Reclassification of development activity costs for the Composite Machinery Division as R&D expenses
First written in FY2020-Q1. 2 of 3 entries say "Restated". Latest entry: FY2020-Q3.
No other company in this theme has enough history to compare yet.
- FY2020-Q3RestatedAnnual report
「Previously, we treated costs related to product development activities in the Composite Machinery Division as improvements to existing products and recorded them as manufacturing costs. The Robot Systems Integration business was included in the Composite Machinery Division from the previous fiscal year, and increased R&D spending is expected as the business expands. Accordingly, because development activity costs in the Composite Machinery Division will have a stronger R&D component, we decided to record them as selling, general and administrative expenses.」
We continue to record development activity costs in the Composite Machinery Division as selling, general and administrative expenses. - FY2020-Q2RestatedAnnual report
「Previously, we treated costs related to product development activities in the Composite Machinery Division as improvements to existing products and recorded them as manufacturing costs. The Robot Systems Integration business was included in the Composite Machinery Division from the previous fiscal year, and increased R&D spending is expected as the business expands. Accordingly, because development activity costs in the Composite Machinery Division will have a stronger R&D component, we decided to record them as selling, general and administrative expenses.」
We continue to record development activity costs in the Composite Machinery Division as selling, general and administrative expenses. - FY2020-Q1First statedAnnual report
「Previously, the Company determined that costs related to product development activities in the Composite Machinery Division represented improvements to existing products and recorded them as manufacturing costs. The robot system integration business was included in the Composite Machinery Division from the previous consolidated fiscal year, and research and development expenses are expected to increase as that business expands. Accordingly, because the development activity costs of the Composite Machinery Division have a stronger research and development component, the Company decided to record them as selling, general and administrative expenses. Of the research and development expenses of the Composite Machinery Division incurred during the first quarter of the previous consolidated fiscal year, ¥125 million was treated as manufacturing costs.」
The accounting treatment for development activity costs of the Composite Machinery Division was changed from recording them as manufacturing costs to recording them as selling, general and administrative expenses. The amount treated as manufacturing costs in the first quarter of the previous fiscal year was ¥125 million.