Appropriate Disclosure of Consolidated Information Through Standardization of Closing Dates and Provisional Closing for Consolidated Subsidiaries
First written in FY2017-Q1. 2 of 3 entries say "Restated". Latest entry: FY2017-Q3.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2017-Q3RestatedAnnual report
「In connection with these changes, the consolidated twelve-month period for the third quarter of the current fiscal year covered the 12 months from 1 January 2016 to 31 December 2016, with adjustments made through the consolidated statements of income.」
The method introduced in the first quarter for the 13 consolidated subsidiaries, involving changes to fiscal year-ends or interim closing procedures, continued, with 12 months consolidated in the third quarter. - FY2017-Q2RestatedAnnual report
「In connection with these changes, the consolidated nine-month period for the second quarter of the current fiscal year covered the 9 months from 1 January 2016 to 30 September 2016, with adjustments made through the consolidated statements of income.」
The method introduced in the first quarter for the 13 subsidiaries, involving changes to fiscal year-ends or interim closing procedures, continued in the second quarter, with 9 months consolidated. - FY2017-Q1First statedAnnual report
「Previously, for 13 consolidated subsidiaries and other entities with a 31 December fiscal year-end, we used financial statements as of that date and made the necessary consolidation adjustments for material transactions occurring between that date and the consolidated fiscal year-end. To provide more appropriate disclosure of consolidated financial information, from the first quarter of the current consolidated fiscal year we changed the method to either change their fiscal year-end to 31 March or conduct an interim closing procedure equivalent to a full-year closing at the consolidated fiscal year-end.」
For the 13 consolidated subsidiaries, the method was changed from the first quarter of the current fiscal year to either changing the fiscal year-end or conducting an interim closing procedure. The change affected the quarterly figures for net sales, operating profit and ordinary profit, among others.