Preparation for adoption of IFRS 16 in the fiscal year ending March 2020
First written in FY2019. 1 of 2 entries say "Achieved", first in FY2020-Q1. Latest entry: FY2020-Q1.
The whole theme swung hardest in 2025: 6 of 19 companies on the "Worse" side.
24 other companies' latest entry also says "Achieved".
- FY2020-Q1AchievedAnnual report
「Our Group has applied IFRS 16 Leases to the accounting treatment of leases from the first quarter of the current consolidated fiscal year. In applying IFRS 16, we have adopted the method of recognizing the cumulative effect of application on 1 April 2019, the date of initial application, in accordance with the transitional provisions, without restating the previous consolidated fiscal year.」
Applied IFRS 16, which had been scheduled for the previous fiscal year, from 1 April 2019. Recognized right-of-use assets of ¥177.469 billion and lease liabilities of ¥180.831 billion on the date of initial application. - FY2019First statedAnnual report
「Our Group will apply IFRS 16 Leases from the fiscal year ending March 2020. For the adoption of IFRS 16, we will recognize the cumulative effect on 1 April 2019 in accordance with the transitional provisions prescribed by the standard, without restating prior periods. As a result, on the consolidated statement of financial position, right-of-use assets and lease liabilities are each expected to increase by approximately ¥180 billion as of 1 April 2019, the date of initial application of IFRS 16.」
Disclosed the expected adoption of IFRS 16 from the fiscal year ending March 2020 and the expected increase of approximately ¥180 billion each in right-of-use assets and lease liabilities as of 1 April 2019.