Multibook Co., Ltd. (Headquarters: Shinagawa-ku, Tokyo; President: Manabu Watabe) announced that Human Holdings Corporation (Headquarters: Shinjuku-ku, Tokyo; President: Tomoya Sato) has decided to implement "multibook" across 10 group companies in Japan and France to comply with the new lease accounting standard.
About Human Holdings
The Human Group operates across education, human resources, nursing care, childcare, IT, beauty, and sports sectors. Celebrating its 40th anniversary in April 2025, the group has maintained its founding philosophy of "contributing to society and people" since 1985. With over 340 domestic locations and 5 overseas entities across 4 countries, it delivers high-quality services through a unique business model that maximizes synergies across its diverse operations.
Background
Human Holdings has been preparing for the new lease accounting standard across 10 companies including domestic group companies and a consolidated French entity. The transition was expected to significantly increase workloads for lease asset data collection, accounting processing, and various reporting requirements. Establishing strong governance across the entire group was a critical challenge, making it urgent to build a lease asset management framework that could deliver consistent operations across domestic and international entities while maintaining compatibility with existing accounting systems.
Why multibook Was Selected
- Capability to handle consolidation adjustment entries for overseas subsidiary leases
- Ability to output reports on the difference between accounting expenses and tax-deductible amounts, as well as tax effect accounting information, for cases where assets are recognized for accounting purposes but not for tax purposes
- Support for inter-departmental allocation of shared lease assets with high operability
- Rapid deployment in a cloud environment
- Detailed functional verification during the proposal and demo stages, enabling a concrete operational vision post-implementation
Future Outlook
Multibook will support Human Holdings' new lease accounting standard compliance not merely as regulatory compliance, but as an initiative to strengthen lease asset management governance across the entire group.