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ProPlus＋ Implementation by Subaru for Lease Accounting Compliance

In a significant advancement in financial management, Subaru Corporation has selected ProShip’s leading SaaS solution, ProPlus＋, as a foundational system to align with the new lease accounting standards in Japan. ProShip, headquartered in Chiyoda, Tokyo, specializes in asset management and leasing solutions, solidifying its role in facilitating Subaru’s comprehensive compliance.

Subaru, known for its exceptional safety features and unique technology, has already embraced the International Financial Reporting Standards (IFRS) since the fiscal year ended March 2020. The company efficiently completed the transition to IFRS 16, which governs lease accounting. The adoption of ProPlus＋ comes as a strategic move to align with the Japanese accounting standards and the anticipated tax code revisions. This initiative demonstrates Subaru's commitment to strengthening its management systems and effectively meeting complex accounting and tax requirements globally.

Background and Challenges

In preparation for the adoption of the new Japanese lease accounting standards, Subaru sought to upgrade its existing accounting systems and processes that were initially established during the implementation of IFRS. The primary challenges faced during this transition included:

• - Comprehensive functionality to address new lease accounting standards and tax regulations
• - Unified management across 30 group companies
• - Ensuring reliability backed by extensive experience
• - User-friendly, intuitive operation for ease of use

Selection Criteria

After a thorough comparison of multiple products, Subaru determined that ProPlus＋ met its needs best. Key factors contributing to this decision include:

• - ProShip has successfully implemented IFRS 16 solutions for over 100 companies, demonstrating expertise that can be leveraged for the new standards
• - By employing a widely adopted package used by numerous IFRS-compliant companies, Subaru can access essential operational functions and accumulated knowledge effectively
• - A comprehensive range of features to address IFRS 16 and the new accounting standards along with related tax implications
• - Recognized for its high usability, ProPlus＋ is proven to enhance operational efficiency
• - With SaaS capabilities and ProShip’s expertise, Subaru can benefit from rapid adaptations to regulatory changes and continuous feature enhancements

ProShip Future Support Project

In line with its commitment to social responsibility, ProShip initiated the "ProShip Future Support Project," which aims to assist companies in complying with the new lease accounting standards mandated for implementation by April 2027, while also engaging in strategic corporate social responsibility (CSR) activities. Starting in November 2025, this project connects business activities addressing the new lease accounting framework with a donation model, pledging ¥10,000 to the Japanese Red Cross for each company that adopts the solution.

This initiative not only focuses on Subaru but on large enterprises with revenues exceeding ¥100 billion, promoting business progress alongside social contributions. As of now, 281 companies have embraced ProShip’s solutions, promising a total donation of ¥2,810,000 to the Japanese Red Cross, reinforcing ProShip’s philosophy of balancing business growth with societal developments.

Progress and Support Offerings

ProShip has extensive experience managing both established and emerging lease accounting standards, including the current one applied since 2008. It also supports seamless transitions for clients through comprehensive consultation services, practical content aid, and strategic seminars covering various critical themes related to the new standards.
With advanced capabilities to calculate financial impacts accurately, ProShip provides a “New Lease Accounting Impact Calculation Solution” through its SaaS platform, geared towards businesses preparing for new accounting standards.

Furthermore, the ProPlus＋ system stands as a leading solution backed by a legacy of excellence in asset management for over three decades. It promises all-around support from policy framework definition to implementation and operational execution, thus ensuring smooth compliance with financial regulations while enhancing corporate transparency and accountability.

In a competitive market where adaptability is vital, ProShip's unique position as a specialized vendor in the fixed asset and lease domain confirms its pivotal role in shaping contemporary corporate financial management in Japan.

For more information on ProShip, visit ProShip's Official Site.