Refinement of cost accounting through the reclassification of product packaging costs to cost of sales
First written in FY2021-Q2. 2 of 3 entries say "Restated". Latest entry: FY2021.
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- FY2021RestatedAnnual report
「Beginning in the current fiscal year, the Company reviewed its cost management function and the classification of manufacturing costs in order to conduct more refined cost accounting in response to changes in the operating environment.」
The review of the cost management function and the classification of manufacturing costs, together with the treatment of reclassifying a portion of product packaging costs to cost of sales, was also applied in the annual financial statements. - FY2021-Q3RestatedAnnual report
「Beginning with the first quarter of the current fiscal year, the Company reviewed its cost management function and the classification of manufacturing costs in order to conduct more refined cost accounting in response to changes in the operating environment.」
The review of the cost management function and the classification of manufacturing costs beginning in the first quarter, together with the accounting treatment of reclassifying a portion of product packaging costs to cost of sales, continues to apply. - FY2021-Q2First statedAnnual report
「To conduct more refined cost accounting in response to changes in the operating environment, the Company reviewed its cost management function and the classification of manufacturing costs. Accordingly, to present operating performance more appropriately by reassessing the matching of revenue and expenses, the Company changed its accounting method so that a portion of product packaging costs previously recorded as selling, general and administrative expenses is treated as cost of sales.」
Beginning with the first quarter of the current fiscal year, the Company reviewed its cost management function and the classification of manufacturing costs, and reclassified a portion of product packaging costs from selling, general and administrative expenses to cost of sales. As a result of retrospective application, cost of sales for the cumulative second quarter of the previous fiscal year increased by ¥256 million, while selling, general and administrative expenses decreased by ¥259 million.