diff --git a/compiler/fir/fir2ir/tests-gen/org/jetbrains/kotlin/test/runners/codegen/FirBlackBoxModernJdkCodegenTestGenerated.java b/compiler/fir/fir2ir/tests-gen/org/jetbrains/kotlin/test/runners/codegen/FirBlackBoxModernJdkCodegenTestGenerated.java
index 94d8e994df6..636f1f592de 100644
--- a/compiler/fir/fir2ir/tests-gen/org/jetbrains/kotlin/test/runners/codegen/FirBlackBoxModernJdkCodegenTestGenerated.java
+++ b/compiler/fir/fir2ir/tests-gen/org/jetbrains/kotlin/test/runners/codegen/FirBlackBoxModernJdkCodegenTestGenerated.java
@@ -405,6 +405,12 @@ public class FirBlackBoxModernJdkCodegenTestGenerated extends AbstractFirBlackBo
             public void testRecordPropertyAccess() throws Exception {
                 runTest("compiler/testData/codegen/boxModernJdk/testsWithJava17/records/recordPropertyAccess.kt");
             }
+
+            @Test
+            @TestMetadata("recordWithCompanion.kt")
+            public void testRecordWithCompanion() throws Exception {
+                runTest("compiler/testData/codegen/boxModernJdk/testsWithJava17/records/recordWithCompanion.kt");
+            }
         }
 
         @Nested
diff --git a/compiler/testData/codegen/boxModernJdk/testsWithJava17/records/recordWithCompanion.fir.ir.txt b/compiler/testData/codegen/boxModernJdk/testsWithJava17/records/recordWithCompanion.fir.ir.txt
new file mode 100644
index 00000000000..ef8af68d708
--- /dev/null
+++ b/compiler/testData/codegen/boxModernJdk/testsWithJava17/records/recordWithCompanion.fir.ir.txt
@@ -0,0 +1,131 @@
+FILE fqName:<root> fileName:/recordWithCompanion.kt
+  CLASS CLASS name:Tag modality:FINAL visibility:public [data] superTypes:[java.lang.Record]
+    annotations:
+      JvmRecord
+    $this: VALUE_PARAMETER INSTANCE_RECEIVER name:<this> type:<root>.Tag
+    CONSTRUCTOR visibility:public <> (id:kotlin.String) returnType:<root>.Tag [primary]
+      VALUE_PARAMETER name:id index:0 type:kotlin.String
+      BLOCK_BODY
+        DELEGATING_CONSTRUCTOR_CALL 'protected/*protected and package*/ constructor <init> () declared in java.lang.Record'
+        INSTANCE_INITIALIZER_CALL classDescriptor='CLASS CLASS name:Tag modality:FINAL visibility:public [data] superTypes:[java.lang.Record]'
+    PROPERTY name:id visibility:public modality:FINAL [val]
+      FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]
+        EXPRESSION_BODY
+          GET_VAR 'id: kotlin.String declared in <root>.Tag.<init>' type=kotlin.String origin=INITIALIZE_PROPERTY_FROM_PARAMETER
+      FUN DEFAULT_PROPERTY_ACCESSOR name:<get-id> visibility:public modality:FINAL <> ($this:<root>.Tag) returnType:kotlin.String
+        correspondingProperty: PROPERTY name:id visibility:public modality:FINAL [val]
+        $this: VALUE_PARAMETER name:<this> type:<root>.Tag
+        BLOCK_BODY
+          RETURN type=kotlin.Nothing from='public final fun <get-id> (): kotlin.String declared in <root>.Tag'
+            GET_FIELD 'FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]' type=kotlin.String origin=null
+              receiver: GET_VAR '<this>: <root>.Tag declared in <root>.Tag.<get-id>' type=<root>.Tag origin=null
+    CLASS OBJECT name:Companion modality:FINAL visibility:public [companion] superTypes:[kotlin.Any]
+      $this: VALUE_PARAMETER INSTANCE_RECEIVER name:<this> type:<root>.Tag.Companion
+      CONSTRUCTOR visibility:private <> () returnType:<root>.Tag.Companion [primary]
+        BLOCK_BODY
+          DELEGATING_CONSTRUCTOR_CALL 'protected/*protected and package*/ constructor <init> () declared in java.lang.Record'
+          INSTANCE_INITIALIZER_CALL classDescriptor='CLASS OBJECT name:Companion modality:FINAL visibility:public [companion] superTypes:[kotlin.Any]'
+      FUN FAKE_OVERRIDE name:equals visibility:public modality:OPEN <> ($this:kotlin.Any, other:kotlin.Any?) returnType:kotlin.Boolean [fake_override,operator]
+        overridden:
+          public open fun equals (other: kotlin.Any?): kotlin.Boolean [operator] declared in kotlin.Any
+        $this: VALUE_PARAMETER name:<this> type:kotlin.Any
+        VALUE_PARAMETER name:other index:0 type:kotlin.Any?
