Application of IFRS 16 “Leases”
First written in FY2020-Q1. 1 of 5 entries say "Reframed", first in FY2025. Latest entry: FY2025.
Shofu moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 4 of 17 companies on the "Worse" side.
7 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「The accounting standards for leases and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2028. The impact of applying the accounting standards for leases and related standards on the consolidated financial statements was still being assessed when these consolidated financial statements were prepared.」
In addition to the existing application of IFRS 16 by overseas subsidiaries, the company plans to adopt Japan's new lease accounting standard from the fiscal year ending March 2028. The impact is still being assessed. - FY2022Updated the Full-Year Impact of AdoptionAnnual report
「As a result, in the consolidated income statement for the fiscal year, revenue decreased by ¥192 million, cost of sales decreased by ¥20 million and selling, general and administrative expenses decreased by ¥11 million, reducing operating income by ¥160 million. However, because non-operating expenses decreased by ¥156 million, the impact on ordinary income and profit before income taxes was immaterial.」
The full-year adoption of the revenue recognition accounting standard reduced revenue by ¥192 million and operating income by ¥160 million, while the impact on ordinary income was stated to be immaterial. - FY2020-Q3Updated the impact of adoption for the third quarter.Annual report
「As a result, at the end of the third-quarter consolidated accounting period, "Other" under intangible assets increased by ¥58 million, "Other" under current liabilities increased by ¥45 million, and "Other" under non-current liabilities increased by ¥29 million. The impact on profit or loss for the nine months ended the third quarter was immaterial. The opening balance of retained earnings also decreased by ¥16 million.」
The company continued applying IFRS 16. At the end of the third quarter, intangible assets increased by ¥58 million, current liabilities by ¥45 million and non-current liabilities by ¥29 million. The opening balance of retained earnings decreased by ¥16 million, while the impact on profit or loss was immaterial. - FY2020-Q2Updated second-quarter impact of applicationAnnual report
「As a result, at the end of the second-quarter consolidated accounting period, "Other" under intangible assets increased by ¥71 million, "Other" under current liabilities increased by ¥54 million, and "Other" under non-current liabilities increased by ¥32 million. The impact on profit or loss for the six months ended the second quarter was immaterial. The opening balance of retained earnings also decreased by ¥16 million.」
The company continued applying IFRS 16 and updated the amounts of its impact on assets and liabilities at the end of the second quarter and the decrease in the opening balance of retained earnings. The impact on profit or loss was immaterial. - FY2020-Q1First statedAnnual report
「Subsidiaries applying International Financial Reporting Standards have applied IFRS 16, Leases, from the first quarter of the current consolidated fiscal year. As a result, lessees generally recognize all leases as assets and liabilities on the balance sheet.」
An IFRS-applying subsidiary adopted IFRS 16 from the first quarter of the fiscal year. At fiscal year-end, "Other" under intangible assets increased by ¥90 million, "Other" under current liabilities increased by ¥64 million, "Other" under non-current liabilities increased by ¥42 million, and the opening balance of retained earnings decreased by ¥16 million.