Recognition of Right-of-Use Assets and Lease Liabilities upon Adoption of IFRS 16
First written in FY2019. 1 of 3 entries say "Achieved", first in FY2020-Q1. Latest entry: FY2020-Q3.
The whole theme swung hardest in 2025: 6 of 19 companies on the "Worse" side.
72 other companies' latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「The consolidated companies have applied IFRS 16 “Leases” (issued January 2016, hereinafter “IFRS 16”) from the first quarter. With the introduction of a single lessee accounting model under IFRS 16, lessees recognize the right to use the underlying asset over the lease term as a right-of-use asset and the obligation to make lease payments to the lessor as a lease liability for all leases other than short-term leases and leases of low-value assets.」
Recognition of right-of-use assets and lease liabilities under IFRS 16, applied from the first quarter, continued in the third quarter. - FY2020-Q1AchievedAnnual report
「The consolidated companies have applied IFRS 16 “Leases” from the current first quarter. With the introduction of a single lessee accounting model under IFRS 16, lessees recognize the right to use the underlying asset over the lease term as a right-of-use asset and the obligation to make lease payments to the lessor as a lease liability for all leases other than short-term leases and leases of low-value assets. At the date of initial application, lease liabilities were ¥56,992 million and right-of-use assets were ¥48,855 million.」
IFRS 16, which had been scheduled for application from fiscal 2019, was actually applied from the first quarter, and recognition of right-of-use assets and lease liabilities began. - FY2019First statedAnnual report
「With the introduction of a single lessee accounting model upon adoption of IFRS 16 “Leases,” lessees will recognize, at the commencement date of a lease, the right to use the underlying asset over the lease term as a right-of-use asset and the obligation to make lease payments to the lessor as a lease liability for all leases other than short-term leases and leases of low-value assets. The company estimates that, on the date of initial application, right-of-use assets and other financial liabilities on the consolidated statement of financial position will increase by approximately ¥50 billion and ¥40 billion, respectively.」
The company planned to apply IFRS 16 from fiscal 2019 and disclosed expected increases of approximately ¥50 billion in right-of-use assets and approximately ¥40 billion in other financial liabilities.