+      FUN FAKE_OVERRIDE name:hashCode visibility:public modality:OPEN <> ($this:kotlin.Any) returnType:kotlin.Int [fake_override]
+        overridden:
+          public open fun hashCode (): kotlin.Int declared in kotlin.Any
+        $this: VALUE_PARAMETER name:<this> type:kotlin.Any
+      FUN FAKE_OVERRIDE name:toString visibility:public modality:OPEN <> ($this:kotlin.Any) returnType:kotlin.String [fake_override]
+        overridden:
+          public open fun toString (): kotlin.String declared in kotlin.Any
+        $this: VALUE_PARAMETER name:<this> type:kotlin.Any
+    FUN name:component1 visibility:public modality:FINAL <> ($this:<root>.Tag) returnType:kotlin.String [operator]
+      $this: VALUE_PARAMETER name:<this> type:<root>.Tag
+      BLOCK_BODY
+        RETURN type=kotlin.Nothing from='public final fun component1 (): kotlin.String [operator] declared in <root>.Tag'
+          GET_FIELD 'FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]' type=kotlin.String origin=null
+            receiver: GET_VAR '<this>: <root>.Tag declared in <root>.Tag.component1' type=<root>.Tag origin=null
+    FUN name:copy visibility:public modality:FINAL <> ($this:<root>.Tag, id:kotlin.String) returnType:<root>.Tag
+      $this: VALUE_PARAMETER name:<this> type:<root>.Tag
+      VALUE_PARAMETER name:id index:0 type:kotlin.String
+        EXPRESSION_BODY
+          GET_FIELD 'FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]' type=kotlin.String origin=null
+            receiver: GET_VAR '<this>: <root>.Tag declared in <root>.Tag.copy' type=<root>.Tag origin=null
+      BLOCK_BODY
+        RETURN type=kotlin.Nothing from='public final fun copy (id: kotlin.String): <root>.Tag declared in <root>.Tag'
+          CONSTRUCTOR_CALL 'public constructor <init> (id: kotlin.String) [primary] declared in <root>.Tag' type=<root>.Tag origin=null
+            id: GET_VAR 'id: kotlin.String declared in <root>.Tag.copy' type=kotlin.String origin=null
+    FUN GENERATED_DATA_CLASS_MEMBER name:equals visibility:public modality:OPEN <> ($this:<root>.Tag, other:kotlin.Any?) returnType:kotlin.Boolean
+      overridden:
+        public open fun equals (other: kotlin.Any?): kotlin.Boolean [operator] declared in kotlin.Any
+      $this: VALUE_PARAMETER GENERATED_DATA_CLASS_MEMBER name:<this> type:<root>.Tag
+      VALUE_PARAMETER GENERATED_DATA_CLASS_MEMBER name:other index:0 type:kotlin.Any?
