Financial Products Group Co., Ltd. (JP:7148) has released an update.
Financial Partners Group Co., Ltd. has announced that the upcoming changes to lease accounting standards in Japan, aligning with international practices, will have minimal impact on their consolidated financial results. This is due to their Leasing Fund Business primarily involving foreign entities that are already compliant with the International Financial Reporting Standards (IFRS). The new standards, requiring asset recognition of operating lease transactions, are set to be implemented from fiscal year 2027.
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