Planned Adoption of New Lease Accounting Standards
First written in FY2018. 2 of 5 entries say "Achieved", first in FY2020-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2021: 3 of 8 companies on the "Worse" side.
7 other companies' latest entry also says "Achieved".
- FY2023AchievedAnnual report
「The overseas consolidated subsidiaries that use U.S. GAAP have applied ASC 842, “Leases,” from the current fiscal year. As a result, in principle, all lessee lease transactions at those overseas consolidated subsidiaries are recognized as assets and liabilities on the consolidated balance sheet.」
The previously postponed adoption of Topic 842 began in the current fiscal year, and the impact was described as immaterial. - FY2022RestatedAnnual report
「Topic 842 was scheduled to be applied from the fiscal year ending November 2023.」
The company reconfirmed the planned adoption of Topic 842 by its overseas consolidated subsidiaries in the fiscal year ending November 2023 and that the impact is being assessed. - FY2021SoftenedAnnual report
「Topic 842 was scheduled to be applied from the fiscal year ending November 2023.」
While the adoption of IFRS 16 had already been disclosed, the planned adoption of Topic 842 by the overseas consolidated subsidiaries was postponed from the fiscal year ending November 2021 to the fiscal year ending November 2023. - FY2020-Q1AchievedAnnual report
「The Company's subsidiaries applying IFRS have adopted IFRS 16, “Leases,” from the current first-quarter consolidated accounting period. As a result, lessees are now required, in principle, to recognize all leases as assets and liabilities.」
The planned adoption of IFRS 16 began in the first quarter, and the accounting treatment of recognizing lessee leases as assets and liabilities, in principle, was introduced. - FY2018First statedAnnual report
「“Leases” (IFRS 16) and “Leases” (Topic 842) require lessees, in principle, to recognize all leases as assets and liabilities on the balance sheet. IFRS 16 was scheduled to be applied from the fiscal year ending November 2020, and Topic 842 from the fiscal year ending November 2021.」
The company disclosed the planned adoption of IFRS 16 and Topic 842 by its overseas consolidated subsidiaries and the resulting change in the accounting treatment for recognizing lessee leases as assets and liabilities.