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Ogaki Kyoritsu Bank (TSE:8361) Long-Term Capital Lease Obligation : 円0 Mil (As of Mar. 2024)


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What is Ogaki Kyoritsu Bank Long-Term Capital Lease Obligation?

Ogaki Kyoritsu Bank's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円0 Mil.


Ogaki Kyoritsu Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ogaki Kyoritsu 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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Ogaki Kyoritsu Bank Long-Term Capital Lease Obligation Chart

Ogaki Kyoritsu Bank Annual Data
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Long-Term Capital Lease Obligation
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Ogaki Kyoritsu Bank Quarterly Data
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Ogaki Kyoritsu Bank  (TSE:8361) 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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Ogaki Kyoritsu Bank Business Description

Industry
Traded in Other Exchanges
N/A
Address
3-98 Kuruwa-machi, Ogaki, Gifu, JPN, 503-8602
Ogaki Kyoritsu Bank Ltd is a Japanese regional bank operating primarily in the island nation's Chubu region. The majority of the bank's branches and locations are in the Gifu and Aichi prefectures, along with its loans and deposits. The balance of the bank's deposits is primarily located in Gifu, while more of the loan balances are located in Aichi. While the bank has few locations in Tokyo/Osaka, it still has a sizable portion of its loan book exposed to the region. The bank has focused its efforts on easing customer access to conduct transactions through financial technology and information technology innovation. Most of its earning assets are in loans and bills discounted, and securities.

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