Application of ASC 842, “Leases,” at U.S. Subsidiaries
First written in FY2023-Q1. 2 of 3 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「At the company's U.S. consolidated subsidiary, which applies U.S. accounting standards, ASC 842, "Leases," has been applied from the first quarter. As a result, virtually all leases in which the U.S. consolidated subsidiary is the lessee are recognized as assets and liabilities on the balance sheet. The impact on the quarterly consolidated financial statements is immaterial.」
The company reaffirmed the application of ASC 842, "Leases," at the U.S. consolidated subsidiary from the first quarter, the recognition of lessee leases as assets and liabilities, and the immaterial impact on the quarterly consolidated financial statements. - FY2023-Q2RestatedAnnual report
「At the company's U.S. consolidated subsidiary, which applies U.S. accounting standards, ASC 842, "Leases," has been applied from the first quarter. As a result, virtually all leases in which the U.S. consolidated subsidiary is the lessee are recognized as assets and liabilities on the balance sheet. The impact on the quarterly consolidated financial statements is immaterial.」
The company reaffirmed the application of ASC 842, "Leases," at the U.S. consolidated subsidiary from the first quarter, the recognition of lessee leases as assets and liabilities, and the immaterial impact on the quarterly consolidated financial statements. - FY2023-Q1First statedAnnual report
「At the company's U.S. consolidated subsidiary, which applies U.S. accounting standards, ASC 842, "Leases," has been applied from the first quarter of the current fiscal year. As a result, virtually all leases in which the U.S. consolidated subsidiary is the lessee are recognized as assets and liabilities on the balance sheet. In applying the accounting standard, the company adopted the transition method permitted under the standard of recognizing the cumulative effect of its application at the date of initial application. The impact on the quarterly consolidated financial statements is immaterial.」
The U.S. consolidated subsidiary began applying ASC 842, "Leases," on 1 April 2022 and changed its accounting treatment so that lessee leases are, in principle, recognized as assets and liabilities. The impact on the quarterly consolidated financial statements was described as immaterial.