Improving the Accuracy of Quarterly Consolidated Information Through SHIMA SEIKI ITALIA’s Pro Forma Closing
First written in FY2019-Q1. 4 of 6 entries say "Restated". Latest entry: FY2020-Q3.
The whole theme swung hardest in 2020: 1 of 12 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「Previously, because the fiscal year-ends of SHIMA SEIKI U.S.A. INC., SHIMA SEIKI EUROPE LTD. and SHIMA SEIKI SPAIN, S.A.U. differed from the consolidated closing date by no more than 3 months, the Company consolidated these subsidiaries using their quarterly financial statements for the relevant accounting periods and adjusted for material transactions arising between their closing dates and the quarterly consolidated closing date. To improve the accuracy of quarterly consolidated financial information disclosures, the Company changed its method from the first quarter of the current fiscal year to conduct a pro forma closing on the quarterly consolidated closing date. Following this change, the cumulative third-quarter consolidated period includes 12 months from 1 January 2019 to 31 December 2019.」
The company continues to use a method of conducting provisional closings on the quarterly settlement dates for 3 companies in the United States, Europe and Spain, and consolidates 12 months of results for the cumulative third quarter. - FY2020-Q1AdvancedAnnual report
「In addition, because the Company changed its method of conducting a pro forma closing on the quarterly consolidated closing date for SHIMA SEIKI U.S.A. INC., SHIMA SEIKI EUROPE LTD. and SHIMA SEIKI SPAIN, S.A.U. from the first quarter, the consolidated results for these 3 companies include 6 months from 1 January 2019 to 30 June 2019.」
In addition to SHIMA SEIKI ITALIA, the Company applied the method of conducting a pro forma closing on the quarterly consolidated closing date to 3 companies in the United States, Europe, and Spain, improving the accuracy of its disclosures. - FY2019RestatedAnnual report
「To improve the accuracy of consolidated financial information disclosures, the Company changed its method from the current consolidated fiscal year to conduct a pro forma closing on the consolidated closing date. Following this change, the current consolidated fiscal year includes 15 months from 1 January 2018 to 31 March 2019.」
The Company continued to use the method of conducting a pro forma closing on the consolidated closing date for SHIMA SEIKI ITALIA, and included 15 months of results for the fiscal year. - FY2019-Q3RestatedAnnual report
「Previously, because the fiscal year-end of SHIMA SEIKI ITALIA S.p.A. differed from the consolidated closing date by no more than 3 months, the Company consolidated the subsidiary using its quarterly financial statements for the relevant accounting period and adjusted for material transactions arising between the subsidiary’s closing date and the quarterly consolidated closing date. To improve the accuracy of quarterly consolidated financial information disclosures, the Company changed its method from the first quarter of the current fiscal year to conduct a pro forma closing on the quarterly consolidated closing date. Following this change, the cumulative third-quarter consolidated period includes 12 months from 1 January 2018 to 31 December 2018.」
The Company continued to use the method of conducting a pro forma closing on the quarterly closing date for SHIMA SEIKI ITALIA, and included 12 months of results in the cumulative third-quarter period. - FY2019-Q2RestatedAnnual report
「Previously, because the fiscal year-end of SHIMA SEIKI ITALIA S.p.A. differed from the consolidated closing date by no more than 3 months, the Company consolidated the subsidiary using its quarterly financial statements for the relevant accounting period and adjusted for material transactions arising between the subsidiary’s closing date and the quarterly consolidated closing date. To improve the accuracy of quarterly consolidated financial information disclosures, the Company changed its method from the first quarter of the current fiscal year to conduct a pro forma closing on the quarterly consolidated closing date. Following this change, the cumulative second-quarter consolidated period includes 9 months from 1 January 2018 to 30 September 2018.」
The Company continued to use the method of conducting a pro forma closing on the quarterly closing date for SHIMA SEIKI ITALIA, and included 9 months of results in the cumulative second-quarter period. - FY2019-Q1First statedAnnual report
「To improve the accuracy of quarterly consolidated financial information disclosures, the Company changed its method from the first quarter of the current fiscal year to conduct a pro forma closing on the quarterly consolidated closing date. Following this change, the first-quarter cumulative period includes six months from 1 January 2018 to 30 June 2018.」
For SHIMA SEIKI ITALIA S.p.A., the Company changed to a method of conducting a pro forma closing on the quarterly consolidated closing date and began including six months of results in the cumulative first-quarter consolidated period.