Change to provisional quarterly closings for consolidated subsidiaries
First written in FY2020-Q1. 3 of 4 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「To obtain more appropriate management information and disclose consolidated financial statements, the company has changed, from the current consolidated fiscal year, to a method of conducting a provisional closing at the consolidated closing date.」
For 2 consolidated subsidiaries with a 31 December fiscal year-end, the method of conducting a provisional closing at the consolidated closing date continues, and 15 months are included in consolidation for the fiscal year. - FY2020-Q3RestatedAnnual report
「To obtain more appropriate management information and disclose quarterly consolidated financial statements, 2 consolidated subsidiaries whose fiscal year-end is 31 December, including 日工（上海）工程機械有限公司, changed from the first-quarter consolidated accounting period to a method of conducting a provisional closing at the quarterly consolidated closing date. As a result of this change, the current 3-quarter consolidated cumulative period includes 12 months from 1 January 2019 to 31 December 2019, with adjustments made through the consolidated income statement.」
For 2 consolidated subsidiaries, the method of conducting a provisional closing at the quarterly consolidated closing date continues, and the first 3 quarters include 12 months from January through December 2019. - FY2020-Q2RestatedAnnual report
「To obtain more appropriate management information and disclose quarterly consolidated financial statements, 2 consolidated subsidiaries whose fiscal year-end is 31 December, including 日工（上海）工程機械有限公司, changed from the first-quarter consolidated accounting period to a method of conducting a provisional closing at the quarterly consolidated closing date. As a result of this change, the current 2-quarter consolidated cumulative period includes 9 months from 1 January 2019 to 30 September 2019, with adjustments made through the consolidated income statement.」
The change to provisional closing at the quarterly consolidated closing date for 2 consolidated subsidiaries continues, and the first 2 quarters include 9 months from January through September 2019. - FY2020-Q1First statedAnnual report
「Previously, when the difference between the end of a consolidated subsidiary's quarterly accounting period and the quarterly consolidated closing date was no more than 3 months, the corresponding quarterly consolidated financial statements were prepared based on the subsidiary's quarterly financial statements for that period, with necessary adjustments made for material transactions arising between that period-end and the quarterly consolidated closing date. To obtain more appropriate management information and disclose quarterly consolidated financial statements, however, 2 consolidated subsidiaries whose fiscal year-end is 31 December, including 日工（上海）工程機械有限公司, have changed to a method of conducting a provisional closing at the quarterly consolidated closing date from the current first-quarter consolidated accounting period.」
To obtain more appropriate management information and make quarterly disclosures, 2 consolidated subsidiaries with a 31 December fiscal year-end have changed, from the current first-quarter consolidated accounting period, to a method of conducting a provisional closing at the quarterly consolidated closing date.