+      BLOCK_BODY
+        WHEN type=kotlin.Unit origin=null
+          BRANCH
+            if: CALL 'public final fun EQEQEQ (arg0: kotlin.Any?, arg1: kotlin.Any?): kotlin.Boolean declared in kotlin.internal.ir' type=kotlin.Boolean origin=EQEQEQ
+              arg0: GET_VAR '<this>: <root>.Tag declared in <root>.Tag.equals' type=<root>.Tag origin=null
+              arg1: GET_VAR 'other: kotlin.Any? declared in <root>.Tag.equals' type=kotlin.Any? origin=null
+            then: RETURN type=kotlin.Nothing from='public open fun equals (other: kotlin.Any?): kotlin.Boolean declared in <root>.Tag'
+              CONST Boolean type=kotlin.Boolean value=true
+        WHEN type=kotlin.Unit origin=null
+          BRANCH
+            if: TYPE_OP type=kotlin.Boolean origin=NOT_INSTANCEOF typeOperand=<root>.Tag
+              GET_VAR 'other: kotlin.Any? declared in <root>.Tag.equals' type=kotlin.Any? origin=null
+            then: RETURN type=kotlin.Nothing from='public open fun equals (other: kotlin.Any?): kotlin.Boolean declared in <root>.Tag'
+              CONST Boolean type=kotlin.Boolean value=false
+        VAR IR_TEMPORARY_VARIABLE name:tmp_0 type:<root>.Tag [val]
+          TYPE_OP type=<root>.Tag origin=CAST typeOperand=<root>.Tag
+            GET_VAR 'other: kotlin.Any? declared in <root>.Tag.equals' type=kotlin.Any? origin=null
+        WHEN type=kotlin.Unit origin=null
+          BRANCH
+            if: CALL 'public final fun not (): kotlin.Boolean [operator] declared in kotlin.Boolean' type=kotlin.Boolean origin=EXCLEQ
+              $this: CALL 'public final fun EQEQ (arg0: kotlin.Any?, arg1: kotlin.Any?): kotlin.Boolean declared in kotlin.internal.ir' type=kotlin.Boolean origin=EXCLEQ
+                arg0: GET_FIELD 'FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]' type=kotlin.String origin=null
+                  receiver: GET_VAR '<this>: <root>.Tag declared in <root>.Tag.equals' type=<root>.Tag origin=null
+                arg1: GET_FIELD 'FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]' type=kotlin.String origin=null
+                  receiver: GET_VAR 'val tmp_0: <root>.Tag [val] declared in <root>.Tag.equals' type=<root>.Tag origin=null
+            then: RETURN type=kotlin.Nothing from='public open fun equals (other: kotlin.Any?): kotlin.Boolean declared in <root>.Tag'
+              CONST Boolean type=kotlin.Boolean value=false
+        RETURN type=kotlin.Nothing from='public open fun equals (other: kotlin.Any?): kotlin.Boolean declared in <root>.Tag'
+          CONST Boolean type=kotlin.Boolean value=true
+    FUN GENERATED_DATA_CLASS_MEMBER name:hashCode visibility:public modality:OPEN <> ($this:<root>.Tag) returnType:kotlin.Int
+      overridden:
+        public open fun hashCode (): kotlin.Int declared in kotlin.Any
+      $this: VALUE_PARAMETER GENERATED_DATA_CLASS_MEMBER name:<this> type:<root>.Tag
+      BLOCK_BODY
+        RETURN type=kotlin.Nothing from='public open fun hashCode (): kotlin.Int declared in <root>.Tag'
+          CALL 'public open fun hashCode (): kotlin.Int [fake_override] declared in kotlin.String' type=kotlin.Int origin=null
+            $this: GET_FIELD 'FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]' type=kotlin.String origin=null
+              receiver: GET_VAR '<this>: <root>.Tag declared in <root>.Tag.hashCode' type=<root>.Tag origin=null
+    FUN GENERATED_DATA_CLASS_MEMBER name:toString visibility:public modality:OPEN <> ($this:<root>.Tag) returnType:kotlin.String
+      overridden:
+        public open fun toString (): kotlin.String declared in kotlin.Any
+      $this: VALUE_PARAMETER GENERATED_DATA_CLASS_MEMBER name:<this> type:<root>.Tag
+      BLOCK_BODY
+        RETURN type=kotlin.Nothing from='public open fun toString (): kotlin.String declared in <root>.Tag'
+          STRING_CONCATENATION type=kotlin.String
+            CONST String type=kotlin.String value="Tag("
+            CONST String type=kotlin.String value="id="
+            GET_FIELD 'FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]' type=kotlin.String origin=null
+              receiver: GET_VAR '<this>: <root>.Tag declared in <root>.Tag.toString' type=<root>.Tag origin=null
+            CONST String type=kotlin.String value=")"
+  FUN name:box visibility:public modality:FINAL <> () returnType:kotlin.String
+    BLOCK_BODY
+      RETURN type=kotlin.Nothing from='public final fun box (): kotlin.String declared in <root>'
