Change in accounting treatment of Quality Assurance Division expenses
First written in FY2024-Q1. 3 of 4 entries say "Restated". Latest entry: FY2024.
0 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Expenses that had previously all been recorded as cost of sales because they could not be separated between cost of sales and selling, general and administrative expenses can now be recorded more accurately in line with the substance of the company's activities, following the divisional reorganisation, which subdivided the divisions' roles.」
The company has continued to transfer Quality Assurance Division expenses from cost of sales to selling, general and administrative expenses, and has disclosed the relationship with the divisional reorganisation and the full-year impact. - FY2024-Q3RestatedAnnual report
「As a result of this change, merchandise and finished goods at the end of the third quarter of the current consolidated fiscal year decreased by ¥19.902 million, and work in process decreased by ¥2.512 million. For the cumulative third-quarter period, cost of sales decreased by ¥50.889 million and selling, general and administrative expenses increased by ¥73.304 million. Gross profit increased by ¥50.889 million, while operating income, ordinary income and profit before income taxes decreased by ¥22.415 million each, and net income per share decreased by ¥6.80.」
The company has continued to apply the accounting treatment of transferring Quality Assurance Division expenses to selling, general and administrative expenses, and has disclosed the impact for the cumulative third-quarter period. - FY2024-Q2RestatedAnnual report
「As a result, part of the personnel expenses and other expenses attributable to the division responsible for quality assurance, which had previously been recorded as cost of sales, is now recorded as selling, general and administrative expenses.」
The company has continued to apply the change in the accounting treatment of Quality Assurance Division expenses from cost of sales to selling, general and administrative expenses, disclosing that, for the cumulative period through the current quarter, cost of sales decreased by ¥28.243 million and selling, general and administrative expenses increased by ¥46.968 million. - FY2024-Q1First statedAnnual report
「As a result, part of the personnel expenses and other expenses attributable to the division responsible for quality assurance, which had previously been recorded as cost of sales, is now recorded as selling, general and administrative expenses.」
In connection with the divisional reorganisation, the company changed the classification of part of the expenses attributable to the Quality Assurance Division from cost of sales to selling, general and administrative expenses, and has applied the change prospectively from the first quarter of the current consolidated fiscal year.