Adoption of IFRS 16, Leases
First written in FY2020-Q1. 6 of 12 entries say "Restated". Latest entry: FY2025.
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- FY2025New lease standard scheduled to apply from the fiscal year ending March 2028Annual report
「The company will apply the "Accounting Standard for Leases" (Accounting Standard No. 34, 13 September 2024, Accounting Standards Board of Japan), the "Implementation Guidance on Accounting Standard for Leases" (Implementation Guidance No. 33, 13 September 2024, Accounting Standards Board of Japan), and other standards from the beginning of the fiscal year ending March 2028.」
In addition to the existing application of IFRS 16, the company stated that it plans to apply Japan's new lease accounting standards and related guidance from the beginning of the fiscal year ending March 2028, with the impact still under assessment. - FY2025-H1RestatedAnnual report
「There have been no material changes to the management policies, management strategies or other matters established by our Group during the interim consolidated accounting period.」
It was stated that there had been no material changes to the existing accounting and management policies. - FY2023Finalization of the impact amount for the fiscal year of ASC 842 adoptionAnnual report
「As a result, at the beginning of the current consolidated fiscal year, "Other" under current liabilities decreased by ¥12.814 million, "Other" under non-current liabilities increased by ¥1,344.565 million, the opening balance of retained earnings for the current consolidated fiscal year decreased by ¥1,123.426 million, and non-controlling interests included in net assets decreased by ¥208.323 million. Operating income for the current consolidated fiscal year increased by ¥493.924 million, while ordinary income and profit before income taxes increased by ¥475.265 million.」
The annual impact of adopting ASC 842, "Leases," including an increase of ¥493.924 million in operating income, was disclosed in addition to the impact on liabilities, retained earnings and non-controlling interests. - FY2023-Q3Cumulative disclosure of the impact of applying ASC 842Annual report
「In addition, operating profit for the nine-month period of the current consolidated fiscal year increased by ¥361.857 million, while ordinary profit and profit before income taxes increased by ¥346.867 million.」
For the application of ASC 842, Leases, the Company additionally disclosed the impact on operating profit and other items for the nine-month period. - FY2023-Q2Additional disclosure of the impact of applying ASC 842Annual report
「As a result, at the beginning of the first quarter of the current consolidated accounting period, other current liabilities decreased by ¥12.814 million, other non-current liabilities increased by ¥1,344.565 million, the opening balance of retained earnings decreased by ¥1,123.426 million, and non-controlling interests included in net assets increased by ¥208.323 million. In addition, operating profit for the six-month period of the current consolidated fiscal year increased by ¥231.353 million, while ordinary profit and profit before income taxes increased by ¥222.138 million.」
For the application of ASC 842, Leases, the Company disclosed specific amounts of the impact on liabilities, retained earnings and non-controlling interests, as well as on operating profit and other items for the six-month period. - FY2023-Q1Additional application of U.S. GAAP lease accountingAnnual report
「An overseas affiliate that applies U.S. GAAP has applied ASC 842, Leases, from the first quarter of the current consolidated accounting period. As a result, in principle, all leases of lessees at the overseas consolidated subsidiary are recognized as assets and liabilities on the balance sheet.」
In addition to the existing application of IFRS 16, an overseas affiliate applying U.S. GAAP began applying ASC 842 from the first quarter. The amounts of the impact on liabilities, retained earnings and other items at the start of application were also disclosed. - FY2022-Q3RestatedAnnual report
「There were no material changes to the management policies, management strategies or other matters established by the Group during the cumulative consolidated third quarter under review.」
It was stated that there had been no significant changes to existing accounting and management policies, including the application of IFRS 16. - FY2022-Q2RestatedAnnual report
「There were no significant changes during the second quarter cumulative consolidated period to the management policies, management strategies or other matters established by our group.」
It was stated that there had been no significant changes to existing accounting and management policies, including the application of IFRS 16. - FY2020RestatedAnnual report
「Subsidiaries applying International Financial Reporting Standards have applied IFRS 16, Leases, from the current consolidated fiscal year. As a result, lessees are required, in principle, to recognize assets and liabilities for all leases. The impact of applying this standard on profit and loss for the current consolidated fiscal year was immaterial.」
The annual application of IFRS 16 continued to be disclosed, with the impact on profit and loss described as immaterial. - FY2020-Q3RestatedAnnual report
「Subsidiaries applying International Financial Reporting Standards have applied IFRS 16, Leases, from the first quarter of the consolidated accounting period. As a result, lessees are required, in principle, to recognize assets and liabilities for all leases. The impact of applying this standard on profit and loss for the nine-month period of the current consolidated fiscal year was immaterial.」
The application of IFRS 16 continued to be disclosed, with the impact on profit and loss for the nine-month period described as immaterial. - FY2020-Q2RestatedAnnual report
「Subsidiaries applying International Financial Reporting Standards have applied IFRS 16, Leases, from the first quarter of the consolidated accounting period. As a result, lessees are required, in principle, to recognize assets and liabilities for all leases. The impact of applying this standard on profit and loss for the six-month period of the current consolidated fiscal year was immaterial.」
The application of IFRS 16 continued to be disclosed, with the impact on profit and loss for the six-month period described as immaterial. - FY2020-Q1First statedAnnual report
「Subsidiaries applying International Financial Reporting Standards have applied IFRS 16, Leases, from the first quarter of the current consolidated accounting period. As a result, lessees are required, in principle, to recognize assets and liabilities for all leases.」
A subsidiary applying IFRS began applying IFRS 16, Leases, from the first quarter of the current consolidated accounting period, changing to the recognition of assets and liabilities for all leases in principle.