Recognition of Lease Assets and Liabilities upon Application of IFRS 16
First written in FY2020-Q1. . Latest entry: FY2025.
The whole theme swung hardest in 2025: 4 of 17 companies on the "Worse" side.
24 other companies' latest entry also says "Other".
- FY2025Planned Adoption of the New Lease Accounting StandardAnnual report
「Scheduled application date of the Accounting Standard for Leases and related standards The standards will be applied from the beginning of the fiscal year ending June 2028.」
The company plans to adopt the new lease accounting standards and other related standards from the beginning of the fiscal year ending June 2028, and is currently assessing the impact. - FY2020Update to year-end recognized lease assets and liabilitiesAnnual report
「As a result, as of the end of the consolidated fiscal year, “Other, net” under property, plant and equipment increased by ¥252 million, while current liabilities and non-current liabilities each increased by ¥22 million and ¥230 million, respectively, under “Lease obligations.” The impact on profit or loss and per-share information for the consolidated fiscal year was immaterial.」
The year-end amounts recognized under IFRS 16 were disclosed as ¥252 million in lease assets and total current and non-current lease obligations of ¥252 million. - FY2020-Q3Update to recognized lease assets and liabilitiesAnnual report
「As a result, as of the end of the current third quarter of the consolidated fiscal year, “Other, net” under property, plant and equipment increased by ¥254.833 million, while current liabilities and non-current liabilities each increased by ¥21.848 million and ¥233.127 million, respectively, under “Lease obligations.” The impact on profit or loss for the first nine months of the consolidated fiscal year was immaterial.」
The amounts recognized for lease assets and current and non-current lease obligations under IFRS 16 were updated as of the end of the third quarter. - FY2020-Q2Update to recognized lease assets and liabilitiesAnnual report
「As a result, as of the end of the current second quarter of the consolidated fiscal year, “Other, net” under property, plant and equipment increased by ¥266.892 million, while current liabilities and non-current liabilities each increased by ¥22.390 million and ¥244.601 million, respectively, under “Lease obligations.” The impact on profit or loss for the first six months of the consolidated fiscal year was immaterial.」
The amounts recognized for lease assets and liabilities under IFRS 16 were updated as of the end of the second quarter. - FY2020-Q1First statedAnnual report
「The overseas consolidated subsidiaries applying International Financial Reporting Standards have adopted International Financial Reporting Standard 16, Leases (hereinafter, “IFRS 16”), from the current first quarter of the consolidated fiscal year. As a result, lessees are generally required to recognize all leases as assets and liabilities on the balance sheet. Accordingly, as of the end of the current first quarter of the consolidated fiscal year, “Other, net” under property, plant and equipment increased by ¥262.479 million, while current liabilities and non-current liabilities each increased by ¥21.556 million and ¥240.972 million, respectively, under “Lease obligations.”」
The overseas consolidated subsidiaries began applying IFRS 16 and recognized ¥262.479 million in property, plant and equipment and total current and non-current lease obligations of ¥262.528 million related to leases.