Application of ASC 842, Leases, at Overseas Subsidiaries Using U.S. GAAP
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.
32 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「An overseas subsidiary that applies U.S. accounting standards has adopted ASC 842, Leases, from the beginning of the first-quarter consolidated accounting period. As a result, in principle, all leases entered into by the lessee at the overseas consolidated subsidiary are recognized as assets and liabilities on the balance sheet. The impact on the quarterly consolidated financial statements is immaterial.」
The policy of applying ASC 842, Leases, at the U.S. overseas subsidiary and the immaterial impact on the quarterly consolidated financial statements were reconfirmed. - FY2023-Q2RestatedAnnual report
「An overseas subsidiary that applies U.S. accounting standards has adopted ASC 842, Leases, from the beginning of the first-quarter consolidated accounting period. As a result, in principle, all leases entered into by the lessee at the overseas consolidated subsidiary are recognized as assets and liabilities on the balance sheet. The impact on the quarterly consolidated financial statements is immaterial.」
The policy of applying ASC 842, Leases, at the U.S. overseas subsidiary and the immaterial impact on the financial statements were reconfirmed. - FY2023-Q1First statedAnnual report
「An overseas subsidiary that applies U.S. accounting standards has adopted ASC 842, Leases, from the beginning of the first-quarter consolidated accounting period. As a result, in principle, all leases entered into by the lessee at the overseas consolidated subsidiary are recognized as assets and liabilities on the balance sheet. The impact on the quarterly consolidated financial statements is immaterial.」
For overseas subsidiaries applying U.S. accounting standards, the accounting policy of adopting ASC 842, Leases, from the beginning of the period and recognizing lessee leases as assets and liabilities in principle was described for the first time.