Adoption of IFRS 16 Leases by an Overseas Consolidated Subsidiary
First written in FY2020-Q1. 3 of 4 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2025: 4 of 17 companies on the "Worse" side.
106 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「With the application of this accounting standard, land use rights of ¥32.492 million, which had previously been included in other intangible fixed assets in the consolidated financial statements, have been presented as right-of-use assets under property, plant and equipment from the beginning of the current consolidated fiscal year.」
The application of IFRS 16, Leases, at overseas consolidated subsidiaries and the change in the presentation of ¥32.492 million in rights to use land have been confirmed for the full year. - FY2020-Q3RestatedAnnual report
「Following the application of this accounting standard, land-use rights of ¥32.492 million, previously included under other intangible fixed assets in the consolidated financial statements, have been presented as right-of-use assets under other tangible fixed assets since the first quarter consolidated accounting period.」
The Company has reconfirmed the application of IFRS 16 “Leases” at overseas consolidated subsidiaries and the change in presentation of land use rights of ¥32.492 million. - FY2020-Q2RestatedAnnual report
「Following the application of this accounting standard, land-use rights of ¥32.492 million, previously included under other intangible fixed assets in the consolidated financial statements, have been presented as right-of-use assets under other tangible fixed assets since the first quarter consolidated accounting period.」
The disclosure reconfirms the application of IFRS 16, Leases, at overseas consolidated subsidiaries and the reclassification of ¥32,492 thousand in land use rights as right-of-use assets. - FY2020-Q1First statedAnnual report
「A foreign consolidated subsidiary applying International Financial Reporting Standards (IFRS) has adopted IFRS 16, Leases, from the first quarter of the current fiscal year. In adopting the standard, the company has used the permitted transitional approach of recognizing the cumulative effect of applying the standard at the date of initial application. Accordingly, the ¥32,492 thousand in land use rights previously included under Other in intangible assets in the consolidated financial statements has been presented as right-of-use assets under Other in property, plant and equipment from the first quarter of the current fiscal year.」
An overseas consolidated subsidiary applied IFRS 16 “Leases” from the first quarter of the current fiscal year and changed the presentation classification of ¥32.492 million in land use rights. It also recognized other right-of-use assets and lease liabilities, but considers the impact on the consolidated financial statements to be immaterial.