Standardization of the presentation of MIMS Group expenses
First written in FY2019-Q1. 2 of 3 entries say "Restated". Latest entry: FY2019-Q3.
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- FY2019-Q3RestatedAnnual report
「Historically, the MIMS Group presented some expenses related to sales activities and other operations as cost of sales, but from the first quarter of the current consolidated accounting period it changed the presentation to selling, general and administrative expenses.」
The MIMS Group continued its policy of changing the presentation of expenses from cost of sales to selling, general and administrative expenses, and reclassified ¥741 million for the cumulative third quarter of the previous fiscal year. - FY2019-Q2RestatedAnnual report
「Historically, the MIMS Group presented some expenses related to sales activities and other operations as cost of sales, but from the first quarter of the current consolidated accounting period it changed the presentation to selling, general and administrative expenses.」
The MIMS Group continued its policy of changing the presentation of expenses from cost of sales to selling, general and administrative expenses, and reclassified ¥442 million for the cumulative second quarter of the previous fiscal year. - FY2019-Q1First statedAnnual report
「Historically, the MIMS Group presented some expenses related to sales activities and other operations as cost of sales. From the first 3 quarters of the current consolidated fiscal year, it changed the presentation to selling, general and administrative expenses. This change was made because items previously included in cost of sales due to their immateriality had become quantitatively material, prompting a review of the nature of those expenses, to manage Group performance using a consistent method and present the results of business activities more appropriately.」
The MIMS Group changed the presentation of expenses from cost of sales to selling, general and administrative expenses to manage Group performance consistently and present the results of business activities more appropriately. ¥167 million for the first quarter of the previous fiscal year was reclassified.