Preparation for Adoption of IFRS 16

「Our group has applied IFRS 16, Leases, issued in January 2016, from the first quarter of the current fiscal year. At the commencement date of a lease, a lessee recognizes an asset representing the right to use the underlying asset over the lease term, known as a right-of-use asset, and a liability for lease payments, known as a lease liability.」

「Our group has applied IFRS 16, Leases, issued in January 2016, from the first quarter of the current fiscal year. At the commencement date of a lease, a lessee recognizes an asset representing the right to use the underlying asset over the lease term, known as a right-of-use asset, and a liability for lease payments, known as a lease liability.」

「Our group has applied IFRS 16, Leases, issued in January 2016, from the first quarter of the current fiscal year. Lessees are required to account for all leases under a single model that recognizes them on the consolidated statement of financial position. At the commencement date of a lease, a lessee recognizes an asset representing the right to use the underlying asset over the lease term, known as a right-of-use asset, and a liability for lease payments, known as a lease liability.」

「Our group has applied IFRS 16, Leases, issued in January 2016, from the first quarter of the current fiscal year. At the commencement date of a lease, a lessee recognizes an asset representing the right to use the underlying asset over the lease term, known as a right-of-use asset, and a liability for lease payments, known as a lease liability.」

「Our group has applied IFRS 16, Leases, issued in January 2016, from the first quarter of the current fiscal year. At the commencement date of a lease, a lessee recognizes an asset representing the right to use the underlying asset over the lease term, known as a right-of-use asset, and a liability for lease payments, known as a lease liability. Compared with applying the previous accounting standards, right-of-use assets included in property, plant and equipment increased by ¥92,878 million and lease liabilities included in trade and other payables increased by ¥93,004 million at the beginning of the current fiscal year.」

「Our group will apply IFRS 16 from the beginning of the fiscal year ending March 2020. We will recognize the cumulative effect of applying the standard at the date of initial application. As a result, assets and liabilities are both expected to increase by approximately ¥90.0 billion at the beginning of the fiscal year ending March 2020.」