Planned Adoption of Lease Accounting Standards by Foreign Consolidated Subsidiaries
First written in FY2019. 2 of 8 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2021: 3 of 8 companies on the "Worse" side.
7 other companies' latest entry also says "Achieved".
- FY2023AchievedAnnual report
「An overseas consolidated subsidiary applying US GAAP has applied US GAAP ASU 2016-02, Leases, from the end of the current consolidated fiscal year. Accordingly, for lease transactions by lessees, assets and liabilities are recognised for, in principle, all leases.」
US GAAP ASU 2016-02, whose scheduled application had previously been postponed, was applied from the end of the current consolidated fiscal year, and additional right-of-use assets of ¥350 million and lease liabilities of ¥472 million were recognised. - FY2021Postponement of the application dateAnnual report
「(2) Scheduled date of application The standards will be applied from the end of the fiscal year ending August 2023. (3) Impact of applying the accounting standards and related standards The impact is being assessed as of the date of preparation of these consolidated financial statements.」
The application date for US GAAP ASU 2016-02 was changed from the beginning of the fiscal year ending August 2022 to the end of the fiscal year ending August 2023, and the impact remains under assessment. - FY2020ReframedAnnual report
「Leases under US GAAP (ASU 2016-02) will be applied from the beginning of the fiscal year ending August 2022.」
The scheduled application of lease accounting under US GAAP changed from the beginning of the fiscal year ending August 2021 to the beginning of the fiscal year ending August 2022 following the change in the fiscal year-end. - FY2020ReframedAnnual report
「Leases under US GAAP (ASU 2016-02) will be applied from the beginning of the fiscal year ending August 2021.」
The scheduled application of lease accounting under US GAAP is stated as beginning with the fiscal year ending August 2021 following the change in the fiscal year-end. Certain overseas subsidiaries continue to apply IFRS 16. - FY2020-Q1RestatedAnnual report
「Certain overseas consolidated subsidiaries of our group have applied IFRS 16, Leases, from the first quarter consolidated accounting period. Accordingly, for operating leases under IAS 17, Leases, held by lessees, right-of-use assets and lease liabilities were recognised on the date of initial application.」
Certain overseas consolidated subsidiaries continue to apply IFRS 16, and as of the end of the third quarter had recognised right-of-use assets of ¥26,632 million and lease liabilities of ¥27,759 million. - FY2019-Q4RestatedAnnual report
「Certain overseas consolidated subsidiaries of our group have applied IFRS 16, Leases, from the first quarter consolidated accounting period. Accordingly, for operating leases under IAS 17, Leases, held by lessees, right-of-use assets and lease liabilities were recognised on the date of initial application.」
Certain overseas consolidated subsidiaries continue to apply IFRS 16, and as of the end of the second quarter had recognised right-of-use assets of ¥22,889 million and lease liabilities of ¥23,875 million. - FY2019-Q3AdvancedAnnual report
「Certain overseas consolidated subsidiaries of our group have applied IFRS 16, Leases, from the current first quarter consolidated accounting period. Accordingly, for operating leases under IAS 17 held by lessees, right-of-use assets and lease liabilities were recognised on the date of initial application.」
Certain overseas consolidated subsidiaries began applying IFRS 16. Right-of-use assets of ¥22,334 million and lease liabilities of ¥23,566 million were recognised, moving from the previously scheduled application to implementation. - FY2019First statedAnnual report
「Leases under US GAAP (ASU 2016-02) will be applied from the beginning of the fiscal year ending February 2021. Leases under IFRS 16 will be applied from the beginning of the fiscal year ending February 2020. The impact is being assessed as of the date of preparation of these consolidated financial statements.」
For overseas consolidated subsidiaries, US GAAP is scheduled to be applied from the fiscal year ending February 2021 and IFRS 16 from the fiscal year ending February 2020.