#Japan #Utsunomiya #TKC #Lease Accounting #FAManager

Introduction

On June 23, 2026, TKC Co., based in Utsunomiya City, Tochigi Prefecture, will officially launch its new fixed asset management system, FAManager, tailored for medium and large companies. This innovative solution is designed to meet the requirements of the updated lease accounting standards, which demand early and effective asset management.

Key Features

The newly enhanced FAManager includes a groundbreaking pre-registration feature. This allows assets classified as leases under the new standards to be entered into the system before the standards come into effect. Consequently, companies can manage these assets as off-balance sheet items, helping them prepare for the upcoming regulatory changes well in advance.

Pre-Registration Feature

This capability is crucial as it simplifies the management of assets that will be newly categorized as leases starting in the first fiscal year of the new standards. By enabling early asset registration, FAManager helps businesses transition smoothly into compliance.

New Menu for Lease Accounting

A dedicated tab titled "New Lease Accounting" has been introduced in FAManager, consolidating all necessary management and configuration functions. This centralization greatly enhances user experience during the transition period.

Comprehensive Contract Management

In addition to the above, FAManager allows for practical contract conditions management. Users can register the “effective” lease periods while considering options for extensions, terminations, and changes in payment schedules. This flexibility is particularly beneficial as it accommodates various payment patterns, reflecting real-world complexities. For example, companies can now manage free rental periods and apportion consumption tax appropriately across payment terms.

Enhancements to User-Support Features

FAManager’s upgrade also includes an improved chatbot for Q&A support and the integration of functionality with TKC’s tax filing system, which is currently utilized by over 10,000 medium and large enterprises. This enhancement includes connectivity for corporate tax return schedules, simplifying compliance across various reporting requirements.

Customer Feedback

FAManager has garnered positive feedback from numerous clients:

• - Manufacturing Sector: "By centralizing fixed asset management with FAManager, our company has effectively integrated previously dispersed operations. This has led to greater accuracy and efficiency in group management, allowing us to make better decisions based on actual performance data."
• - Financial Sector: "FAManager’s user-friendly design has significantly streamlined our verification processes. Tasks that used to take days now only require a couple of hours."
• - Another Manufacturing Firm: "The seamless integration of accounting, consolidation, and tax filing functions has drastically reduced our workload, enhancing our ability to report timely and accurate financial data."

Future Developments

Looking ahead, the second phase of the FAManager upgrade is set to roll out in October 2026. This update will feature advanced tools for converting off-balance sheet assets into on-balance sheet items and will further enhance management options for contract terms. Detailed information about these updates will be provided shortly.

Conclusion

FAManager is continuously evolving, ensuring that companies can effectively manage their fixed asset operations amidst changing compliance landscapes. As a solution built on decades of experience, TKC is committed to further enhancing FAManager’s capabilities to support its clients in navigating new accounting standards and achieving operational efficiency.

For more information about FAManager or to register for a hands-on seminar, please visit: TKC FAManager