Planned adoption of US GAAP Topic 842 by a US affiliate
First written in FY2022. 3 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The US affiliate has applied Leases (US GAAP Topic 842) from the beginning of the current consolidated fiscal year.」
The Company has implemented Topic 842, which had been scheduled for adoption, and disclosed its impact on the financial statements. - FY2023-Q3RestatedAnnual report
「Upon adoption of U.S. GAAP Topic 842, lessees generally recognize all leases as assets and liabilities.」
The Company continues to disclose the application of Topic 842 by its U.S. affiliates, reporting increases at the end of the third quarter of ¥270 million in intangible fixed assets, ¥148 million in current liabilities and ¥121 million in lease obligations. - FY2023-Q2RestatedAnnual report
「Upon adoption of U.S. GAAP Topic 842, lessees generally recognize all leases as assets and liabilities.」
The Company continues to disclose the application of Topic 842 by its U.S. affiliates, reporting increases at the end of the second quarter of ¥370 million in intangible fixed assets, ¥220 million in current liabilities and ¥149 million in lease obligations. - FY2023-Q1AchievedAnnual report
「The Company's U.S. affiliates have applied Leases (U.S. GAAP Topic 842) from the beginning of the first quarter of the current fiscal year.」
U.S. GAAP Topic 842, which had been scheduled for adoption from the beginning of the fiscal year ending March 2023, has actually been applied from the beginning of the first quarter of the current fiscal year. - FY2022First statedAnnual report
「U.S. affiliates: Leases (U.S. GAAP Topic 842). Adoption date: The standard will be adopted from the beginning of the fiscal year ending March 2023.」
The Company first disclosed its plan for U.S. affiliates to adopt U.S. GAAP Topic 842 from the beginning of the fiscal year ending March 2023, under which lessees recognize leases as assets and liabilities.