Adoption of IFRS 16, Leases
First written in FY2020-Q2. 2 of 4 entries say "Restated". Latest entry: FY2025.
Nitta 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".
- FY2025ReframedAnnual report
「The Accounting Standard for Leases (ASBJ Statement No. 34, 13 September 2024) and other related accounting standards are scheduled to be applied from the beginning of the fiscal year ending March 2028.」
In addition to continuing to apply IFRS 16, the company plans to apply Japan's new lease accounting standard from the beginning of the fiscal year ending March 2028. The impact is currently being assessed. - FY2020RestatedAnnual report
「A subsidiary applying International Financial Reporting Standards has applied International Financial Reporting Standard 16, Leases, from the current consolidated fiscal year.」
The company continued applying IFRS 16 for the full fiscal year and recognised right-of-use assets and lease liabilities. The impact on profit or loss was considered immaterial. - FY2020-Q3RestatedAnnual report
「As a result, other property, plant and equipment, net, increased by ¥1,103 million at the end of the third quarter of the consolidated fiscal year, while other current liabilities increased by ¥208 million and other non-current liabilities by ¥906 million. The impact on profit or loss for the nine months ended the third quarter was immaterial.」
The company continues to apply IFRS 16, Leases, and has updated the impact on assets and liabilities as of the end of the third quarter. The impact on profit or loss remains immaterial. - FY2020-Q2First statedAnnual report
「A subsidiary applying International Financial Reporting Standards has applied International Financial Reporting Standard 16, Leases, from the first quarter of the consolidated fiscal year. As a result, lessees are generally required to recognise all leases as assets and liabilities on the balance sheet.」
A subsidiary applying IFRS adopted IFRS 16 from the first quarter. As of the end of the second quarter, other property, plant and equipment increased by ¥1,153 million, other current liabilities by ¥218 million, and other non-current liabilities by ¥943 million. The impact on profit or loss was described as immaterial.