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

First Accounting to support NH Foods' compliance with the new lease accounting standard using AI

NH Foods adopted First Accounting's AI solution "Steward: New Lease Accounting Standard" to comply with the new lease accounting standard for approximately 1,000 contracts annually. The solution supports contract review and lease determination, and transfers CSV data for asset registration to the existing "ProPlus" system.

Worth reading
66In 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
Approximately 1,000 contracts annually
Wording
Conditional
How definitive the wording is.

Announced details

Steward: New Lease Accounting StandardsRobota seriesProPlus (on-premises version)
Applicable field (uses covered by this announcement)

Compliance with the new lease accounting standard, contract review, lease determination, asset registration, accounting operations

What the company reported numerically
Usage history

NH Foods has been using the "Robota" series for some time.

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

NH Foods uses First Accounting products and has been using the "Robota" series for some time. It has now adopted "Steward: New Lease Accounting Standard."

CounterpartyNH Foods Ltd.

Head office: Osaka City, Osaka Prefecture; Representative Director and President: Maeda Fumio (前田文男). The company uses IFRS for consolidated financial reporting. It has approximately 40 domestic subsidiaries.

Location (as indicated in this announcement)

Approximately 40 domestic subsidiaries; approximately 1,000 contracts annually

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

Announced details
ItemDetails
Names of Products / Services CoveredSteward: New Lease Accounting Standards, Robota series, ProPlus (on-premises version)
CounterpartyNH Foods Ltd.
Counterparty overviewHead office: Osaka City, Osaka Prefecture; Representative Director and President: Maeda Fumio (前田文男). The company uses IFRS for consolidated financial reporting. It has approximately 40 domestic subsidiaries.
Relationship with the CompanyNH Foods uses First Accounting products and has been using the "Robota" series for some time. It has now adopted "Steward: New Lease Accounting Standard."
Applicable areaCompliance with the new lease accounting standard, contract review, lease determination, asset registration, accounting operations
Location scaleApproximately 40 domestic subsidiaries; approximately 1,000 contracts annually
Usage historyNH Foods has been using the "Robota" series for some time.
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.

NH Foods reviewed its previous Excel-centered approach to contract management, including that of approximately 40 domestic subsidiaries, to enable AI-assisted lease determination and CSV data transfer to its existing systems. The company had already been using First Accounting's "Robota" series, and its confidence in the products was also cited as a reason for the adoption.

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First Accounting to support NH Foods' compliance with the new lease accounting standard using AI | Fast Accounting Co.,Ltd. (5588) timely disclosure | Komori