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Shimamura Co (TSE:8227) Long-Term Capital Lease Obligation : 円0 Mil (As of Feb. 2024)


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What is Shimamura Co Long-Term Capital Lease Obligation?

Shimamura Co's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円0 Mil.


Shimamura Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shimamura Co's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shimamura Co Long-Term Capital Lease Obligation Chart

Shimamura Co Annual Data
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Long-Term Capital Lease Obligation
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Shimamura Co Quarterly Data
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Shimamura Co  (TSE:8227) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Shimamura Co (TSE:8227) Business Description

Traded in Other Exchanges
Address
2-19-4 Miyahara-cho, Kita-ku, Saitama, JPN, 331-9550
Shimamura Co Ltd is a Japanese apparel retailer. Its core business is Fashion Center Temura, which has over 1,000 stores and sells items for families, primarily to housewives in their twenties to fifties. Fashion Center Temura focuses on low price private brands. Stores are in residential areas in the suburbs and in large cities, including Tokyo and Osaka. Shimamura has more than 500 stores under other brand names that include Casual and Shoes Avel, Baby/Chilren's Goods Birthday, Chambre, and Divero. The company's stores are primarily in Japan, but it has some brands in Taiwan and Shanghai.

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