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Hachijuni Bank (TSE:8359) Long-Term Capital Lease Obligation : 円0 Mil (As of Dec. 2023)


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What is Hachijuni Bank Long-Term Capital Lease Obligation?

Hachijuni Bank's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil.


Hachijuni Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hachijuni Bank'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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Hachijuni Bank Long-Term Capital Lease Obligation Chart

Hachijuni Bank Annual Data
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Long-Term Capital Lease Obligation
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Hachijuni Bank Quarterly Data
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Hachijuni Bank  (TSE:8359) 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.

Hachijuni Bank Long-Term Capital Lease Obligation Related Terms

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Hachijuni Bank (TSE:8359) Business Description

Industry
Traded in Other Exchanges
Address
178-8 Okada, Nagano, JPN, 380-8682
Hachijuni Bank Ltd is a Japan-based company that is principally engaged in banking. The company is a regional bank, with its business mainly based in Nagano Prefecture. The company's core business segments consist of the leasing business segment and the banking business segment, which includes the banking and credit card businesses. The company generates the majority of revenue from the banking business segment. The majority of its branches are located in certain areas of Japan, and the firm also has a business presence in overseas markets such as Hong Kong, Dalian, Shanghai, and Bangkok.

Hachijuni Bank (TSE:8359) Headlines

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