Preparation to Apply U.S. Lease Accounting Standards to Overseas Consolidated Subsidiaries
First written in FY2021. 2 of 5 entries say "Advanced", first in FY2022. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「Certain overseas consolidated subsidiaries have applied ASU No. 2016-02, "Leases," from the beginning of the first quarter of the consolidated fiscal year. As a result, lessees are required, in principle, to recognize all leases as assets and liabilities.」
Certain overseas consolidated subsidiaries continued applying ASU No. 2016-02 and disclosed increases of ¥837 million in property, plant and equipment, ¥211 million in current liabilities and ¥917 million in non-current liabilities. - FY2023-Q2RestatedAnnual report
「Certain overseas consolidated subsidiaries have applied ASU No. 2016-02, "Leases," from the beginning of the first quarter of the consolidated fiscal year. As a result, lessees are required, in principle, to recognize all leases as assets and liabilities.」
Certain overseas consolidated subsidiaries continued applying ASU No. 2016-02 and disclosed increases of ¥960 million in property, plant and equipment, ¥221 million in current liabilities and ¥1,044 million in non-current liabilities. - FY2023-Q1AdvancedAnnual report
「Certain overseas consolidated subsidiaries have applied ASU No. 2016-02, "Leases," from the beginning of the first quarter of the current consolidated fiscal year. As a result, lessees are required, in principle, to recognize all leases as assets and liabilities.」
Certain overseas consolidated subsidiaries began applying ASU No. 2016-02 in preparation for its planned adoption from the fiscal year ending March 2023. The company recognized increases of ¥971 million in property, plant and equipment, ¥196 million in current liabilities and ¥1,071 million in non-current liabilities. - FY2022AdvancedAnnual report
「At the effective date, the company plans to recognize approximately ¥1.2 billion in right-of-use assets and lease liabilities.」
The company maintained its plan to apply U.S. GAAP ASU No. 2016-02 to its overseas consolidated subsidiaries from the fiscal year ending March 2023 and specified the planned amount to be recognized on adoption at approximately ¥1.2 billion. - FY2021First statedAnnual report
「Overseas consolidated subsidiaries "Leases" (U.S. GAAP ASU No. 2016-02) Scheduled effective date Scheduled to be applied from the fiscal year ending March 2023.」
The company planned to apply U.S. GAAP ASU No. 2016-02 to its overseas consolidated subsidiaries from the fiscal year ending March 2023, with the amount of the impact still under assessment.