-02, Leases (25 February 2016, hereinafter "ASU No. 2016-02"), from the beginning of the first-quarter consolidated accounting period.」
An overseas subsidiary applying U.S. GAAP adopted ASU No. 2016-02, Leases, from the beginning of the first-quarter consolidated accounting period, and stated that its impact on the financial statements was immaterial.