Change in the basis for calculating equity-method investment gains and losses
First written in FY2021-Q1. 1 of 2 entries say "Restated". Latest entry: FY2021-Q2.
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- FY2021-Q2RestatedAnnual report
「With respect to FUJIKURA KASEI CO.,LTD. and FUJIKURA COMPOSITES Inc., which are equity-method affiliates of the Company, equity-method investment gains and losses and other items had previously been calculated based on each company’s standalone financial statements. However, because their amounts had become material, they have been calculated based on each company’s consolidated financial statements from the first-quarter consolidated accounting period. As a result, the opening balance of retained earnings increased by ¥3.002 billion compared with the end of the previous consolidated fiscal year.」
The change in the basis for calculating equity-method investment gains and losses and the resulting ¥3.002 billion increase in the opening balance of retained earnings continued to be reported in the first half. - FY2021-Q1First statedAnnual report
「With respect to FUJIKURA KASEI CO.,LTD. and FUJIKURA COMPOSITES Inc., which are equity-method affiliates of the Company, equity-method investment gains and losses and other items had previously been calculated based on each company’s standalone financial statements. However, because their amounts had become material, they have been calculated based on each company’s consolidated financial statements from the current first-quarter consolidated accounting period. As a result, the opening balance of retained earnings for the current first-quarter consolidated accounting period increased by ¥3.002 billion compared with the end of the previous consolidated fiscal year.」
The basis for calculating equity-method investment gains and losses and other items was changed from standalone financial statements to consolidated financial statements, resulting in a ¥3.002 billion impact on the opening balance of retained earnings.