Reclassification of repair and other costs from selling, general and administrative expenses to cost of sales
First written in FY2018-Q1. 2 of 3 entries say "Restated". Latest entry: FY2018-Q3.
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- FY2018-Q3RestatedAnnual report
「Certain consolidated subsidiaries have recorded costs related to repairs and other services, which had previously been included in selling, general and administrative expenses, in cost of sales from the first quarter of the current consolidated fiscal year. This change resulted from the establishment of a cost management system, as the proportion of service-parts sales and repairs, the subsidiary's main businesses, had increased and was expected to increase further, creating a need to measure cost of sales more precisely.」
The reclassification of repair and other costs from selling, general and administrative expenses to cost of sales continues to be described. The amount reclassified for the same period of the previous year was ¥101.971 million, with no impact on operating income or other measures. - FY2018-Q2RestatedAnnual report
「Certain consolidated subsidiaries have recorded costs related to repairs and other services, which had previously been included in selling, general and administrative expenses, in cost of sales from the first quarter of the current consolidated fiscal year. This change resulted from the establishment of a cost management system, as the proportion of service-parts sales and repairs, the subsidiary's main businesses, had increased and was expected to increase further, creating a need to measure cost of sales more precisely.」
The reclassification of repair and other costs from selling, general and administrative expenses to cost of sales continues to be described. Comparative information was reclassified by ¥67.252 million, with no impact on operating income or other measures. - FY2018-Q1First statedAnnual report
「Certain consolidated subsidiaries have recorded costs related to repairs and other services, which had previously been included in selling, general and administrative expenses, in cost of sales from the first quarter of the current consolidated fiscal year.」
Against a backdrop of the increasing proportion of service-parts sales and repairs, and the establishment of a cost management system, the classification of repair and other costs was changed from selling, general and administrative expenses to cost of sales. The company explained that there was no impact on operating income or other measures.