+        CALL 'public final fun <get-id> (): kotlin.String declared in <root>.Tag' type=kotlin.String origin=GET_PROPERTY
+          $this: CONSTRUCTOR_CALL 'public constructor <init> (id: kotlin.String) [primary] declared in <root>.Tag' type=<root>.Tag origin=null
+            id: CONST String type=kotlin.String value="OK"
+FILE fqName:<root> fileName:/Generated_Box_Main.kt
+  FUN name:main visibility:public modality:FINAL <> () returnType:kotlin.Unit [suspend]
+    BLOCK_BODY
+      VAR name:res type:kotlin.String [val]
+        CALL 'public final fun box (): kotlin.String declared in <root>' type=kotlin.String origin=null
+      WHEN type=kotlin.Unit origin=IF
+        BRANCH
+          if: CALL 'public final fun not (): kotlin.Boolean [operator] declared in kotlin.Boolean' type=kotlin.Boolean origin=EXCLEQ
+            $this: CALL 'public final fun EQEQ (arg0: kotlin.Any?, arg1: kotlin.Any?): kotlin.Boolean declared in kotlin.internal.ir' type=kotlin.Boolean origin=EXCLEQ
+              arg0: GET_VAR 'val res: kotlin.String [val] declared in <root>.main' type=kotlin.String origin=null
+              arg1: CONST String type=kotlin.String value="OK"
+          then: THROW type=kotlin.Nothing
+            CONSTRUCTOR_CALL 'public constructor <init> (p0: @[FlexibleNullability] kotlin.Any?) declared in java.lang.AssertionError' type=java.lang.AssertionError origin=null
+              p0: GET_VAR 'val res: kotlin.String [val] declared in <root>.main' type=kotlin.String origin=null
diff --git a/compiler/testData/codegen/boxModernJdk/testsWithJava17/records/recordWithCompanion.ir.txt b/compiler/testData/codegen/boxModernJdk/testsWithJava17/records/recordWithCompanion.ir.txt
new file mode 100644
index 00000000000..150f7c839d1
--- /dev/null
+++ b/compiler/testData/codegen/boxModernJdk/testsWithJava17/records/recordWithCompanion.ir.txt
@@ -0,0 +1,131 @@
+FILE fqName:<root> fileName:/recordWithCompanion.kt
+  CLASS CLASS name:Tag modality:FINAL visibility:public [data] superTypes:[java.lang.Record]
+    annotations:
+      JvmRecord
+    $this: VALUE_PARAMETER INSTANCE_RECEIVER name:<this> type:<root>.Tag
+    CONSTRUCTOR visibility:public <> (id:kotlin.String) returnType:<root>.Tag [primary]
+      VALUE_PARAMETER name:id index:0 type:kotlin.String
+      BLOCK_BODY
+        DELEGATING_CONSTRUCTOR_CALL 'protected/*protected and package*/ constructor <init> () declared in java.lang.Record'
+        INSTANCE_INITIALIZER_CALL classDescriptor='CLASS CLASS name:Tag modality:FINAL visibility:public [data] superTypes:[java.lang.Record]'
+    PROPERTY name:id visibility:public modality:FINAL [val]
+      FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]
+        EXPRESSION_BODY
+          GET_VAR 'id: kotlin.String declared in <root>.Tag.<init>' type=kotlin.String origin=INITIALIZE_PROPERTY_FROM_PARAMETER
+      FUN DEFAULT_PROPERTY_ACCESSOR name:<get-id> visibility:public modality:FINAL <> ($this:<root>.Tag) returnType:kotlin.String
+        correspondingProperty: PROPERTY name:id visibility:public modality:FINAL [val]
+        $this: VALUE_PARAMETER name:<this> type:<root>.Tag
+        BLOCK_BODY
+          RETURN type=kotlin.Nothing from='public final fun <get-id> (): kotlin.String declared in <root>.Tag'
+            GET_FIELD 'FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]' type=kotlin.String origin=null
+              receiver: GET_VAR '<this>: <root>.Tag declared in <root>.Tag.<get-id>' type=<root>.Tag origin=null
+    CLASS OBJECT name:Companion modality:FINAL visibility:public [companion] superTypes:[kotlin.Any]
+      $this: VALUE_PARAMETER INSTANCE_RECEIVER name:<this> type:<root>.Tag.Companion
+      CONSTRUCTOR visibility:private <> () returnType:<root>.Tag.Companion [primary]
+        BLOCK_BODY
+          DELEGATING_CONSTRUCTOR_CALL 'public constructor <init> () [primary] declared in kotlin.Any'
+          INSTANCE_INITIALIZER_CALL classDescriptor='CLASS OBJECT name:Companion modality:FINAL visibility:public [companion] superTypes:[kotlin.Any]'
+      FUN FAKE_OVERRIDE name:equals visibility:public modality:OPEN <> ($this:kotlin.Any, other:kotlin.Any?) returnType:kotlin.Boolean [fake_override,operator]
+        overridden:
+          public open fun equals (other: kotlin.Any?): kotlin.Boolean [operator] declared in kotlin.Any
+        $this: VALUE_PARAMETER name:<this> type:kotlin.Any
+        VALUE_PARAMETER name:other index:0 type:kotlin.Any?
