Application of IFRS 16, “Leases”
First written in FY2020-Q2. 2 of 5 entries say "Restated". Latest entry: FY2026.
Wacom moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2021: 3 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「• Accounting Standard for Leases (Accounting Standards Board of Japan, Accounting Standard No. 34, 13 September 2024) … (2) Scheduled effective date: The standard will be applied from the beginning of the fiscal year ending March 2028.」
In addition to the previous descriptions of the application of IFRS 16 and ASU 2016-02 at overseas subsidiaries, the company stated that it plans to apply Japan's new lease accounting standard from the fiscal year ending March 2028. - FY2023-Q2RestatedAnnual report
「At overseas consolidated subsidiaries applying U.S. GAAP, ASU 2016-02 Leases has been applied from the first quarter of the fiscal year. As a result, lessees generally recognize assets and liabilities for all leases.」
The application of ASU 2016-02 Leases and recognition of lease assets and liabilities continue at overseas consolidated subsidiaries applying U.S. GAAP. - FY2023-Q1ReframedAnnual report
「At overseas consolidated subsidiaries applying U.S. GAAP, ASU 2016-02 Leases has been applied from the first quarter of the fiscal year. As a result, lessees generally recognize assets and liabilities for all leases.」
In addition to the previous application of IFRS 16, overseas consolidated subsidiaries applying U.S. GAAP began applying ASU 2016-02 Leases, expanding the scope of leases for which lease assets and liabilities are recognized. - FY2020-Q3RestatedAnnual report
「At overseas consolidated subsidiaries applying IFRS, IFRS 16 Leases has been applied from the first quarter of the fiscal year. As a result, lessees generally recognize assets and liabilities for all leases.」
The company has reconfirmed the application of IFRS 16 from the first quarter at overseas consolidated subsidiaries and the policy of recognizing lease assets and liabilities. - FY2020-Q2First statedAnnual report
「At overseas consolidated subsidiaries applying IFRS, IFRS 16 Leases has been applied from the first quarter of the fiscal year. As a result, lessees generally recognize assets and liabilities for all leases.」
Overseas consolidated subsidiaries began applying IFRS 16 from the first quarter, resulting in increases in property, plant and equipment, current liabilities and non-current liabilities at the end of the second quarter.