Maruhan Upgrades ProPlus for New Lease Accounting Standards Compliance

In a strategic move to align with the new lease accounting standards set to take effect in 2027, Maruhan Corporation has decided to enhance its existing ProPlus asset management system. This upgrade, facilitated by ProShip, a specialized software vendor based in Tokyo, promises to streamline operations across Maruhan's extensive network of entertainment facilities.

Background and Challenges

Maruhan, recognized as a leading entertainment company in Japan, has been preparing for the imminent changes brought by the new lease accounting standards. These changes demand a thorough examination of existing systems and procedures, especially given the potential significant impact on financial statements across its many operational sites. In response to these challenges, Maruhan sought a reliable and efficient system that could smoothly transition to the new standards while minimizing operational disruption.

Selection Reason

Several criteria played a pivotal role in the decision to continue utilizing and upgrading the ProPlus series:
1. Ensured Continuity and Efficiency: The system already effectively encompasses complex operational needs, including construction in progress, while leveraging enhanced functionalities of ProPlus Ver.6 for improved efficiency.
2. Expertise and Proven Implementation Record: ProShip demonstrates extensive experience in the field of fixed assets and lease accounting, backed by dedicated project leads and robust support, instilling confidence in their implementation process.
3. Adaptability to Future Regulations: The ProPlus system is designed to be flexible, accommodating regulatory changes and technological advancements, thus maintaining its relevance and functionality.