Transfer of the overseas heavy-duty packaging bag business to a subsidiary
First written in FY2022-Q1. 5 of 7 entries say "Restated". Latest entry: FY2023-Q3.
No other company in this theme has enough history to compare yet.
- FY2023-Q3RestatedAnnual report
「In Japan, the heavy-duty bag segment posted lower revenue due to declining demand for synthetic-resin applications as automobile production fell. Overseas, revenue increased due to selling-price adjustments in response to higher raw material prices, as well as the foreign-exchange impact of the weaker yen. Revenue in the heavy-duty bag segment was ¥5,093 million, up 19.6% year on year.」
In the overseas heavy-duty packaging bag business, the difference in accounting periods associated with the transfer to a subsidiary is not explicitly mentioned in this filing. Revisions to selling prices and the foreign exchange impact of yen depreciation are cited as factors behind higher overseas sales. - FY2023-Q2RestatedAnnual report
「In Japan, sales in the heavy-duty packaging bag segment declined due to lower demand for synthetic resins resulting from reduced automobile production. Overseas, sales increased due to revisions to selling prices reflecting higher raw material costs and the difference in accounting periods arising from the transfer of the overseas heavy-duty packaging bag business to a subsidiary. Segment sales were ¥3,443 million, up 23.4% year on year.」
In the overseas heavy-duty packaging bag business, the difference in accounting periods associated with the transfer to a subsidiary continues to be cited as a factor behind higher sales. Combined with revisions to selling prices reflecting higher raw material costs, this resulted in segment sales increasing 23.4% year on year. - FY2023-Q1Difference in accounting periods from the transfer continues to support sales growthAnnual report
「Overseas sales increased due to the pass-through of higher raw material costs into selling prices, as well as the difference in accounting periods arising from the transfer of the overseas heavy-duty packaging bag business to a subsidiary. Sales in the heavy-duty packaging bag segment were ¥1,675 million, up 38.0% year on year.」
The difference in accounting periods associated with the transfer to a subsidiary was cited as a factor behind the decline in sales in the previous period, but in the current quarter the same difference in accounting periods is cited as a factor behind higher sales in the overseas heavy-duty packaging bag business. - FY2022RestatedAnnual report
「Overseas, although the transfer of the overseas heavy-duty packaging bag business to a subsidiary resulted in a difference in accounting periods, reducing sales by ¥319 million year on year, sales increased as demand for synthetic resins recovered. Sales in the heavy-duty packaging bag segment were ¥5,953 million, up 4.9% year on year.」
While the impact of the difference in accounting periods from the transfer of the overseas heavy-duty packaging bag business to a subsidiary continued, the segment as a whole reported higher sales as demand for synthetic resins recovered. - FY2022-Q3RestatedAnnual report
「In the heavy-duty bags business, domestic revenue increased due to the recovery in demand for synthetic resin and chemical applications, which had declined in the previous fiscal year due to the COVID-19 pandemic. Overseas demand for synthetic resin applications also recovered, but revenue declined due to a difference in accounting periods arising from the transfer of the overseas heavy-duty bags business to a subsidiary, which reduced revenue by ¥319 million year on year. Revenue in the heavy-duty bags business was ¥4,257 million, up 0.3% year on year.」
The difference in accounting periods associated with the transfer of the overseas heavy-duty packaging bag business to a subsidiary continues to be cited as a factor behind the decline in sales, with a ¥319 million year-on-year impact confirmed. - FY2022-Q2RestatedAnnual report
「In Japan, the heavy-duty packaging bag segment reported higher sales as demand for synthetic resins and chemicals recovered from the decline caused by COVID-19 the previous year. Overseas, demand for synthetic resins also recovered, but sales declined due to the difference in accounting periods arising from the transfer of the overseas heavy-duty packaging bag business to a subsidiary, which reduced sales by ¥319 million year on year. Segment sales were ¥2,790 million, down 1.3% year on year.」
The difference in accounting periods associated with the transfer of the overseas heavy-duty packaging bag business to a subsidiary continues to be cited as a factor behind the decline in sales, with a ¥319 million year-on-year impact confirmed. - FY2022-Q1First statedAnnual report
「Overseas operations recorded lower revenue due to declining demand for synthetic resins and chemicals resulting from the spread of COVID-19, as well as a ¥319 million year-on-year decline in revenue caused by differences in the accounting period following the transfer of the overseas heavy-duty bag business to a subsidiary. Revenue in the heavy-duty bag segment was ¥1,214 million, down 17.3% year on year.」
The difference in accounting periods arising from the transfer of the overseas heavy-duty packaging bag business to a subsidiary is cited for the first time as a factor behind the ¥319 million year-on-year decline in sales.