Application of U.S. GAAP ASU No. 2016-02, “Leases,” to the North American Sales Subsidiary
First written in FY2023-Q1. 1 of 3 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「As a result of applying the accounting standard, the quarterly consolidated balance sheet at the end of the third quarter showed increases of ¥1,189 million in right-of-use assets, included in other property, plant and equipment, and ¥1,235 million in lease liabilities, included in other current and non-current liabilities.」
The company continued applying ASU 2016-02 at the North American sales subsidiary and reported increases of ¥1,189 million in right-of-use assets and ¥1,235 million in lease liabilities at the end of the third quarter. - FY2023-Q2AdvancedAnnual report
「As a result of applying the accounting standard, the quarterly consolidated balance sheet at the end of the second quarter showed increases of ¥1,287 million in right-of-use assets, included in other property, plant and equipment, and ¥1,306 million in lease liabilities, included in other current and non-current liabilities.」
The impact of applying ASU 2016-02 at the North American sales subsidiary materialized at the end of the second quarter as increases of ¥1,287 million in right-of-use assets and ¥1,306 million in lease liabilities. - FY2023-Q1First statedAnnual report
「The North American sales subsidiary, which applies U.S. GAAP, has applied ASU 2016-02, Leases, from the beginning of the first quarter of the current fiscal year.」
The North American sales subsidiary applied ASU 2016-02 from the beginning of the first quarter of the current fiscal year, increasing right-of-use assets by ¥176 million and lease liabilities by ¥180 million at the end of the quarter.