Planned Adoption of IFRS 16 and ASU 2016-02
First written in FY2019. 2 of 6 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2023-Q2.
The whole theme swung hardest in 2021: 3 of 8 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「At North American subsidiaries applying U.S. GAAP, ASU 2016-02, “Leases” (25 February 2016; hereinafter, “ASU 2016-02”), has been adopted from the first quarter of the consolidated fiscal year.」
The company continued to disclose in the second quarter that adoption of ASU 2016-02 by its North American subsidiaries had begun in the first quarter. - FY2023-Q1AdvancedAnnual report
「At North American subsidiaries applying U.S. GAAP, ASU 2016-02, “Leases” (25 February 2016; hereinafter, “ASU 2016-02”), has been adopted from the current first quarter of the consolidated fiscal year.」
The adoption of ASU 2016-02 by North American subsidiaries, previously scheduled to begin at the start of the fiscal year ending October 2023, began in the current first quarter of the consolidated fiscal year. As a result, other property, plant and equipment increased by ¥1,082 million, other current liabilities by ¥91 million, and other non-current liabilities by ¥994 million. - FY2022SoftenedAnnual report
「North American subsidiaries applying U.S. GAAP are scheduled to adopt it from the beginning of the fiscal year ending October 2023.」
The scheduled adoption of ASU 2016-02 by the North American subsidiaries was postponed from the beginning of the fiscal year ending October 2022 to the beginning of the fiscal year ending October 2023. - FY2020-Q3RestatedAnnual report
「Beginning with the first quarter of the current fiscal year, overseas consolidated subsidiaries other than North American subsidiaries applying U.S. GAAP have adopted IFRS 16, “Leases.” As a result, assets and liabilities are recognized, in principle, for all leases in lessee lease transactions.」
The continued application of IFRS 16 by overseas consolidated subsidiaries outside North America is disclosed. As of the end of the third quarter of the current fiscal year, other property, plant and equipment had increased by ¥2,372 million, other current liabilities by ¥253 million and other non-current liabilities by ¥658 million. - FY2020-Q1AdvancedAnnual report
「Beginning with the first quarter of the current fiscal year, overseas consolidated subsidiaries other than North American subsidiaries applying U.S. GAAP have adopted IFRS 16, “Leases.” As a result, assets and liabilities are recognized, in principle, for all leases in lessee lease transactions.」
The overseas consolidated subsidiaries outside North America began applying IFRS 16. As a result, other property, plant and equipment increased by ¥2,480 million, other current liabilities by ¥241 million and other non-current liabilities by ¥703 million. The scheduled adoption of ASU 2016-02 by the North American subsidiaries remains pending separately. - FY2019First statedAnnual report
「IFRS 16, “Leases,” is scheduled to be applied from the beginning of the fiscal year ending October 2020 by overseas consolidated subsidiaries other than North American subsidiaries applying U.S. GAAP. ASU 2016-02, “Leases,” is scheduled to be applied from the beginning of the fiscal year ending October 2022 by North American subsidiaries applying U.S. GAAP.」
The company disclosed for the first time the scheduled adoption dates for IFRS 16 by overseas consolidated subsidiaries and ASU 2016-02 by the North American subsidiaries. The impact on the financial statements is currently under assessment.