Application of Lease Accounting Standards at Overseas Subsidiaries
First written in FY2019. 2 of 6 entries say "Restated". Latest entry: FY2022.
Japan Electronic Materials moved to the "Worse" side of this theme in 2020.
The whole theme swung hardest in 2021: 3 of 8 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「U.S. subsidiary: “Leases” (U.S. GAAP, ASU No. 2016-02), planned for application from the fiscal year ending March 2023」
The planned timing for the U.S. subsidiary’s application of ASU No. 2016-02 is the fiscal year ending March 2023, unchanged from the previous year’s disclosure. - FY2021SoftenedAnnual report
「U.S. subsidiary: “Leases” (U.S. GAAP, ASU No. 2016-02), planned for application from the fiscal year ending March 2023」
The planned timing for the U.S. subsidiary’s application of ASU No. 2016-02 was pushed back from the previous fiscal year ending March 2022 to the fiscal year ending March 2023. - FY2020-Q3SoftenedAnnual report
「The U.S. subsidiary was scheduled to apply “Leases” (ASU No. 2016-02) from the fiscal year ending March 2022.」
The planned timing for the U.S. subsidiary’s application of ASU No. 2016-02 was pushed back from the fiscal year ending March 2021, as stated for FY2020-Q2, to the fiscal year ending March 2022. The overseas consolidated subsidiaries other than those in the United States continued applying IFRS 16. - FY2020-Q2RestatedAnnual report
「As a result of applying the accounting standard, “other” under property, plant and equipment increased by ¥146 million, “other” under current liabilities increased by ¥63 million, and “other” under non-current liabilities increased by ¥82 million in the consolidated balance sheet for the second quarter. The U.S. subsidiary was scheduled to apply “Leases” (ASU No. 2016-02) from the fiscal year ending March 2021.」
The overseas consolidated subsidiaries other than those in the United States continued applying IFRS 16, and the increases in right-of-use assets and lease liabilities were disclosed. The U.S. subsidiary was scheduled to apply ASU No. 2016-02 from the fiscal year ending March 2021. - FY2020-Q1AdvancedAnnual report
「Overseas consolidated subsidiaries other than those in the United States have applied “Leases” (IFRS 16) from the beginning of the first quarter consolidated accounting period.」
The overseas consolidated subsidiaries other than those in the United States began applying IFRS 16. Right-of-use assets increased by ¥157 million, current liabilities by ¥69 million, and non-current liabilities by ¥88 million. The U.S. subsidiary was scheduled to apply ASU No. 2016-02 from the fiscal year ending March 2021. - FY2019First statedAnnual report
「“Leases” (IFRS 16): Revised accounting treatment for leases, planned for application from the fiscal year ending March 2020 “Leases” (U.S. GAAP, ASU No. 2016-02): Revised accounting treatment for leases, planned for application from the fiscal year ending March 2020」
The Company disclosed plans to apply IFRS 16 and U.S. GAAP ASU No. 2016-02 to its overseas subsidiaries from the fiscal year ending March 2020.