Segment management on an ordinary-profit basis following the start of full-scale production at the Abra Mine
First written in FY2024-Q1. 2 of 3 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2023: 2 of 7 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「Segment profit or loss had previously been reconciled with operating profit in the quarterly consolidated statement of income, but beginning with the first-quarter consolidated accounting period, it is now reconciled with ordinary profit.」
The policy of managing segment performance on an ordinary profit basis has continued in order to reflect the equity-method investment gain or loss from the Abra Mine. - FY2024-Q2RestatedAnnual report
「The Abra Mine, which began full-scale operations in January 2023, recorded an equity-method investment loss of just under ¥2.0 billion, as losses came first due to factors in the early stage of ramp-up and interest costs associated with development.」
Following the start of full-scale operations at the Abra Mine, the policy of managing segment performance on an ordinary profit basis has continued, reflecting the significance of the equity-method investment gain or loss. - FY2024-Q1First statedAnnual report
「During the first quarter, full-scale production began at the Abra Mine in Australia, increasing the significance of the equity-method investment gain or loss in the resources business. Accordingly, beginning with the first-quarter consolidated accounting period, the Company began using ordinary profit as a management indicator for deciding the allocation of management resources and evaluating performance at the Board of Directors and other management decision-making bodies.」
Following the start of full-scale production at the Abra Mine and the increased significance of the equity-method investment gain or loss, the Company changed segment profit and loss from an operating profit basis to an ordinary profit basis from 1 April 2023, and reset the indicators used for allocating management resources and evaluating performance.