Planned Adoption of IFRS 16 and ASU 2016-02
First written in FY2019. 6 of 10 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「“Accounting Standard for Leases” (Accounting Standard No. 34, 13 September 2024) and “Implementation Guidance on Accounting Standard for Leases” (Implementation Guidance No. 33, 13 September 2024) are scheduled to be applied from the beginning of the fiscal year ending February 2029.」
The company disclosed that the new lease accounting standards and related guidance are scheduled to be applied from the beginning of the fiscal year ending February 2029 and that it is evaluating the amount of their impact. - FY2024RestatedAnnual report
「The North American subsidiaries have applied ASU 2016-02, “Leases,” from the current fiscal year.」
The company continues to apply the lease accounting standard at its North American subsidiaries and states that the impact on the consolidated financial statements is immaterial. - FY2024-Q3RestatedAnnual report
「The North American subsidiaries have applied ASU 2016-02, “Leases” (25 February 2016; hereinafter, “ASU 2016-02”), from the first quarter of the fiscal year. With the adoption of ASU 2016-02, lessees recognize assets and liabilities for, in principle, all leases. The impact on the quarterly consolidated financial statements is immaterial.」
The company continues to disclose the adoption of ASU 2016-02 at North American subsidiaries and the immaterial impact on the financial statements. - FY2024-Q2RestatedAnnual report
「The North American subsidiaries have applied ASU 2016-02, “Leases” (25 February 2016; hereinafter, “ASU 2016-02”), from the first quarter of the fiscal year. With the adoption of ASU 2016-02, lessees recognize assets and liabilities for, in principle, all leases. The impact on the quarterly consolidated financial statements is immaterial.」
The company continues to disclose the adoption of ASU 2016-02 at North American subsidiaries and the immaterial impact on the financial statements. - FY2024-Q1AchievedAnnual report
「The North American subsidiaries have applied ASU 2016-02, “Leases” (25 February 2016; hereinafter, “ASU 2016-02”), from the first quarter of the current fiscal year. With the adoption of ASU 2016-02, lessees recognize assets and liabilities for, in principle, all leases. The impact on the quarterly consolidated financial statements is immaterial.」
The North American subsidiaries actually applied ASU 2016-02, which had been scheduled for adoption from the fiscal year ending February 2023, from the first quarter of the current fiscal year. - FY2021RestatedAnnual report
「Subsidiaries applying U.S. GAAP: “Leases” (U.S. GAAP ASU 2016-02) (2) Planned adoption date: Scheduled to be applied from the fiscal year ending February 2023.」
The company continues to disclose the planned adoption of ASU 2016-02 at subsidiaries applying U.S. GAAP from the fiscal year ending February 2023. - FY2020-Q3RestatedAnnual report
「Overseas consolidated subsidiaries that apply International Financial Reporting Standards (IFRS) have applied Leases (IFRS 16) from the beginning of the first quarter of the current consolidated accounting period. As a result of applying the accounting standard, other property, plant and equipment increased by ¥1,035 million, other current liabilities increased by ¥208 million, and other non-current liabilities increased by ¥829 million in the consolidated balance sheet at the end of the third quarter. The impact on the consolidated income statement for the third quarter is immaterial.」
The company has confirmed the continued application of IFRS 16 at overseas consolidated subsidiaries and the amount of its impact as of the end of the current quarter. - FY2020-Q2RestatedAnnual report
「At overseas consolidated subsidiaries that apply International Financial Reporting Standards (IFRS), “Leases” (IFRS 16) has been applied from the beginning of the first quarter of the fiscal year.」
The company continues to confirm the status of the planned IFRS 16 adoption announced in the previous fiscal year after its implementation at overseas consolidated subsidiaries. - FY2020-Q1AdvancedAnnual report
「Overseas consolidated subsidiaries that apply International Financial Reporting Standards (IFRS) have applied “Leases” (IFRS 16) from the beginning of the first quarter of the current consolidated fiscal year. As a result of applying the standard, other property, plant and equipment increased by ¥1,255 million, other current liabilities increased by ¥251 million, and other non-current liabilities increased by ¥1,005 million in the consolidated balance sheet at the end of the first quarter. The impact on the consolidated income statement for the first quarter was immaterial.」
Regarding the planned adoption of IFRS 16 announced in the previous fiscal year, overseas consolidated subsidiaries actually began applying it from the beginning of the current quarter. The impact on the balance sheet has also been disclosed. - FY2019First statedAnnual report
「IFRS 16 is scheduled to be applied from the beginning of the fiscal year ending February 2020. ASU 2016-02 is scheduled to be applied from the beginning of the fiscal year ending February 2022.」
The Company specifies for the first time the planned adoption dates for IFRS 16 and ASU 2016-02, standards that generally require lessees to recognize leases on the balance sheet as assets and liabilities.