Change in the presentation of income and expenses related to the compound feed price stabilization scheme
First written in FY2023-Q1. 3 of 4 entries say "Restated". Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023RestatedAnnual report
「Income and expenses related to the compound feed price stabilization program had previously been recorded as "non-operating income" and "non-operating expenses," respectively, but from the current consolidated fiscal year, we changed the method of recording them as "net sales" and "selling, general and administrative expenses," respectively.」
The method of presenting income and expenses related to the compound feed price stabilization program as net sales and selling, general and administrative expenses has also been applied for the full fiscal year. - FY2023-Q3RestatedAnnual report
「Income and expenses related to the compound feed price stabilization program had previously been recorded as "non-operating income" and "non-operating expenses," respectively, but from the first quarter of the consolidated fiscal year, we changed the method of recording them as "net sales" and "selling, general and administrative expenses," respectively.」
The method of presenting income and expenses related to the compound feed price stabilization program as net sales and selling, general and administrative expenses continues to be applied. - FY2023-Q2RestatedAnnual report
「Income and expenses related to the compound feed price stabilization program had previously been recorded as "non-operating income" and "non-operating expenses," respectively, but from the first quarter of the consolidated fiscal year, we changed the method of recording them as "net sales" and "selling, general and administrative expenses," respectively.」
The method of presenting income and expenses related to the compound feed price stabilization program as net sales and selling, general and administrative expenses continues to be applied. - FY2023-Q1First statedAnnual report
「Income and expenses related to the compound feed price stabilization program had previously been recorded as "non-operating income" and "non-operating expenses," respectively, but from the current first quarter of the consolidated fiscal year, we changed the method of recording them as "net sales" and "selling, general and administrative expenses," respectively.」
In light of a business environment in which higher feed prices are not expected to be temporary due to soaring feed prices, the Russia-Ukraine situation and the weakening yen, we changed the presentation categories for income and expenses to better reflect the actual business conditions. Prior-year net sales of ¥108 million and selling, general and administrative expenses of ¥14 million have been reclassified.