+      FUN FAKE_OVERRIDE name:hashCode visibility:public modality:OPEN <> ($this:kotlin.Any) returnType:kotlin.Int [fake_override]
+        overridden:
+          public open fun hashCode (): kotlin.Int declared in kotlin.Any
+        $this: VALUE_PARAMETER name:<this> type:kotlin.Any
+      FUN FAKE_OVERRIDE name:toString visibility:public modality:OPEN <> ($this:kotlin.Any) returnType:kotlin.String [fake_override]
+        overridden:
+          public open fun toString (): kotlin.String declared in kotlin.Any
+        $this: VALUE_PARAMETER name:<this> type:kotlin.Any
+    FUN GENERATED_DATA_CLASS_MEMBER name:component1 visibility:public modality:FINAL <> ($this:<root>.Tag) returnType:kotlin.String [operator]
+      $this: VALUE_PARAMETER name:<this> type:<root>.Tag
+      BLOCK_BODY
+        RETURN type=kotlin.Nothing from='public final fun component1 (): kotlin.String [operator] declared in <root>.Tag'
+          GET_FIELD 'FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]' type=kotlin.String origin=null
+            receiver: GET_VAR '<this>: <root>.Tag declared in <root>.Tag.component1' type=<root>.Tag origin=null
+    FUN GENERATED_DATA_CLASS_MEMBER name:copy visibility:public modality:FINAL <> ($this:<root>.Tag, id:kotlin.String) returnType:<root>.Tag
+      $this: VALUE_PARAMETER name:<this> type:<root>.Tag
+      VALUE_PARAMETER name:id index:0 type:kotlin.String
+        EXPRESSION_BODY
+          GET_FIELD 'FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]' type=kotlin.String origin=null
+            receiver: GET_VAR '<this>: <root>.Tag declared in <root>.Tag.copy' type=<root>.Tag origin=null
+      BLOCK_BODY
+        RETURN type=kotlin.Nothing from='public final fun copy (id: kotlin.String): <root>.Tag declared in <root>.Tag'
+          CONSTRUCTOR_CALL 'public constructor <init> (id: kotlin.String) [primary] declared in <root>.Tag' type=<root>.Tag origin=null
+            id: GET_VAR 'id: kotlin.String declared in <root>.Tag.copy' type=kotlin.String origin=null
+    FUN GENERATED_DATA_CLASS_MEMBER name:toString visibility:public modality:OPEN <> ($this:<root>.Tag) returnType:kotlin.String
+      overridden:
+        public abstract fun toString (): @[EnhancedNullability] kotlin.String declared in java.lang.Record
+      $this: VALUE_PARAMETER name:<this> type:<root>.Tag
+      BLOCK_BODY
+        RETURN type=kotlin.Nothing from='public open fun toString (): kotlin.String declared in <root>.Tag'
+          STRING_CONCATENATION type=kotlin.String
+            CONST String type=kotlin.String value="Tag("
+            CONST String type=kotlin.String value="id="
+            GET_FIELD 'FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]' type=kotlin.String origin=null
+              receiver: GET_VAR '<this>: <root>.Tag declared in <root>.Tag.toString' type=<root>.Tag origin=null
+            CONST String type=kotlin.String value=")"
+    FUN GENERATED_DATA_CLASS_MEMBER name:hashCode visibility:public modality:OPEN <> ($this:<root>.Tag) returnType:kotlin.Int
+      overridden:
+        public abstract fun hashCode (): kotlin.Int declared in java.lang.Record
+      $this: VALUE_PARAMETER name:<this> type:<root>.Tag
+      BLOCK_BODY
+        RETURN type=kotlin.Nothing from='public open fun hashCode (): kotlin.Int declared in <root>.Tag'
+          CALL 'public open fun hashCode (): kotlin.Int [fake_override] declared in kotlin.String' type=kotlin.Int origin=null
+            $this: GET_FIELD 'FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]' type=kotlin.String origin=null
+              receiver: GET_VAR '<this>: <root>.Tag declared in <root>.Tag.hashCode' type=<root>.Tag origin=null
+    FUN GENERATED_DATA_CLASS_MEMBER name:equals visibility:public modality:OPEN <> ($this:<root>.Tag, other:kotlin.Any?) returnType:kotlin.Boolean [operator]
+      overridden:
+        public abstract fun equals (other: @[EnhancedNullability] kotlin.Any?): kotlin.Boolean [operator] declared in java.lang.Record
+      $this: VALUE_PARAMETER name:<this> type:<root>.Tag
+      VALUE_PARAMETER name:other index:0 type:kotlin.Any?
