Adoption of IFRS 16, “Leases”
First written in FY2020-Q1. 1 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 6 of 19 companies on the "Worse" side.
16 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Scheduled application date for the Lease Accounting Standard and related standards: We will apply them from the beginning of the fiscal year ending March 2028.」
In addition to its existing application of IFRS 16, the company plans to apply Japan’s new lease accounting standard and related requirements from the beginning of the fiscal year ending March 2028, with the impact still under assessment. - FY2020-Q3Updated the impact of applying IFRS 16 at the end of the third quarterAnnual report
「A subsidiary applying International Financial Reporting Standards has applied International Financial Reporting Standard 16, “Leases” (hereinafter, “IFRS 16”), from the beginning of the first quarter of the consolidated fiscal year. Accordingly, for lessee lease transactions, it recognises right-of-use assets and lease liabilities for, in principle, all leases, and records depreciation of right-of-use assets and interest expense on lease liabilities. As a result of applying the standard, at the end of the third quarter of the current consolidated fiscal year, “Buildings and structures, net” increased by ¥1,091 million, “Machinery, equipment and vehicles, net” by ¥3 million, “Tools, furniture and fixtures, net” by ¥0 million, “Other” current liabilities by ¥268 million and “Other” non-current liabilities by ¥817 million.」
The company continued to apply IFRS 16 and updated the impact of right-of-use assets, lease liabilities and other items at the end of the third quarter. It stated that the impact on profit and loss was immaterial. - FY2020-Q2RestatedAnnual report
「A subsidiary applying International Financial Reporting Standards has applied International Financial Reporting Standard 16, “Leases” (hereinafter, “IFRS 16”), from the beginning of the first quarter of the consolidated fiscal year. Accordingly, for lessee lease transactions, it recognises right-of-use assets and lease liabilities for, in principle, all leases, and records depreciation of right-of-use assets and interest expense on lease liabilities.」
The company applied IFRS 16 from the beginning of the first quarter of the consolidated fiscal year and continued the accounting treatment of recognising right-of-use assets and lease liabilities for, in principle, all leases. It disclosed increases of approximately ¥1,120 million in property, plant and equipment and approximately ¥1,134 million in total current and non-current liabilities as the impact of applying the standard at the end of the second quarter. - FY2020-Q1First statedAnnual report
「A subsidiary applying International Financial Reporting Standards has applied International Financial Reporting Standard 16, “Leases” (hereinafter, “IFRS 16”), from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, for lessee lease transactions, it recognises right-of-use assets and lease liabilities for, in principle, all leases, and records depreciation of right-of-use assets and interest expense on lease liabilities. As a result of applying the standard, at the end of the first quarter of the current consolidated fiscal year, “Buildings and structures, net” increased by ¥1,150 million, “Machinery, equipment and vehicles, net” by ¥4 million, “Tools, furniture and fixtures, net” by ¥1 million, “Other” current liabilities by ¥251 million and “Other” non-current liabilities by ¥911 million. Ordinary income for the cumulative first quarter also decreased by ¥84 million as a result of applying the standard.」
A subsidiary applying IFRS applied IFRS 16 from the beginning of 1 April 2019, changing its accounting treatment to recognise right-of-use assets and lease liabilities for, in principle, all leases. The company disclosed the resulting increases in assets and liabilities and the ¥84 million decrease in ordinary income.