Distribution of dedicated prompts for the 'New Lease Accounting Standards' applicable from April 2027 begins in GVA TECH's 'AI Extraction Function' for contract management

GVA TECH Inc. (Headquarters: Minato-ku, Tokyo; Representative Director: Shun Yamamoto; hereinafter referred to as "GVA TECH") has begun distributing seven dedicated prompts that can automatically extract items compliant with the "New Lease Accounting Standards," which are scheduled to be mandatorily applied from business periods commencing after April 2027, within the "AI Extraction Function" for contract management of its legal automation service "OLGA (Oruga)."

These prompts will be distributed to customers who have subscribed to the "AI Extraction Function," which allows AI to automatically extract any items from contracts.

Background of the Update

Under the "New Lease Accounting Standards," which are scheduled to be mandatorily applied from business years commencing after April 2027, companies will be required to recognize all lease transactions (including traditional operating leases) as assets and liabilities on their balance sheets (on-balance sheet). This means that companies must identify lease transactions within their vast existing and new contracts and accurately extract the information necessary for accounting treatment.

However, this transition process has presented significant challenges, including:

Man-hours associated with visual inspection of numerous contracts

Requiring confirmation and transcription of lease periods, lease payments, etc., for each contract, including past ones, placing a considerable burden on legal and accounting departments.

Omissions and errors in extracted items

Risk of overlooking or misinterpreting necessary information due to the diverse expressions used in contracts.

Localization of specialized knowledge

Appropriate information extraction according to the new accounting standards requires specialized knowledge, often leading to a concentration of work on specific individuals.

To address these challenges and support companies in their smooth transition to the new lease accounting standards, we have decided to distribute dedicated prompts that can be used with OLGA's "AI Extraction Function" for contract management.

Overview of the "AI Extraction Function" and New Prompts

The "AI Extraction Function" integrated into OLGA's contract management allows AI to automatically extract any items from contracts based on prompts set by the customer.

The "New Lease Accounting Standards Compatible Prompts" being released now consist of seven prompts that not only extract items necessary for identifying past contracts as lease or non-lease but also enable the extraction of lease periods, fees, and breakdowns that are useful for accounting calculations.

This allows customers to extract necessary information from uploaded contracts without the hassle of devising and setting up complex instructions themselves.

【Extractable Items】

Whether the contract falls under the new lease accounting standards

Reason for applicability/non-applicability

Contractual amount (total amount, monthly amount, etc.)

Quantity and unit price of leased assets

Presence of automatic renewal/extension options

Presence of early termination (and penalty clauses)

Maintenance and upkeep costs

*Contract period (lease period) can be extracted using the standard function.

*These prompts are provided to customers who have subscribed (new or existing) to the "AI Extraction Function" of the legal automation service "OLGA." After subscription, your dedicated Customer Success manager will provide guidance on how to set up the prompts.

GVA TECH will continue to develop its products based on user feedback to support corporate legal professionals and lawyers.

Seminar Announcement

The new lease accounting standards, scheduled to be applied from business years commencing after April 2027, require companies to inventory existing contracts and identify contracts that may fall under lease agreements.

This applies not only to so-called lease contracts but also to rental agreements for offices and warehouses, equipment usage agreements, and other contracts that include clauses related to the use of specific assets, requiring confirmation of information necessary for accounting treatment decisions.

However, the process of visually inspecting contract periods, amounts, renewal clauses, early termination clauses, maintenance costs, etc., one by one and communicating this information to the accounting department places a significant burden on the legal department.

This webinar will explain the key points for organizing contract information required for compliance with the new lease accounting standards and how to efficiently extract necessary items from a large volume of contracts using OLGA's "AI Extraction Function."

Impact of New Lease Accounting Standards on Legal Practice ~ Preparing for Contract Review Starting Now ~

Date and Time: July 15, 2026 (Wed) 12:10 PM - 12:50 PM

Format: Online (Zoom)

Participation Fee: Free

Registration: https://olga-legal.com/seminar/lease-accounting20260715/

About Legal Automation "OLGA"

Legal Automation "OLGA" is a legal SaaS that automates dispersed legal tasks from legal matter management, contract review, contract management, to CLM (Contract Lifecycle Management) in an integrated manner.

Through flexible integration with external tools, it consolidates information and workflows that were previously managed separately, supporting the creation of a system that allows users to focus on "judgments that only humans can make," rather than just improving operational efficiency.

As a result of actual implementation, one company has eliminated the man-hours previously spent on managing and storing files in Excel, which exceeded 10,000 cases annually. Furthermore, the number of legal consultations, which was approximately 2,700 cases per year, has decreased to less than 900, achieving significant operational efficiency and productivity improvements.

Details of "OLGA"

GVA TECH Company Overview

Representative Director: Shun Yamamoto

Head Office Location: Toranomon 36 Mori Building 8F, 3-4-7 Toranomon, Minato-ku, Tokyo

Date of Establishment: January 4, 2017

Capital: 409 million yen

Stock Exchange Listing: Tokyo Stock Exchange Growth Market (Securities Code: 298A)

URL: https://gvatech.co.jp/

Aiming to "eliminate barriers between law and all activities," GVA TECH develops and provides legal tech. The legal automation service "OLGA (Oruga)" for corporate legal affairs is a legal SaaS that automates legal matter management, contract review, contract management, and CLM (Contract Lifecycle Management) in an integrated manner. The "Benpal" series for law firms supports lawyers' work, from client acquisition support to AI utilization, information management, and operational system development. For small and medium-sized enterprises and sole proprietors, it supports legal procedures through "GVA Corporate Registration" and "GVA Certificate of Registration Acquisition," offering solutions broadly from large corporations to individuals.