Application of ASC 842, Leases, at a U.S. Subsidiary
First written in FY2023-Q1. 2 of 3 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2025: 3 of 6 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「At an overseas consolidated subsidiary that applies U.S. GAAP, ASC 842, Leases, has been applied from the first quarter of the consolidated fiscal year. Accordingly, all leases, in principle, for lessees at the overseas consolidated subsidiary are recognized as assets and liabilities on the balance sheet.」
Disclosure continues regarding the application of ASC 842, Leases, at an overseas consolidated subsidiary applying U.S. GAAP and the recognition of lessee leases as assets and liabilities. - FY2023-Q2RestatedAnnual report
「At an overseas consolidated subsidiary that applies U.S. GAAP, ASC 842, Leases, has been applied from the first quarter of the consolidated fiscal year. Accordingly, all leases, in principle, for lessees at the overseas consolidated subsidiary are recognized as assets and liabilities on the balance sheet.」
Disclosure continues regarding the application of ASC 842, Leases, at an overseas consolidated subsidiary applying U.S. GAAP and the recognition of lessee leases as assets and liabilities. - FY2023-Q1First statedAnnual report
「At an overseas consolidated subsidiary that applies U.S. GAAP, ASC 842, Leases, has been applied from the current first quarter of the consolidated fiscal year. Accordingly, all leases, in principle, for lessees at the overseas consolidated subsidiary are recognized as assets and liabilities on the balance sheet.」
A new accounting policy was disclosed under which ASC 842 is applied from the current first quarter of the consolidated fiscal year at an overseas consolidated subsidiary that applies U.S. GAAP, with lessee leases recognized in principle as assets and liabilities on the balance sheet. On the adoption date, right-of-use assets of ¥53.537 million and total lease liabilities of ¥53.536 million were recognized, with no impact on the income statement for the quarter.