Refinement of Facility Costs and Improved Profitability through a Change in Accounting Policy
First written in FY2023-Q1. . Latest entry: FY2023.
2 other companies' latest entry also says "Other".
- FY2023Updated the full-year impact of retrospective applicationAnnual report
「As a result, compared with before the retrospective application, cost of sales for the previous consolidated fiscal year increased by ¥836 million, while gross profit and selling, general and administrative expenses decreased by the same amount. There was no impact on operating profit, ordinary profit, loss before income taxes and other adjustments, or per-share information.」
The company disclosed that changing the accounting classification for facility expenses had a ¥836 million impact on the comparative information for the full year when applied retrospectively. It stated that there was no impact on operating profit or other profit figures. - FY2023-Q3Updated the impact on third-quarter comparative information from retrospective applicationAnnual report
「As a result, compared with before retrospective application, cost of sales for the nine months ended the previous third quarter increased by ¥646 million, while gross profit and selling, general and administrative expenses each decreased by the same amount. There was no impact on operating profit, ordinary profit, quarterly net loss before income taxes or per-share information.」
The Company disclosed an impact of ¥646 million from retrospectively applying to comparative information for the nine months ended the previous third quarter the change in presentation of facility costs implemented from the first quarter. It stated that there was no impact on operating profit or other items. - FY2023-Q2Updated the impact of retrospective applicationAnnual report
「This change in accounting policy was retrospectively revised, and the consolidated financial statements for the six months ended the previous second quarter reflect retrospective application. As a result, compared with before retrospective application, cost of sales for the six months ended the previous second quarter increased by ¥428 million, while gross profit and selling, general and administrative expenses each decreased by the same amount. There was no impact on operating profit, ordinary profit, profit before income taxes, quarterly net income or loss, or per-share information.」
The Company disclosed the impact of retrospectively applying to comparative information for the six months ended the previous second quarter the change in expense classification implemented from the first quarter. Cost of sales for the previous second quarter increased by ¥428 million, but there was no impact on operating profit or other items. - FY2023-Q1First statedAnnual report
「Some costs related to facilities of consolidated subsidiaries had previously been included in selling, general and administrative expenses, but from the current first quarter of the consolidated fiscal year, the Company changed their presentation to cost of sales. As part of the transition from the “Business Expansion” phase to the “Business Expansion and Diversification” phase under the Medium-Term Management Plan (2024), the Company is reviewing its organizational structure as part of a project to improve profitability. In the course of this organizational reorganization, the Company refined its costs following revisions to its facility evaluation system and a review of facility profitability. It changed its accounting treatment because it determined that treating some selling, general and administrative expenses as cost of sales more appropriately reflected the business environment.」
The Company reclassified some facility-related costs from selling, general and administrative expenses to cost of sales and refined its costs through reviews of its organizational structure, facility evaluation system and facility profitability. The Company disclosed that retrospective application increased cost of sales for the previous first quarter by ¥210 million, with no impact on operating profit or other items.