Application of ASU 2016-02, “Leases,” at Subsidiaries Applying U.S. GAAP
First written in FY2023-Q1. 3 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「At overseas subsidiaries applying US GAAP, ASU 2016-02, “Leases (Topic 842),” was adopted from the beginning of the consolidated fiscal year under review. Lessees are generally required to recognize all leases as assets and liabilities on the consolidated balance sheet.」
Full-year application of ASU 2016-02 at overseas subsidiaries applying US GAAP was confirmed, and the impact on the consolidated financial statements was considered immaterial. - FY2023-Q3RestatedAnnual report
「At overseas subsidiaries applying US GAAP, ASU 2016-02, “Leases (Topic 842),” was adopted from the beginning of the first quarter of the consolidated fiscal year. Lessees are generally required to recognize all leases as assets and liabilities on the consolidated balance sheet.」
Continued application in the third quarter was confirmed for ASU 2016-02, “Leases (Topic 842),” which was adopted from the first quarter. The impact is considered immaterial. - FY2023-Q2RestatedAnnual report
「At overseas subsidiaries applying US GAAP, ASU 2016-02, “Leases (Topic 842),” was adopted from the beginning of the first quarter of the consolidated fiscal year. Lessees are generally required to recognize all leases as assets and liabilities on the consolidated balance sheet.」
Continued application in the second quarter was confirmed for ASU 2016-02, “Leases (Topic 842),” which was adopted from the first quarter. - FY2023-Q1First statedAnnual report
「At overseas subsidiaries applying US GAAP, ASU 2016-02, “Leases (Topic 842),” was adopted from the beginning of the first quarter of the consolidated fiscal year under review. Lessees are generally required to recognize all leases as assets and liabilities on the consolidated balance sheet.」
Overseas subsidiaries applying US GAAP began applying ASU 2016-02, “Leases (Topic 842).” The cumulative-effect transition method was adopted, and the impact on the quarterly consolidated financial statements was considered immaterial.