Regarding a media report on the accounting treatment of lease transactions in Japanese accounting standards.


On April 22nd, a media report stated that accounting standards for asset recognition in lease transactions may be revised in Japanese accounting standards, similar to International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP), to recognize operating lease transactions as assets.

As many of our lessees are foreign corporations and have already adopted IFRS, we do not anticipate any significant impact on our Leasing Fund Business even if operating lease transactions are recognized as assets under Japanese accounting standards.