Change in Method of Measuring Segment Profit
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2021: 1 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Company applied the accounting standards for revenue recognition and related standards from the beginning of the current fiscal year and decided to recognize revenue at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」
The Company continues to disclose that the method of measuring segment profit was also changed in connection with the application of the revenue recognition accounting standards and related standards. - FY2022-Q3RestatedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter accounting period and changed its accounting treatment for revenue recognition. Accordingly, it also changed the method of measuring profit or loss for business segments.」
The Company continues to disclose the change in the method of measuring business-segment profit or loss associated with the application of the Accounting Standard for Revenue Recognition and related standards. - FY2022-Q2RestatedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter accounting period and changed its accounting treatment for revenue recognition. Accordingly, it also changed the method of measuring profit or loss for business segments.」
The Company continues to disclose the change in the method of measuring business-segment profit or loss associated with the application of the Accounting Standard for Revenue Recognition and related standards. - FY2022-Q1ReframedAnnual report
「As stated under “Changes in Accounting Policies,” the Company applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter accounting period and changed its accounting treatment for revenue recognition. Accordingly, it also changed the method of measuring profit or loss for business segments.」
The method of measuring profit or loss for business segments was also changed in connection with the application of the Accounting Standard for Revenue Recognition and related standards. - FY2019First statedAnnual report
「From the current fiscal year, in connection with a change in the Company's internal management methods, a portion of sales previously classified under the Construction Business was reclassified to the Gear and Gear Equipment Business. As a result, compared with the previous method, current-fiscal-year segment profit (operating profit) decreased by ¥185.360 million in the Construction Business and increased by ¥185.360 million in the Gear and Gear Equipment Business.」
In connection with a change in internal management methods, the Company changed the classification of sales between business segments and the method of allocating segment profit.