Non-recognition of PlantStream’s sales and recognition of equity-method investment loss
First written in FY2024-Q1. 5 of 8 entries say "Restated". Latest entry: 2026-05-13.
The whole theme swung hardest in 2023: 19 of 68 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- 2026-05-13RestatedEarnings
「The business activities of PlantStream Co., Ltd., which had been included in “co-created product sales,” are included in the “product business (formerly proprietary products)” following its conversion into a wholly owned subsidiary through the additional acquisition of shares.」
PlantStream完全子会社化後の損益をプロダクト事業に含める会計・報告構造を再確認している。 - FY2026-H1ReframedAnnual report
「On 1 October 2025, we conducted an absorption-type merger in which our company was the surviving company and 株式会社PlantStream, our wholly owned subsidiary, was the absorbed company.」
After changing from an affiliate accounted for using the equity method to a wholly owned subsidiary, PlantStream was absorbed into our company on 1 October 2025, and the structure changed so that the profit and loss of the PlantStream business is included in the products business. - FY2025ReframedAnnual report
「To establish a foundation for ongoing business operations and make a further contribution to the plant engineering industry, we held extensive discussions with Chiyoda Corporation and made 株式会社PlantStream a wholly owned subsidiary in March 2025. Profit and loss from April 2025 onward is included in the proprietary products segment.」
PlantStream changed from an affiliate accounted for using the equity method to a wholly owned subsidiary, and the structure changed so that its profit and loss from April 2025 onward is consolidated into the proprietary products business. - FY2025-H1RestatedAnnual report
「The amounts of revenue and segment loss from co-created product sales are calculated by multiplying the financial information amounts of 株式会社PlantStream, an affiliate accounted for using the equity method, by our equity interest percentage. Accordingly, no revenue for this segment is recorded in the interim consolidated income statement; instead, it is reflected in income/loss from investments accounted for using the equity method.」
This reconfirms the accounting structure under which PlantStream's co-created product sales are not recorded as revenue in the consolidated income statement but are reflected in income/loss from investments accounted for using the equity method. - FY2024RestatedAnnual report
「The amounts of revenue and segment profit from co-created product sales are calculated by multiplying the financial information amounts of 株式会社PlantStream, an affiliate accounted for using the equity method, by our equity interest percentage. Accordingly, no revenue for this segment is recorded in the consolidated income statement; instead, it is reflected in income/loss from investments accounted for using the equity method.」
This reconfirms the accounting structure under which PlantStream's co-created product sales are not recorded in consolidated revenue but are reflected in income/loss from investments accounted for using the equity method. - FY2024-Q3RestatedAnnual report
「The amounts of revenue and segment loss from co-created product sales are calculated by multiplying the financial information amounts of 株式会社PlantStream, an affiliate accounted for using the equity method, by our equity interest percentage. Accordingly, no revenue for this segment is recorded in the quarterly consolidated income statement; instead, it is reflected in income/loss from investments accounted for using the equity method.」
This reconfirms the accounting structure under which the segment figures for PlantStream's co-created product sales are not recorded as revenue in the consolidated income statement but are reflected in income/loss from investments accounted for using the equity method. - FY2024-Q2RestatedAnnual report
「The amounts of revenue and segment loss from co-created product sales are calculated by multiplying the financial information amounts of 株式会社PlantStream, an affiliate accounted for using the equity method, by our equity interest percentage. Accordingly, no revenue for this segment is recorded in the quarterly consolidated income statement; instead, it is reflected in income/loss from investments accounted for using the equity method.」
This reconfirms the accounting structure under which the segment figures for PlantStream's co-created product sales are calculated based on the financial information of an affiliate accounted for using the equity method and are reflected in income/loss from investments accounted for using the equity method, rather than being recorded as revenue in the consolidated income statement. - FY2024-Q1First statedAnnual report
「Because the amounts of revenue from product co-creation sales and segment loss are calculated by multiplying the corresponding financial information of PlantStream, an equity-method affiliate of the Company, by the Company's ownership percentage, no revenue for this segment is recognized in the quarterly consolidated income statement. Instead, it is reflected as loss on investments accounted for using the equity method.」
This describes the accounting structure under which the segment figures for PlantStream's co-created product sales are calculated by applying the equity interest percentage and are reflected in income/loss from investments accounted for using the equity method, rather than being recorded as revenue in the consolidated income statement.