Kubotek (7709) · PolicyDropped
Adoption of ASC 842, Leases, by the U.S. subsidiary
First written in FY2023. 1 of 2 entries say "Dropped", first in FY2024. Latest entry: FY2024.
2entries
2years
0from disclosures
How it moved
Same theme, other companies
ASC 842 (Leases) Adoption MeasuresA theme 66 companies write about · 0 as a headwind · 0 as a tailwind
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 66 companies compared. The sentences above are computed from all 66.Full recordFilings, disclosures and news, newest first
- FY2024DroppedAnnual report
「The consolidated financial statements of our group are prepared in accordance with accounting standards generally accepted as fair and appropriate in Japan.」
The separate explanation of the application of ASC 842, Leases, by the U.S. subsidiary included in the previous fiscal year is not included in the current fiscal year's annual securities report. - FY2023First statedAnnual report
「Kubotek USA, Inc., a U.S. consolidated subsidiary that applies U.S. GAAP, has adopted ASC 842, Leases, from the current consolidated fiscal year. As a result, lease transactions in which the subsidiary is the lessee are, in principle, all recognized as assets and liabilities on the balance sheet.」
For Kubotek USA, this is the first disclosure of a change in accounting policy under which leases in which it is the lessee are, in principle, recognized as assets and liabilities following the adoption of ASC 842.