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Kiyo Bank, (TSE:8370) Long-Term Capital Lease Obligation : 円0 Mil (As of Dec. 2023)


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What is Kiyo Bank, Long-Term Capital Lease Obligation?

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


Kiyo Bank, Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kiyo 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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Kiyo Bank, Long-Term Capital Lease Obligation Chart

Kiyo Bank, Annual Data
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Long-Term Capital Lease Obligation
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Kiyo Bank, Quarterly Data
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Kiyo Bank,  (TSE:8370) 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.

Kiyo Bank, Long-Term Capital Lease Obligation Related Terms

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Kiyo Bank, (TSE:8370) Business Description

Industry
Traded in Other Exchanges
N/A
Address
35, Honmachi 1-chome, Chiyoda-Ku, Wakayama, JPN, 640-8656
The Kiyo Bank, Ltd provides banking products and services to individuals, corporations, and small businesses in Japan. Its branch network is concentrated between Wakayama prefecture and Osaka prefecture, with a small number of branches in Nara prefecture and Tokyo. The bank generates almost all revenue domestically. The core revenue driver is banking products which include deposits, loans, insurance, pensions, investment trusts, Internet banking, farm banking, and credit and debit cards. The bank also offers other services such as mergers and acquisition advisory, securities investment and trading of government bonds.

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