Adoption of IFRS 16 Leases
First written in FY2020-Q1. 3 of 6 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2025: 5 of 19 companies on the "Worse" side.
11 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「“Accounting Standard for Leases” (Accounting Standards Board of Japan, Accounting Standard No. 34, 13 September 2024) / (2) Scheduled date of application: to be applied from the beginning of the fiscal year ending March 2028.」
Following the application of IFRS 16, the planned application from the beginning of the fiscal year ending March 2028 of Japan’s new lease accounting standard was disclosed. - FY2023AdvancedAnnual report
「Certain overseas consolidated subsidiaries applying US GAAP have applied ASC 842, “Leases,” from the beginning of the current consolidated fiscal year. Accordingly, lessee leases at these overseas consolidated subsidiaries are, in principle, recognised as assets and liabilities on the consolidated balance sheet.」
ASC 842 was applied for the full fiscal year, and ¥82.761 billion in other long-term assets, ¥6.987 billion in other current liabilities and ¥75.774 billion in other non-current liabilities were recognised at the beginning of the fiscal year. - FY2023-Q3RestatedAnnual report
「Certain overseas consolidated subsidiaries applying US GAAP have applied ASC 842, “Leases,” from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, lessee leases at these overseas consolidated subsidiaries are, in principle, recognised as assets and liabilities on the quarterly consolidated balance sheet.」
The application of ASC 842, “Leases,” at certain overseas consolidated subsidiaries and the recognition of lessee leases as assets and liabilities were reaffirmed. - FY2023-Q1AdvancedAnnual report
「Certain overseas consolidated subsidiaries applying US GAAP have applied ASC 842, “Leases,” from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, lessee leases at these overseas consolidated subsidiaries are, in principle, recognised as assets and liabilities on the quarterly consolidated balance sheet.」
In addition to the existing application of IFRS 16, certain overseas consolidated subsidiaries applying US GAAP also applied ASC 842 from the beginning of the fiscal year, proceeding with recognition of lease assets and liabilities. - FY2020-Q3RestatedAnnual report
「At overseas subsidiaries and overseas equity-method affiliates applying International Financial Reporting Standards (IFRS), IFRS 16, “Leases,” has been applied from the first quarter of the current consolidated fiscal year. Accordingly, lessee leases are, in principle, recognised as assets and liabilities for all leases.」
The application of IFRS 16, “Leases,” at overseas subsidiaries and overseas equity-method affiliates was disclosed, reaffirming the accounting policy. - FY2020-Q1First statedAnnual report
「At overseas subsidiaries and overseas equity-method affiliates applying International Financial Reporting Standards (IFRS), IFRS 16, “Leases,” has been applied from the first quarter of the current consolidated fiscal year. Accordingly, lessee leases are, in principle, recognised as assets and liabilities for all leases.」
IFRS 16 was applied from the first quarter at overseas subsidiaries and overseas equity-method affiliates, transitioning to accounting treatment that generally recognises lessee leases as assets and liabilities. The impact on the quarterly consolidated financial statements was described as immaterial.