Risk of Changes to Fund and SPC Consolidation Scope Due to Accounting Standard Changes
First written in FY2016. 8 of 9 entries say "Restated". Latest entry: FY2021-Q2.
The whole theme swung hardest in 2020: 1 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no significant changes in the occurrence of major risks that management recognizes could materially affect the financial condition, operating results or cash flows of the consolidated companies, or in the matters concerning business and other risks described in the annual securities report for the previous fiscal year, among the matters concerning business conditions, accounting and other matters described in the current quarterly report.」
It concludes that there have been no material changes in the risk of changes in the scope of consolidation of funds and SPCs due to changes in accounting standards. - FY2020RestatedAnnual report
「If, as a result of changes to the accounting standards described above or other factors, funds and SPCs established by the Group other than those described above are deemed to be under the Group's effective control, those funds and SPCs may become subject to consolidation, potentially affecting the Group's financial position and operating results.」
It continues to describe the possibility that changes in accounting standards or other factors could alter the scope of consolidation of funds and SPCs. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of changes in the scope of consolidation of funds and SPCs due to changes in accounting standards. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of changes in the scope of consolidation of funds and SPCs due to changes in accounting standards. - FY2019-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of changes in the scope of consolidation of funds and SPCs due to changes in accounting standards. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It concludes that there have been no material changes in the risk of changes in the scope of consolidation of funds and SPCs due to changes in accounting standards. - FY2017-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It concludes that there have been no material changes in the risk of changes in the scope of consolidation of funds and SPCs due to changes in accounting standards. - FY2017-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
It concludes that there have been no material changes in the risk of changes in the scope of consolidation of funds and SPCs due to changes in accounting standards. - FY2016First statedAnnual report
「If, as a result of changes to the accounting standards described above or other factors, funds and SPCs established by the Group other than those described above are deemed to be under the Group's effective control, those funds and SPCs may become subject to consolidation, potentially affecting the Group's financial position and operating results.」
It identifies as a risk the possibility that changes in accounting standards or other factors could alter the scope of consolidation of funds and SPCs.