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Other Disclosures5588Fast Accounting Co.,Ltd.Information and Communications, Services and Others

Nagase & Co. Adopts Integration Solution Linking “ProPlus+” and “Steward New Lease Accounting Standards” for Compliance with the New Lease Accounting Standard

Nagase & Co. adopted Proship’s “ProPlus+” and First Accounting’s “Steward New Lease Accounting Standards” to comply with the new lease accounting standards. The initiative will integrate the two products to centralise and standardise the identification, assessment and management of lease contracts across the group.

Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
1000
More than [number] companies (number of companies using ProPlus+, including group companies)
Wording
Conditional
How definitive the wording is.

Announced details

ProPlus+ (SaaS for compliance with the new lease accounting standards)Steward: New Lease Accounting StandardSteward
Applicable field (uses covered by this announcement)

Compliance with the new lease accounting standards, lease contract management, lease assessment, lease management, accounting and tax, group governance, accounting operations

What the company reported numerically
Usage history

Approximately 1.5 years after its launch in December 2024, ProPlus+ has surpassed 1,000 adopting companies, including group companies.

Relationship between the counterparty and the company
Fast Accounting Co.,Ltd.5588
Relationship with the Company

A customer of Nagase & Co. that adopted products from Proship and First Accounting. No capital or personnel relationship is disclosed.

CounterpartyNAGASE & CO.,LTD.

Head office: Chuo-ku, Tokyo. Representative Director and President: Ueshima Hiroyuki (上島 宏之). The company has more than 100 group companies across approximately 25 countries and regions worldwide, and operates businesses including chemicals, electronics, mobility, energy, food, medical and biotech.

Location (as indicated in this announcement)

Nagase & Co. has more than 100 group companies across approximately 25 countries and regions worldwide

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Announced details
ItemDetails
Names of Products / Services CoveredProPlus+ (SaaS for compliance with the new lease accounting standards), Steward: New Lease Accounting Standard, Steward
CounterpartyNAGASE & CO.,LTD.
Counterparty overviewHead office: Chuo-ku, Tokyo. Representative Director and President: Ueshima Hiroyuki (上島 宏之). The company has more than 100 group companies across approximately 25 countries and regions worldwide, and operates businesses including chemicals, electronics, mobility, energy, food, medical and biotech.
Relationship with the CompanyA customer of Nagase & Co. that adopted products from Proship and First Accounting. No capital or personnel relationship is disclosed.
Applicable areaCompliance with the new lease accounting standards, lease contract management, lease assessment, lease management, accounting and tax, group governance, accounting operations
Location scaleNagase & Co. has more than 100 group companies across approximately 25 countries and regions worldwide
Usage historyApproximately 1.5 years after its launch in December 2024, ProPlus+ has surpassed 1,000 adopting companies, including group companies.
Items this document does not state (11)
Contract ValueOffering priceContract DateLaunch dateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateLocationQuantitative EffectsImpact on Business PerformanceSource

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Nagase & Co. decided to adopt the products to strengthen contract management and governance across the group, comply with the new lease accounting standards, improve the visibility of contract information, establish consistent assessment criteria and centralise management through an SSC. The stated reasons for adoption include an operating model that can be used at group level, AI-assisted contract assessment, comprehensive functionality and a proven implementation track record.

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Nagase & Co. Adopts Integration Solution Linking “ProPlus+” and “Steward New Lease Accounting Standards” for Compliance with the New Lease Accounting Standard | Fast Accounting Co.,Ltd. (5588) timely disclosure | Komori