New Lease Accounting Compliance Option to Launch on @property in April 2026

New Lease Accounting Compliance Option on @property

Property Data Bank Inc., headquartered in Minato, Tokyo, is set to launch a new option on its @property platform starting April 2026. This innovative feature will allow users to manage contract compliance, accounting calculations, and disclosure notes seamlessly, all in alignment with the new leasing accounting standards. Excel management has limitations, especially when it comes to tracking contract changes and maintaining consistency in calculations. This new option aims to bridge the gap between practical operations and accounting, providing a solid foundation for businesses.

As part of the new lease accounting standard coming into effect in April 2027, businesses will be required to grasp contract details accurately, calculate right-of-use assets and lease liabilities correctly, and ensure the uniformity of disclosure notes. Frequent changes in contract conditions, such as rent revisions, renewals, cancellations, and tiered rent, highlight the shortcomings of Excel management where historical data can get lost, leading to discrepancies between contract information and accounting processes.

The upcoming option is designed to resolve these practical issues by offering a comprehensive system that handles everything from historical contract data to right-of-use asset and lease liability calculations, through to automatic generation of journal entries and disclosure notes. By automatically reflecting the history of contract changes, this solution ensures constant synchronization between operational staff and accounting departments, effectively significantly reducing their workload.

Additionally, this option is integrated with @property’s unique time-series data structure that preserves past information without overwriting it. This enables:

- Reconstruction of past rent fluctuations and contract conditions
- Accurate understanding of current contract statuses
- Future simulations for contract reviews and corporate real estate (CRE) strategies

These capabilities are not just limited to accounting compliance; they also provide consistent support for contractual strategies, cost optimization, and asset utilization, contributing to key business decision-making.

Key Features of the New Lease Accounting Compliance Option

1. Streamlined Process from Contracts to Accounting
Users can accurately manage lease agreements over time (including revisions, cancellations, tiered rents, and prepaid/postpaid options). The system eliminates the need for manual data entry into Excel, providing a direct link to calculations, journal output, and related documentation, ensuring coherence between contract management and accounting practices.

2. Expansion Beyond Processing to CRE Strategy Decisions
Taking into account the impacts of on-balance sheet accounting under the new standards, the option will visualize scenarios for contract reviews, switches to purchases, and monetization through subleases. Portfolio analysis and simulations can also be conducted on the same platform, facilitating the transition from mere processing to strategic planning.

3. Governance and Future Expansion on a Robust Platform
The platform incorporates structures that fulfill auditability and control requirements, including asset group aggregation and authority management along with daily history retention. It flexibly adapts to organizational changes or fluctuations in associated companies, smoothly connecting to expansions in fixed asset management, equipment, and store development.

This option has already gained recognition for the dual accomplishments of compliance adherence and operational efficiency. Various companies have opted to adopt this feature, indicating a positive outlook for its application across diverse industries.

About Property Data Bank Inc.

Property Data Bank Inc. is a leading company in the real estate cloud domain, evolving from an in-house venture by Shimizu Corporation. Established in October 2000, the firm has focused on enhancing efficiency in real estate and facility management through cloud-based solutions. @property, their integrated asset management cloud, supports over 800 companies and manages more than 100,000 properties, solidifying its status as a top-tier provider in Japan's real estate and facility management cloud sector.