Adoption of ASC 842, Leases, by an Overseas Subsidiary Applying U.S. GAAP
First written in FY2023-Q1. 1 of 3 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「As a result, at the end of the current consolidated fiscal year, lease assets, net, included in property, plant and equipment increased by ¥174 million, while lease obligations included in current liabilities increased by ¥118 million and those included in non-current liabilities increased by ¥59 million.」
The recognition of lease assets and liabilities under ASC 842 was reflected for the full year, with the specific increases disclosed. - FY2023-Q3RestatedAnnual report
「An overseas consolidated subsidiary that applies U.S. GAAP adopted ASC 842, Leases, from the beginning of the first quarter of the current consolidated fiscal year. As a result, the subsidiary recognized, in principle, all leases of which it is the lessee as assets and liabilities on its quarterly consolidated balance sheet.」
An overseas consolidated subsidiary applying U.S. GAAP adopted ASC 842 and continues to recognize lessee leases as assets and liabilities. - FY2023-Q1First statedAnnual report
「ASC 842, Leases, has been applied from the beginning of the first quarter of the current consolidated fiscal year at overseas consolidated subsidiaries that apply U.S. GAAP. As a result, substantially all leases in which these overseas consolidated subsidiaries are lessees are recognized as assets and liabilities on the quarterly consolidated balance sheet, in principle.」
The subsidiary began applying ASC 842 and recognizing lessee leases as assets and liabilities; the impact on profit or loss was described as immaterial.