Introduction of EBITDA for Segment Performance Evaluation and Allocation of Corporate-Wide Expenses
First written in FY2016-Q3. 3 of 4 entries say "Restated". Latest entry: FY2020.
0 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「Profit in the reportable segments is an EBITDA measure based on operating profit before depreciation and amortization.」
The policy of using EBITDA to evaluate segment profit continues. - FY2019RestatedAnnual report
「Profit in the reportable segments is an EBITDA measure based on operating profit before depreciation and amortization and goodwill amortization.」
The policy of using EBITDA to evaluate segment performance continues. - FY2016RestatedAnnual report
「Profit in the reportable segments is an EBITDA measure based on operating profit before depreciation and amortization and goodwill amortization.」
The annual report also confirms the policy of using EBITDA for segment profit to evaluate normal earnings power and allocating corporate expenses, corporate assets and corporate liabilities to each segment. - FY2016-Q3First statedAnnual report
「Beginning with the first quarter of the current fiscal year, the method for measuring profit in the reportable segments was changed to an EBITDA measure based on operating profit before depreciation and amortization and goodwill amortization. This change was made because EBITDA, which excludes depreciation and amortization and goodwill amortization, was adopted as the management performance metric for evaluating performance based on normal earnings power. In addition, corporate expenses had not previously been allocated to the individual segments, but beginning with the first quarter, they have been allocated to each segment.」
The policy was changed to use EBITDA as the segment performance metric and allocate corporate expenses to each segment for the purpose of evaluating performance based on normal earnings power.