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Tokyo Base (3415) · FactContinued non-consolidation of US and South Korean subsidiaries

Non-consolidated accounting due to immaterial subsidiaries

First written in FY2019. 2 of 6 entries say "Restated". Latest entry: FY2026.

6entries
8years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2019 – FY2020-Q3ReframedFY20202019: 320192020: 220202021: 020212022: 020222023: 020232024: 020242025: 020252026: 12026
Same theme, other companies
Nonconsolidation of an Immaterial SubsidiaryA theme 39 companies write about · 2 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2026: 1 of 9 companies on the "Worse" side.

3 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 39 companies compared. The sentences above are computed from all 39.
Full recordFilings, disclosures and news, newest first
  1. FY2026Continued non-consolidation of US and South Korean subsidiariesAnnual report

    「Non-consolidated subsidiaries are excluded from the scope of consolidation because their combined total assets, net sales, net income (attributable to the company's ownership interest), retained earnings (attributable to the company's ownership interest) and other items do not have a material impact on the consolidated financial statements. TOKYO BASE NEW YORK,Inc. TOKYO BASE KOREA CO.,LTD.」

    The US and South Korean subsidiaries have continued to be treated as non-consolidated subsidiaries to which the equity method does not apply, on the grounds that they remain immaterial to the consolidated financial statements following their establishment.
  2. FY2020ReframedAnnual report

    「TOKYO BASE HONG KONG.,Ltd., which had previously been non-consolidated, became more material, while 東百国際貿易（上海）有限公司 newly became a subsidiary during the current fiscal year. Accordingly, both have been included in the scope of consolidation from the current fiscal year.」

    Following the increased materiality of a subsidiary and the establishment of the Shanghai subsidiary, the company shifted from non-consolidated accounting to consolidated accounting including the 2 companies.
  3. FY2020-Q3Update of non-consolidation materiality thresholdsAnnual report

    「The ratios based on assets, net sales, profit and retained earnings are as follows: assets 4.1%, net sales 2.1%, profit △8.2%, retained earnings △1.9%.」

    The policy of not preparing quarterly consolidated financial statements has continued on the grounds that the subsidiaries are not material, and the ratios for each materiality threshold have been updated.
  4. FY2020-Q2RestatedAnnual report

    「The company does not prepare quarterly consolidated financial statements because, based on the subsidiaries' assets, net sales, profit or loss, retained earnings, cash flows and other items, they are not material enough to impair reasonable judgments regarding the financial position, operating results or cash flow position of the corporate group. The ratios based on assets, net sales, profit and retained earnings are as follows: assets 4.6%, net sales 0.4%, profit △14.6%, retained earnings △1.9%.」

    Non-consolidated accounting has continued on the grounds that the subsidiaries are not material, and the quarterly materiality thresholds have been updated.
  5. FY2020-Q1RestatedAnnual report

    「The company does not prepare quarterly consolidated financial statements because, based on the subsidiaries' assets, net sales, profit or loss, retained earnings, cash flows and other items, they are not material enough to impair reasonable judgments regarding the financial position, operating results or cash flow position of the corporate group. The ratios based on assets, net sales, profit and retained earnings are as follows: assets 4.7%, net sales –%, profit △5.0%, retained earnings △1.1%.」

    Non-consolidated accounting has continued on the grounds that the subsidiaries are not material, and the quarterly materiality thresholds have been disclosed.
  6. FY2019First statedAnnual report

    「The company does not prepare consolidated financial statements because, based on the subsidiaries' assets, net sales, profit or loss, retained earnings, cash flows and other items, they are not material enough to mislead reasonable judgments regarding the financial position, operating results or cash flow position of the corporate group. Asset 기준: 3.3%; net sales 기준: 0.9%; profit 기준: △1.2%; retained earnings 기준: △0.8%.」

    Non-consolidated accounting has continued on the grounds that the subsidiaries are not material to the consolidated financial statements.
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Non-consolidated accounting due to immaterial subsidiaries | TOKYO BASE Co.,Ltd. (3415) | Komori