Recognition of Dividends Received from Australian Wambo in Operating Profit
First written in FY2020. 4 of 7 entries say "Restated". Latest entry: FY2026.
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- FY2026RestatedAnnual report
「From the current consolidated fiscal year, the profit distribution from the investee has been recognized as dividends received under non-operating income.」
The Company continues to present profit distributions from Wambo as dividends received under non-operating income. Dividends received amounted to ¥2,408 million. - FY2025ReframedAnnual report
「From the current consolidated fiscal year, the profit distribution from the investee has been recognized as dividends received under non-operating income.」
The presentation of profit distributions from Wambo has changed from net sales and coal business revenue to dividends received under non-operating income, in line with the presentation used within the Aso Group. - FY2022RestatedAnnual report
「In addition, dividend income from Wambo in Australia, an investee of the Company, amounted to ¥12,404 million, partly because dividends resumed as coal market conditions recovered.」
The Company continues to include dividend income from Wambo in coal business net sales and describes the resumption of dividends following the recovery in coal market conditions as a factor affecting results. - FY2021RestatedAnnual report
「Previously, dividend income from and related expenses associated with Wambo in Australia, an investee of the Company's consolidated subsidiary Sumiseki Materials Co., Ltd., were recognized as non-operating income and non-operating expenses, respectively. From the current consolidated fiscal year, the Company has changed the method of recognition so that they are included in net sales and selling, general and administrative expenses, respectively.」
The Company continues to apply the method of including dividend income from Wambo in net sales and related expenses in selling, general and administrative expenses as part of the coal business. - FY2021-Q3RestatedAnnual report
「Previously, dividend income from and related expenses associated with Wambo in Australia, an investee of the Company's consolidated subsidiary Sumiseki Materials Co., Ltd., were recognized as non-operating income and non-operating expenses, respectively. From the current consolidated fiscal year, the Company has changed the method of recognition so that they are included in net sales and selling, general and administrative expenses, respectively.」
The Company continues to apply the change in presentation under which dividend income from Wambo is included in net sales and related expenses in selling, general and administrative expenses. - FY2021-Q2ReframedAnnual report
「Previously, dividend income from and related expenses associated with Wambo in Australia, an investee of the Company's consolidated subsidiary Sumiseki Materials Co., Ltd., were recognized as non-operating income and non-operating expenses, respectively. From the current consolidated fiscal year, the Company has changed the method of recognition so that they are included in net sales and selling, general and administrative expenses, respectively.」
The policy announced in the previous fiscal year for recognition in operating profit has been implemented and specified in this filing as a method of presenting dividend income as net sales and related expenses as selling, general and administrative expenses as part of the coal business. - FY2020First statedAnnual report
「From the next consolidated fiscal year, the accounting treatment for dividends received from Wambo in Australia has been changed so that they are recognized in operating profit.」
The Company has disclosed that, from the next consolidated fiscal year, dividends received from Wambo in Australia will be recognized in operating profit.