Improving the Accuracy of Quarterly Disclosures Through Interim Closing Procedures at Consolidated Subsidiaries
First written in FY2023-Q1. 2 of 3 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「To obtain more appropriate management information and provide appropriate disclosure of the quarterly consolidated financial statements, from the first-quarter consolidated accounting period we changed to a method of conducting a provisional closing at the quarterly consolidated closing date.」
For 桜門地所, the change to conducting a provisional closing at the quarterly consolidated closing date continued to be applied. - FY2023-Q2RestatedAnnual report
「Previously, the consolidated subsidiary 桜門地所, whose fiscal year-end was 31 October and which was formerly 富士ファシリティサービス, prepared quarterly consolidated financial statements for the corresponding period based on its quarterly financial statements for the relevant quarterly accounting period, making necessary adjustments for material transactions arising between that period and the quarterly consolidated closing date. To obtain more appropriate management information and provide appropriate disclosure of the quarterly consolidated financial statements, from the first-quarter consolidated accounting period the company changed to a method of conducting a provisional closing at the quarterly consolidated closing date.」
For 桜門地所, the change to conducting a provisional closing at the quarterly consolidated closing date continued to be applied as an accounting treatment in the second quarter. - FY2023-Q1First statedAnnual report
「Previously, the consolidated subsidiary 桜門地所, whose fiscal year-end was 31 October and which was formerly 富士ファシリティサービス, prepared quarterly consolidated financial statements for the corresponding period based on its quarterly financial statements for the relevant quarterly accounting period, making necessary adjustments for material transactions arising between that period and the quarterly consolidated closing date. To obtain more appropriate management information and provide appropriate disclosure of the quarterly consolidated financial statements, from the current first-quarter consolidated accounting period the company changed to a method of conducting a provisional closing at the quarterly consolidated closing date.」
For 桜門地所, the method was changed from one based on the subsidiary’s existing financial closing to one involving a provisional closing at the quarterly consolidated closing date, with the policy of improving the accuracy of management information and quarterly disclosure stated for the first time.