Reclassification of technology department expenses to selling, general and administrative expenses
First written in FY2021-Q1. 5 of 6 entries say "Restated". Latest entry: FY2025.
0 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「From the 68th fiscal year, the expense classification was changed so that expenses incurred by the technical department, which had previously been recorded as cost of completed construction contracts, are recorded as selling, general and administrative expenses. For the 67th fiscal year, figures after retrospective adjustment reflecting the accounting policy change are presented.」
Continues to disclose the accounting policy change from cost of completed construction contracts to selling, general and administrative expenses for technical department expenses, together with retrospectively adjusted comparative figures. - FY2023RestatedAnnual report
「From the 68th fiscal year, the expense classification was changed so that expenses incurred by the technical department, which had previously been recorded as cost of completed construction contracts, are recorded as selling, general and administrative expenses. For the 67th fiscal year, figures after retrospective adjustment reflecting the accounting policy change are presented.」
Continues to disclose the accounting policy change from cost of completed construction contracts to selling, general and administrative expenses for technical department expenses, together with retrospectively adjusted comparative figures. - FY2022RestatedAnnual report
「From the 68th fiscal year, the expense classification was changed so that expenses incurred by the technical department, which had previously been recorded as cost of completed construction contracts, are recorded as selling, general and administrative expenses. For the 67th fiscal year, figures after retrospective adjustment reflecting the accounting policy change are presented.」
Continues to disclose the accounting policy change from cost of completed construction contracts to selling, general and administrative expenses for technical department expenses, together with retrospectively adjusted comparative figures. - FY2021-Q3RestatedAnnual report
「From the first-quarter accounting period, the Company has changed the treatment of expenses incurred by the technical department, which were previously recorded as cost of completed construction contracts, to selling, general and administrative expenses.」
Continues to apply the accounting policy change from cost of completed construction contracts to selling, general and administrative expenses for technical department expenses, including retrospective application to comparative figures. - FY2021-Q2RestatedAnnual report
「From the first-quarter accounting period, the Company has changed the treatment of expenses incurred by the technical department, which were previously recorded as cost of completed construction contracts, to selling, general and administrative expenses.」
The accounting policy change from cost of completed construction contracts to selling, general and administrative expenses for technical department expenses continued to be applied in the second quarter, and figures after retrospective application were disclosed. - FY2021-Q1First statedAnnual report
「From the current first-quarter accounting period, the Company has changed the treatment of expenses incurred by the technical department, which were previously recorded as cost of completed construction contracts, to selling, general and administrative expenses. The change in accounting policy has been applied retrospectively, and the financial statements for the previous fiscal year reflect the retrospective application.」
The classification of expenses incurred by the technical department was changed from cost of completed construction contracts to selling, general and administrative expenses, with retrospective application. In the previous first quarter, cost of completed construction contracts decreased by ¥14.925 million, selling, general and administrative expenses increased by ¥15.836 million, and operating income, ordinary income, profit before income taxes and quarterly net income each decreased by ¥910,000. Retained earnings at the beginning of the previous fiscal year also decreased by ¥3.112 million.