Standardisation of consolidated subsidiaries’ fiscal year-ends and appropriate disclosure of consolidated financial information based on interim closings
First written in FY2019-Q1. 1 of 5 entries say "Restated". Latest entry: FY2020.
0 other companies' latest entry also says "Other".
- FY2020Consolidated period updated for the full yearAnnual report
「The fiscal year-end of overseas subsidiaries among the consolidated subsidiaries is 31 December. In preparing the consolidated financial statements, the Company uses financial statements for 5 overseas subsidiaries based on interim closings conducted as of 31 March, while using financial statements as of the fiscal year-end for the other 15 overseas subsidiaries.」
For overseas subsidiaries, including Chinese subsidiaries, the Company continues to state the consolidation method using financial statements based on interim closings as of 31 March for the full year. - FY2019Consolidated period updated for the full yearAnnual report
「As a result of these changes, the results of these consolidated subsidiaries included in the consolidated fiscal year cover the 15 months from 1 January 2018 to 31 March 2019.」
The Company continued to consolidate the results of 5 Chinese subsidiaries based on an interim closing, including 15 months from January 2018 to March 2019 in the full-year figures. - FY2019-Q3Third-quarter consolidated period updatedAnnual report
「As a result of these changes, the results of these consolidated subsidiaries included in the current cumulative third-quarter consolidated period cover the 12 months from 1 January 2018 to 31 December 2018.」
For 5 Chinese subsidiaries, the Company continued to consolidate their results based on an interim closing, including 12 months of results in the cumulative third-quarter figures. - FY2019-Q2RestatedAnnual report
「To provide more appropriate disclosure of consolidated financial information, the Company changed the method for these 3 consolidated subsidiaries and the 2 companies newly included in the scope of consolidation from the first-quarter consolidated accounting period, conducting an interim closing at the consolidated fiscal year-end. As a result of these changes, the results of these consolidated subsidiaries included in the current cumulative second-quarter consolidated period cover the 9 months from 1 January 2018 to 30 September 2018.」
For 5 Chinese subsidiaries, the Company continued to use the method involving an interim closing at the consolidated fiscal year-end and included 9 months of results in the cumulative second-quarter figures. - FY2019-Q1First statedAnnual report
「For Suzhou Nichias Industrial Products Co., Ltd., NICHIAS (SHANGHAI)TRADING CO., LTD. and NICHIAS (SHANGHAI) AUTOPARTS TRADING CO., LTD., whose fiscal year-ends had previously been 31 December, the Company had used financial statements as of that date and made the adjustments necessary for consolidation for material transactions arising between that date and the consolidated fiscal year-end. To provide more appropriate disclosure of consolidated financial information, from the first-quarter consolidated accounting period, the Company changed the method for these 3 consolidated subsidiaries and the 2 companies listed above newly included in the scope of consolidation from that period, conducting an interim closing at the consolidated fiscal year-end. As a result of these changes, the results of these consolidated subsidiaries included in the current cumulative first-quarter consolidated period cover the 6 months from 1 January 2018 to 30 June 2018.」
For 5 Chinese subsidiaries, the Company changed to a method involving an interim closing at the consolidated fiscal year-end to provide more appropriate disclosure of consolidated financial information, and included 6 months of results in the first-quarter figures.