Appropriate Disclosure of Consolidated Information Through Standardization of Fiscal Year-Ends and Provisional Closings for China-Related Subsidiaries
First written in FY2018-Q1. 2 of 5 entries say "Restated". Latest entry: FY2020.
6 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The consolidated subsidiaries whose fiscal year-end dates differ from the consolidated fiscal year-end date are as follows: 巴川(広州)国際貿易有限公司, 巴川影像科技(恵州)有限公司 and 日彩影像科技(九江)有限公司, 31 December. The financial statements are based on an interim closing conducted as of the consolidated fiscal year-end date in accordance with the procedures for a regular closing.」
The company continues to use the method of conducting interim closings at the consolidated fiscal year-end date for China-related subsidiaries. - FY2019-Q1AchievedAnnual report
「The ¥816 million increase in sales recorded in the same period of the previous year due to the standardization of the China business's fiscal year-end was not recorded in the current period.」
The ¥816 million increase in sales in the same period of the previous year, for comparison purposes, resulting from the standardization of the China business's fiscal year-end was not recorded in the current period, indicating that the transition impact of the fiscal year-end standardization had run its course. - FY2018-Q3AdvancedAnnual report
「Following these changes, the 12-month period from 1 January 2017 through 31 December 2017 was consolidated for the first 9 months of the current consolidated fiscal year, with adjustments made through the consolidated income statement.」
The company continued the method of standardizing fiscal year-end dates and conducting interim closings for 5 China-related subsidiaries, consolidating the 12-month period from January through December 2017 for the first 9 months. - FY2018-Q2RestatedAnnual report
「Following these changes, the nine-month period from 1 January 2017 through 30 September 2017 was consolidated for the first six months of the current consolidated fiscal year, with adjustments made through the consolidated income statement. For the period from 1 January 2017 through 31 March 2017, the relevant subsidiaries recorded sales of ¥814 million, operating profit of ¥23 million, and ordinary profit and profit before income taxes of ¥35 million each.」
The company continued the method of standardizing fiscal year-end dates and conducting interim closings for 5 China-related subsidiaries, consolidating 9 months. It also disclosed the impact of the fiscal year-end change, including ¥814 million in sales and ¥23 million in operating profit. - FY2018-Q1First statedAnnual report
「To improve the appropriateness of consolidated financial disclosures, the three companies TOMOEGAWA HONG KONG CO.,LTD., 巴川ホールディングス恵州 Co., Ltd. and 日彩控股有限公司 changed their fiscal year-end date to 31 March. For 巴川影像科技(恵州)有限公司 and 日彩影像科技(九江）有限公司, the method was changed to conduct an interim closing at the consolidated fiscal year-end date.」
For 5 consolidated subsidiaries involved in the China-related business, 3 changed their fiscal year-end date to 31 March, while 2 changed to a method of conducting an interim closing at the consolidated fiscal year-end date. Appropriate consolidated financial disclosure is being pursued by consolidating the period from January through June 2017.