+      BLOCK_BODY
+        WHEN type=kotlin.Unit origin=null
+          BRANCH
+            if: CALL 'public final fun EQEQEQ (arg0: kotlin.Any?, arg1: kotlin.Any?): kotlin.Boolean declared in kotlin.internal.ir' type=kotlin.Boolean origin=EQEQEQ
+              arg0: GET_VAR '<this>: <root>.Tag declared in <root>.Tag.equals' type=<root>.Tag origin=null
+              arg1: GET_VAR 'other: kotlin.Any? declared in <root>.Tag.equals' type=kotlin.Any? origin=null
+            then: RETURN type=kotlin.Nothing from='public open fun equals (other: kotlin.Any?): kotlin.Boolean [operator] declared in <root>.Tag'
+              CONST Boolean type=kotlin.Boolean value=true
+        WHEN type=kotlin.Unit origin=null
+          BRANCH
+            if: TYPE_OP type=kotlin.Boolean origin=NOT_INSTANCEOF typeOperand=<root>.Tag
+              GET_VAR 'other: kotlin.Any? declared in <root>.Tag.equals' type=kotlin.Any? origin=null
+            then: RETURN type=kotlin.Nothing from='public open fun equals (other: kotlin.Any?): kotlin.Boolean [operator] declared in <root>.Tag'
+              CONST Boolean type=kotlin.Boolean value=false
+        VAR IR_TEMPORARY_VARIABLE name:tmp_0 type:<root>.Tag [val]
+          TYPE_OP type=<root>.Tag origin=CAST typeOperand=<root>.Tag
+            GET_VAR 'other: kotlin.Any? declared in <root>.Tag.equals' type=kotlin.Any? origin=null
+        WHEN type=kotlin.Unit origin=null
+          BRANCH
+            if: CALL 'public final fun not (): kotlin.Boolean [operator] declared in kotlin.Boolean' type=kotlin.Boolean origin=EXCLEQ
+              $this: CALL 'public final fun EQEQ (arg0: kotlin.Any?, arg1: kotlin.Any?): kotlin.Boolean declared in kotlin.internal.ir' type=kotlin.Boolean origin=EXCLEQ
+                arg0: GET_FIELD 'FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]' type=kotlin.String origin=null
+                  receiver: GET_VAR '<this>: <root>.Tag declared in <root>.Tag.equals' type=<root>.Tag origin=null
+                arg1: GET_FIELD 'FIELD PROPERTY_BACKING_FIELD name:id type:kotlin.String visibility:private [final]' type=kotlin.String origin=null
+                  receiver: GET_VAR 'val tmp_0: <root>.Tag [val] declared in <root>.Tag.equals' type=<root>.Tag origin=null
+            then: RETURN type=kotlin.Nothing from='public open fun equals (other: kotlin.Any?): kotlin.Boolean [operator] declared in <root>.Tag'
+              CONST Boolean type=kotlin.Boolean value=false
+        RETURN type=kotlin.Nothing from='public open fun equals (other: kotlin.Any?): kotlin.Boolean [operator] declared in <root>.Tag'
+          CONST Boolean type=kotlin.Boolean value=true
+  FUN name:box visibility:public modality:FINAL <> () returnType:kotlin.String
+    BLOCK_BODY
+      RETURN type=kotlin.Nothing from='public final fun box (): kotlin.String declared in <root>'
+        CALL 'public final fun <get-id> (): kotlin.String declared in <root>.Tag' type=kotlin.String origin=GET_PROPERTY
+          $this: CONSTRUCTOR_CALL 'public constructor <init> (id: kotlin.String) [primary] declared in <root>.Tag' type=<root>.Tag origin=null
+            id: CONST String type=kotlin.String value="OK"
+FILE fqName:<root> fileName:/Generated_Box_Main.kt
+  FUN name:main visibility:public modality:FINAL <> () returnType:kotlin.Unit [suspend]
+    BLOCK_BODY
+      VAR name:res type:kotlin.String [val]
+        CALL 'public final fun box (): kotlin.String declared in <root>' type=kotlin.String origin=null
+      WHEN type=kotlin.Unit origin=IF
