Improved consolidated disclosure through standardization of fiscal year-ends at overseas consolidated subsidiaries
First written in FY2017-Q1. 4 of 6 entries say "Restated". Latest entry: FY2021-Q3.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2021-Q3RestatedAnnual report
「Sanyo Kasei (Thailand) Limited, a consolidated subsidiary whose fiscal year-end was previously 31 December, used financial statements as of that date and made the necessary consolidation adjustments for material transactions arising during the period through the consolidated fiscal year-end. From the first quarter, the company changed to a method under which provisional accounts are prepared as of the quarterly consolidated fiscal year-end and then consolidated.」
For the Thai subsidiary, the method of preparing provisional accounts as of the quarterly consolidated fiscal year-end and then consolidating them has continued. - FY2021-Q2RestatedAnnual report
「Sanyo Kasei (Thailand) Limited, a consolidated subsidiary whose fiscal year-end was previously 31 December, used financial statements as of that date and made the necessary consolidation adjustments for material transactions arising during the period through the consolidated fiscal year-end. To improve the appropriateness of disclosures in the consolidated financial statements, the company has continued, from the first quarter, to use a method under which provisional accounts are prepared as of the quarterly consolidated fiscal year-end and then consolidated.」
For the Thai subsidiary, the method of preparing provisional accounts as of the quarterly consolidated fiscal year-end and then consolidating them has continued. - FY2021-Q1AdvancedAnnual report
「Sanyo Kasei (Thailand) Limited, a consolidated subsidiary whose fiscal year-end was previously 31 December, used financial statements as of that date and made the necessary consolidation adjustments for material transactions arising during the period through the consolidated fiscal year-end. To improve the appropriateness of disclosures in the consolidated financial statements, the company changed, from the first quarter of the current fiscal year, to a method under which provisional accounts are prepared as of the quarterly consolidated fiscal year-end and then consolidated.」
For the Thai subsidiary whose fiscal year-end was 31 December, the company also changed to a method of preparing provisional accounts as of the quarterly consolidated fiscal year-end and then consolidating them, expanding the scope of the fiscal year-end standardization. - FY2018RestatedAnnual report
「The consolidated financial statements for Sannam Corporation, Sanyo Chemical & Resins LLC, Sanyo Chemical Texas Industries LLC, Sanyo Chemical Fine Chemicals (Nantong) Co., Ltd., Sandaya Fine Chemicals (Nantong) Co., Ltd., and Sanyo Chemical (Shanghai) Trading Co., Ltd. are based on provisional accounts prepared as of 31 March, the consolidated fiscal year-end.」
For 6 overseas consolidated subsidiaries, the method of preparing provisional accounts as of 31 March and then consolidating them has continued. - FY2017-Q2RestatedAnnual report
「To improve the appropriateness of disclosures in the consolidated financial statements, Sannam Corporation, Sanyo Chemical & Resins LLC, Sanyo Chemical Texas Industries LLC, Sanyo Chemical Fine Chemicals (Nantong) Co., Ltd., Sandaya Fine Chemicals (Nantong) Co., Ltd., and Sanyo Chemical (Shanghai) Trading Co., Ltd. have changed to a method under which provisional accounts are prepared as of 31 March, the consolidated fiscal year-end, and then consolidated.」
For 6 overseas consolidated subsidiaries, the method of preparing provisional accounts as of 31 March and then consolidating them has continued. - FY2017-Q1First statedAnnual report
「To improve the appropriateness of disclosures in the consolidated financial statements, Sannam Corporation, Sanyo Chemical & Resins LLC, Sanyo Chemical Texas Industries LLC, Sanyo Chemical Fine Chemicals (Nantong) Co., Ltd., Sandaya Fine Chemicals (Nantong) Co., Ltd., and Sanyo Chemical (Shanghai) Trading Co., Ltd. have changed to a method under which provisional accounts are prepared as of 31 March, the consolidated fiscal year-end, and then consolidated.」
For 6 overseas consolidated subsidiaries, the previous 31 December fiscal year-end was changed to consolidation based on provisional accounts prepared as of 31 March. The company disclosed an impact of ¥325 million on retained earnings and ¥607 million on changes in cash and cash equivalents resulting from the change.