Improving performance management accuracy by changing the method used to calculate profit for reportable segments
First written in FY2017-Q1. 6 of 10 entries say "Restated". Latest entry: FY2025-H1.
ValueCommerce moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
8 other companies' latest entry also says "Reframed".
- FY2025-H1ReframedAnnual report
「Following the group's change in management segments effective 1 April 2025, the business has been classified under “Other” in the Marketing Solutions business from the current interim consolidated accounting period.」
Following a change in the management reporting structure, the company changed its segment reporting by moving a portion of revenue from the EC Solutions business to the Marketing Solutions business. - FY2024-Q1ReframedAnnual report
「Following the change in the company’s management reporting classifications effective 1 January 2024, the company has changed its classifications from the first quarter of the current consolidated fiscal year to three segments: the Marketing Solutions business, the EC Solutions business and the Travel Tech business.」
Following the change in management segments, the number of reporting segments under management has changed from 2 to 3. - FY2022RestatedAnnual report
「The company adopted the revenue recognition accounting standard and related standards from the beginning of the current consolidated fiscal year and changed its accounting treatment for revenue recognition. Accordingly, it also changed the method used to calculate profit or loss by business segment. The change had an immaterial impact on revenue by reported segment for the current consolidated fiscal year and no impact on segment profit.」
The company applied the change in the method used to calculate segment profit for the full fiscal year following adoption of the revenue recognition accounting standard. It states that the impact on revenue was immaterial and that there was no impact on segment profit. - FY2022-Q3RestatedAnnual report
「Because the company applied the revenue recognition accounting standard and related standards, it changed its accounting treatment for revenue recognition and likewise changed the method of calculating segment profit or loss. The impact of this change on revenue for each reportable segment during the cumulative third quarter of the current consolidated fiscal year was immaterial, and there was no impact on segment profit.」
The company continues to apply the change in the method used to calculate segment profit following the adoption of the revenue recognition accounting standard. It states that the impact on net sales is immaterial and that there is no impact on segment profit. - FY2022-Q1ReframedAnnual report
「Because the Accounting Standard for Revenue Recognition and related standards were applied, the accounting treatment for revenue recognition was changed, and the method of calculating profit or loss for business segments was changed accordingly. The impact of this change on revenue by reporting segment for the first quarter of the current consolidated fiscal year was immaterial, and there was no impact on segment profit.」
The method of calculating segment profit has been changed separately from the previous review of the allocation of administrative department expenses, in line with changes in accounting procedures accompanying the application of the revenue recognition accounting standard. The company states that there is no impact on segment profit. - FY2019RestatedAnnual report
「The company’s reportable segments are organizational units for which separate financial information is available and which are subject to regular review by the Board of Directors for decisions on the allocation of management resources and evaluation of performance.」
The Company continues to manage reportable segments for the purpose of allocating management resources and evaluating performance through the Board of Directors. - FY2017RestatedAnnual report
「Beginning with the current consolidated fiscal year, the method for calculating reportable segment profit or loss was changed to improve the accuracy of performance management and ensure appropriate business operations, by limiting the allocation of expenses from administrative departments and other sources to each business and clarifying the expenses that can be managed by each business.」
The company continues to apply for the full fiscal year a method of calculating segment profit that limits the allocation of administrative expenses, maintaining a policy of clarifying controllable expenses by business. - FY2017-Q3RestatedAnnual report
「Beginning in the first quarter of the consolidated fiscal year, the Company changed the method of calculating reportable segment profit or loss to improve the accuracy of performance management and ensure appropriate business operations. The allocation of expenses from administrative departments and other functions to each business was limited so that controllable expenses would be clearly identified for each business.」
The Company continues to apply the segment-profit calculation method introduced in the first quarter, which limits the allocation of administrative expenses. - FY2017-Q2RestatedAnnual report
「Beginning in the first quarter of the consolidated fiscal year, the Company changed the method of calculating reportable segment profit or loss to improve the accuracy of performance management and ensure appropriate business operations. The allocation of expenses from administrative departments and other functions to each business was limited so that controllable expenses would be clearly identified for each business.」
The Company continues to apply the segment-profit calculation method introduced in the first quarter, which limits the allocation of administrative expenses. - FY2017-Q1First statedAnnual report
「From the first quarter consolidated accounting period, we changed the method of calculating reportable segment profit or loss to improve the accuracy of performance management and ensure appropriate business operations. We limited the allocation of expenses from administrative departments and other functions to each business so that controllable costs would be clearly identified for each business.」
The Company changed its segment profit calculation method from the first quarter by limiting allocations of administrative expenses and clarifying controllable costs by business.