+        BRANCH
+          if: CALL 'public final fun not (): kotlin.Boolean [operator] declared in kotlin.Boolean' type=kotlin.Boolean origin=EXCLEQ
+            $this: CALL 'public final fun EQEQ (arg0: kotlin.Any?, arg1: kotlin.Any?): kotlin.Boolean declared in kotlin.internal.ir' type=kotlin.Boolean origin=EXCLEQ
+              arg0: GET_VAR 'val res: kotlin.String [val] declared in <root>.main' type=kotlin.String origin=null
+              arg1: CONST String type=kotlin.String value="OK"
+          then: THROW type=kotlin.Nothing
+            CONSTRUCTOR_CALL 'public constructor <init> (p0: @[FlexibleNullability] kotlin.Any?) declared in java.lang.AssertionError' type=java.lang.AssertionError origin=null
+              p0: GET_VAR 'val res: kotlin.String [val] declared in <root>.main' type=kotlin.String origin=null
diff --git a/compiler/testData/codegen/boxModernJdk/testsWithJava17/records/recordWithCompanion.kt b/compiler/testData/codegen/boxModernJdk/testsWithJava17/records/recordWithCompanion.kt
new file mode 100644
index 00000000000..66f823b82b3
--- /dev/null
+++ b/compiler/testData/codegen/boxModernJdk/testsWithJava17/records/recordWithCompanion.kt
@@ -0,0 +1,13 @@
+// ISSUE: KT-55703
+// DUMP_IR
+
+@JvmRecord
+data class Tag(
+    val id: String,
+) {
+    companion object
+}
+
+fun box(): String {
+    return Tag("OK").id
+}
diff --git a/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/BlackBoxModernJdkCodegenTestGenerated.java b/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/BlackBoxModernJdkCodegenTestGenerated.java
index 59cc8708906..de5ba730df6 100644
--- a/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/BlackBoxModernJdkCodegenTestGenerated.java
+++ b/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/BlackBoxModernJdkCodegenTestGenerated.java
@@ -381,6 +381,12 @@ public class BlackBoxModernJdkCodegenTestGenerated extends AbstractBlackBoxCodeg
             public void testRecordPropertyAccess() throws Exception {
                 runTest("compiler/testData/codegen/boxModernJdk/testsWithJava17/records/recordPropertyAccess.kt");
             }
+
+            @Test
+            @TestMetadata("recordWithCompanion.kt")
+            public void testRecordWithCompanion() throws Exception {
+                runTest("compiler/testData/codegen/boxModernJdk/testsWithJava17/records/recordWithCompanion.kt");
+            }
         }
 
         @Nested
diff --git a/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/IrBlackBoxModernJdkCodegenTestGenerated.java b/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/IrBlackBoxModernJdkCodegenTestGenerated.java
index 5b80298c240..6848bd2e9f9 100644
--- a/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/IrBlackBoxModernJdkCodegenTestGenerated.java
+++ b/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/IrBlackBoxModernJdkCodegenTestGenerated.java
@@ -405,6 +405,12 @@ public class IrBlackBoxModernJdkCodegenTestGenerated extends AbstractIrBlackBoxC
             public void testRecordPropertyAccess() throws Exception {
                 runTest("compiler/testData/codegen/boxModernJdk/testsWithJava17/records/recordPropertyAccess.kt");
             }
+
+            @Test
+            @TestMetadata("recordWithCompanion.kt")
+            public void testRecordWithCompanion() throws Exception {
+                runTest("compiler/testData/codegen/boxModernJdk/testsWithJava17/records/recordWithCompanion.kt");
+            }
         }
 
         @Nested