Review of Business Profit and Loss Management and Changes in Expense Classification
First written in FY2020-Q1. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
1 other company's latest entry also says "Achieved".
- FY2020AchievedAnnual report
「Beginning with the first quarter consolidated accounting period, the Company revised its management of business profitability and decided to present certain expenses, including personnel expenses, previously recorded as selling, general and administrative expenses as cost of sales.」
A change in cost classifications prompted by efforts to strengthen the green season business and organizational changes was applied throughout the current fiscal year, and prior-period figures were also reclassified. - FY2020-Q1First statedAnnual report
「Beginning with the first quarter consolidated accounting period, the Company revised its management of business profitability and decided to present certain expenses, including personnel expenses, previously recorded as selling, general and administrative expenses as cost of sales. This change became necessary because the Company transferred to cost of sales personnel expenses and other costs previously recorded as selling, general and administrative expenses for employees engaged in the business, following the strengthening of the green-season business to reduce the risk of low snowfall caused by warmer winters in recent years. It also resulted from a review of the manner in which expenses arise and their relationship with revenue, following organizational changes implemented during the first quarter consolidated accounting period that strengthened the functions of administrative departments.」
The Company revised its management of business profitability in connection with the strengthening of its green-season business and organizational changes, and introduced a presentation-method change transferring certain personnel expenses and other costs from selling, general and administrative expenses to cost of sales. It also disclosed the reclassification of ¥189.617 million in selling, general and administrative expenses for the first quarter of the previous fiscal year to cost of sales.