Change in presentation of reversal of allowance for doubtful accounts and other items as deductions from selling, general and administrative expenses
First written in FY2023-Q3. 2 of 3 entries say "Restated". Latest entry: FY2024-Q1.
1 other company's latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「Following a review of the presentation classification in light of the materiality of the amounts, gains on reversal of allowance for doubtful accounts and gains on reversal of provision for losses on guarantees of obligations, previously recorded under “non-operating income,” have been presented since the cumulative second quarter of the previous consolidated fiscal year by deducting them from “selling, general and administrative expenses,” the same classification as the provision amounts related to receivables arising from operating transactions.」
The presentation method of deducting gains on reversal of allowance for doubtful accounts and other items from selling, general and administrative expenses has been continued. - FY2023RestatedAnnual report
「In addition, following a review of the presentation classification in light of the materiality of the amounts, gains on reversal of allowance for doubtful accounts and gains on reversal of provision for losses on guarantees of obligations, previously recorded under “non-operating income,” have been presented from the fiscal year under review by deducting them from “selling, general and administrative expenses,” the same classification as the provision amounts related to receivables arising from operating transactions.」
The presentation method of deducting gains on reversal of allowance for doubtful accounts and other items from selling, general and administrative expenses has been continued in the annual financial statements. - FY2023-Q3First statedAnnual report
「The reversal of the allowance for doubtful accounts and the reversal of the provision for losses on guarantees, which had previously been recognized as non-operating income, have been presented as deductions from selling, general and administrative expenses, the same classification as provisions related to receivables arising from operating transactions, since the second quarter following a review of the presentation classification in light of their materiality. To reflect this presentation method, the quarterly consolidated financial statements for the cumulative third quarter of the previous fiscal year were reclassified. As a result, operating loss in the quarterly consolidated statement of income for the cumulative third quarter of the previous fiscal year decreased by ¥188 million. There was no impact on ordinary loss or loss before income taxes.」
From the second quarter, the presentation classification of the reversal of the allowance for doubtful accounts and other items was changed, and a reclassification was made that reduced operating loss for the same period of the previous year by ¥188 million.