Application of ASC 842, “Leases,” at Overseas Consolidated Subsidiaries
First written in FY2023-Q1. 2 of 3 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「At an overseas consolidated subsidiary that applies U.S. GAAP, ASC 842, “Leases,” has been applied since the first quarter of the current consolidated fiscal year. As a result, in principle, all leases for lessees are recognized as assets and liabilities on the consolidated balance sheet. The Company adopted the transition method under which the cumulative effect permitted as a transitional measure is recognized on the date of initial application. As a result, other property, plant and equipment increased by ¥29,310 million, other current liabilities increased by ¥5,292 million, and other non-current liabilities increased by ¥23,580 million on the consolidated balance sheet for the third quarter of the current consolidated fiscal year.」
Application of ASC 842, “Leases,” continued, and the impact on the balance sheet at the end of the third quarter was disclosed. - FY2023-Q2RestatedAnnual report
「At an overseas consolidated subsidiary that applies U.S. GAAP, ASC 842, “Leases,” has been applied since the first quarter of the current consolidated fiscal year. As a result, in principle, all leases for lessees are recognized as assets and liabilities on the consolidated balance sheet. Consequently, other property, plant and equipment increased by ¥23,531 million, other current liabilities increased by ¥3,614 million, and other non-current liabilities increased by ¥19,669 million on the consolidated balance sheet at the end of the second quarter of the current consolidated fiscal year.」
Application of ASC 842 continued, and the impact on the balance sheet at the end of the second quarter was disclosed. The impact on profit or loss was considered immaterial. - FY2023-Q1First statedAnnual report
「At an overseas consolidated subsidiary that applies U.S. GAAP, ASC 842, “Leases,” has been applied from the first quarter of the current consolidated fiscal year. As a result, in principle, all leases for lessees are recognized as assets and liabilities on the consolidated balance sheet. The Company adopted the transition method under which the cumulative effect permitted as a transitional measure is recognized on the date of initial application. As a result, other property, plant and equipment increased by ¥19,983 million, other current liabilities increased by ¥2,674 million, and other non-current liabilities increased by ¥17,110 million on the consolidated balance sheet for the first quarter of the current consolidated fiscal year. The effect of this change on profit or loss for the cumulative first-quarter period was immaterial.」
At an overseas consolidated subsidiary applying U.S. GAAP, ASC 842, “Leases,” was applied from the beginning of the first quarter of the current consolidated fiscal year. Leases for lessees were, in principle, recognized as assets and liabilities, resulting in increases in other property, plant and equipment, other current liabilities, and other non-current liabilities.