#Japan #Tokyo #Lease Accounting #ProShip #IFRS16

Proship's New Lease Accounting Standards Seminar Series

Proship Inc., headquartered in Chiyoda, Tokyo, under the leadership of CEO Mitsufumi Suzuki, has initiated a series of free online seminars to help businesses prepare for the new lease accounting standards that will be in effect from April 2027. This seminar series, consisting of 14 sessions, aims to lessen the operational burdens that come with these changes.

Background and Thematic Significance of the 7th Seminar

The transition to the new lease accounting standards isn't just about understanding the regulations; it also necessitates a comprehensive reevaluation of business processes. Having a precise grasp of the intent and principles behind these regulations allows businesses to effectively minimize their impact on operations. Many companies face considerable challenges as they rethink their entire workflow related to contract management and payment processing. The design of each segment—such as identifying leases, collecting contract information, and processing payments—can significantly influence the workload and the complexity of audit compliance. Therefore, it's crucial to evaluate these processes not just formality but through the lens of practical business design.

Key Points of the Seminar

The 7th seminar in this series focuses specifically on establishing business processes in accordance with the new lease standards. It will cover several critical issues, such as:

• - Lease Identification: When, who, and how to identify leases effectively.
• - Consolidating Contract Information: Methods to efficiently gather contract details into the accounting department.
• - Redesigning Payment Processes: Innovative approaches for restructuring payment workflows.

In many cases based on IFRS, a centralized management led by the accounting department has been the most common approach. This is due to challenges in maintaining accurate data entry and consistency across departments handling contract execution, which can often lead to discrepancies.

During the seminar, practical points will be shared to help organizations avoid such risks, ensuring consistent decision-making alongside improving operational efficiency. Concrete examples will provide valuable insights directly applicable in the workplace.

7th Seminar Details

• - Date and Time: July 23, 2026, from 13:30 to 14:30 (Japan Time)
• - Format: Online (Live Broadcast)
• - Speakers: Kiyoho Nakata (Certified Public Accountant, Knowledge Network) and Shunsuke Takumi from Proship
• - Cost: Free (Registration Required)
• - Register Here

This seminar is part of the comprehensive program aimed at reducing practical burdens for businesses (14 sessions total). Details about the entire series and upcoming sessions are available through the provided link.

Previous Seminars Overview

The prior seminars in this series have delved into various crucial aspects of the new lease accounting standards:

• - Seminar 1: How to interpret contracts amidst the new standards, focusing on audit compliance.
• - Seminar 2: An open panel discussion with practitioners on practical adaptations for efficiency.
• - Seminar 3: Addressing operational challenges faced by companies applying IFRS16.
• - Seminar 4: Techniques for effectively setting shorter lease terms in anticipation of audits.
• - Seminar 5: Justifying the validity of the 3 million yen threshold to auditors.
• - Seminar 6: Strategies to reduce operational burdens from discrepancies during inter-company leases.

Leveraging Experience for Smooth Adaptation to New Lease Standards

The upcoming new lease accounting standards are largely comparable to IFRS16, which was initiated in 2019. Proship has extensive experience in managing the existing lease accounting standards and tax compliance since 2008, and has handled over 100 projects under IFRS16. With a wealth of accumulated cases across Japan, we provide support content that assists in practical adaptation before system implementation, alongside advanced seminars and consulting services. Our specialists are committed to easing business burdens by delivering detailed support optimized for real-world application.

High-Accuracy Impact Calculation Solution

As part of preparation for implementing the new lease accounting standards, our SaaS-based solution can facilitate precise impact calculations, going beyond simple estimates based on case studies from IFRS16.

ProPlus+: An Efficient Model for Quick Implementation

ProPlus+, developed from insights gained in interfacing with approximately 100 client companies regarding IFRS16 compliance, offers a structured framework for swift adaptation to the new lease accounting standards and relevant tax regulations. In just over a year and a half since its launch, it has already been adopted by more than 1,000 companies.

About Proship

With over 40 years of specialization in fixed asset management systems, Proship has delivered systems tailored for this sector since 1980. Our asset management solution, ProPlus, boasts over 5,600 implementations, making it a preferred choice for one in two major firms in various industries. With frequent changes in regulations, our clients benefit from the ability to localize asset management functionalities from ERP systems, creating a synergy with ProPlus for high-quality tax compliance.

For more details about Proship, visit our official site at www.proship.co.jp.