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Mitsui Kinzoku (5706) · PolicyFirst stated

Change in the Classification of Research and Development and Other Expenses at Mitsui Kinzoku ACT

First written in FY2022-Q1. . Latest entry: FY2022-Q1.

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Reclassification of Research and Development Expenses and Other Costs to Selling, General and Administrative Expenses Following an Organizational Review of the Automotive Parts BusinessA theme 2 companies write about · 0 as a headwind · 0 as a tailwind

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  1. FY2022-Q1First statedAnnual report

    「At our consolidated subsidiary Mitsui Kinzoku ACT, from the first quarter of the consolidated fiscal year under review, we changed the accounting treatment for certain research and development expenses and indirect department costs previously recorded in cost of sales, recording them instead as selling, general and administrative expenses.」

    Following a review of the organizational structure and business activities in light of next-generation technology development for CASE and MaaS and stronger coordination of the automotive-components business, certain R&D and other expenses were reclassified from cost of sales to SG&A. The change was applied retrospectively to the prior-year comparative figures.
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Change in the Classification of Research and Development and Other Expenses at Mitsui Kinzoku ACT | Mitsui Kinzoku Company,Limited (5706) | Komori