Change in the timing of sales recognition due to Sipcam Nichino Brasil’s change in fiscal year-end
First written in FY2018-Q3. 3 of 4 entries say "Restated". Latest entry: FY2018.
2 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「For the consolidated fiscal year under review, net sales increased by ¥1,180 million, or 2.0%, year on year, to ¥61,213 million, owing mainly to the expansion of the overseas business and the change in the timing of recognition of results following the change in Sipcam Nichino Brasil S.A.'s accounting period.」
The change in the timing of recognition of results following the change in the Brazilian subsidiary's accounting period continued to be cited as a factor behind higher full-year sales. - FY2019-Q1RestatedAnnual report
「In the cumulative third-quarter period under review, net sales were ¥48,280 million, an increase of ¥1,778 million, or 3.8%, year on year, mainly because the change in the timing of recognition of results following the change in the accounting period of Sipcam Nichino Brasil S.A. increased the company's net sales.」
The change in the timing of recognition of results following the change in the Brazilian subsidiary's accounting period continued to be cited as a factor behind higher sales in the cumulative third-quarter period under review. - FY2018-Q4RestatedAnnual report
「Net sales increased by ¥1,465 million, or 4.1%, year on year, to ¥14,650 million, mainly because the change in the timing of recognition of results following the change in the accounting period of Sipcam Nichino Brasil S.A. increased the company's net sales.」
The change in the timing of recognition of results following the change in the Brazilian subsidiary's accounting period continued to contribute to higher sales in the cumulative second-quarter period under review. - FY2018-Q3First statedAnnual report
「Following the change in the accounting period of Sipcam Nichino Brasil S.A., the timing of recognition of its results for the three months from October to December, the previous period's peak demand season, changed from the first-quarter consolidated accounting period to the second-quarter consolidated accounting period, among other factors,」
Due to the change in the Brazilian subsidiary's accounting period, results for October through December, which had been recognized in the first quarter of the same period of the previous year, moved to the second quarter. This was explained as a factor behind the year-on-year decline in consolidated net sales and overseas sales in the first quarter under review.