Improving the Timeliness of Quarterly Consolidated Information Through Provisional Closing by Consolidated Subsidiaries
First written in FY2022-Q2. 1 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The amount of the Group’s research and development activities for the cumulative third quarter of the current consolidated fiscal year was ¥238 million. There were no significant changes in the status of the Group’s research and development activities during the cumulative third quarter of the current consolidated fiscal year.」
Disclosed research and development expenses of ¥238 million for the cumulative third quarter, while stating that there were no significant changes in research and development activities. - FY2022AdvancedAnnual report
「From the current consolidated fiscal year, the Company has changed to a method of conducting a provisional closing on the consolidated closing date.」
For JAPEX Garraf, the change to conducting a provisional closing on the quarterly consolidated closing date was applied to the annual results, advancing to the operational stage for obtaining more appropriate management information and making disclosures. - FY2022-Q2First statedAnnual report
「Previously, JAPEX Garraf, a consolidated subsidiary whose fiscal year-end was 31 December, prepared the quarterly consolidated financial statements for the corresponding period based on the subsidiary’s quarterly financial statements for that period and made necessary adjustments for significant transactions occurring between that quarter-end and the quarterly consolidated closing date. To provide a more appropriate understanding of management information and disclose the quarterly consolidated financial statements more promptly, the Company has changed to a method of conducting a provisional closing on the quarterly consolidated closing date.」
For JAPEX Garraf, changed from the previous method based on quarterly financial statements to conducting a provisional closing on the quarterly consolidated closing date, with the aim of obtaining more appropriate management information and making quarterly disclosures more timely.