Standardization of fiscal year-ends and changes in consolidation methods for 5 overseas subsidiaries
First written in FY2017-Q2. 3 of 5 entries say "Restated". Latest entry: FY2022.
1 other company's latest entry also says "Restated".
- FY2022RestatedAnnual report
「The fiscal year-end of 喜開理 (中国) 有限公司, 喜開理 (上海) 機器有限公司 and CKD MEXICO, S. de R.L. de C.V., among the consolidated subsidiaries, is 31 December, and provisional closing is conducted as of the consolidated fiscal year-end of 31 March.」
The company continues to use the consolidation method involving changes to the fiscal year-ends of overseas subsidiaries and provisional closing. - FY2018RestatedAnnual report
「The fiscal year-end of 喜開理 (中国) 有限公司, 喜開理 (上海) 機器有限公司 and CKD MEXICO, S. de R.L. de C.V., among the consolidated subsidiaries, is 31 December, and provisional closing is conducted as of the consolidated fiscal year-end of 31 March.」
The company continues to use the consolidation method involving alignment of the fiscal year-ends of overseas subsidiaries and provisional closing. - FY2017AdvancedAnnual report
「The fiscal year-end of 喜開理 (中国) 有限公司, 喜開理 (上海) 機器有限公司 and CKD MEXICO, S. de R.L. de C.V., among the consolidated subsidiaries, is 31 December, and provisional closing is conducted as of the consolidated fiscal year-end of 31 March.」
The company has shifted from the comparison impact of consolidating 15 months for 5 overseas subsidiaries in the previous fiscal year to normal year-on-year comparisons, while continuing to operate the consolidation method involving changes to fiscal year-ends or provisional closing. - FY2017-Q3RestatedAnnual report
「Previously, for 5 overseas subsidiaries among the consolidated subsidiaries whose fiscal year-end was 31 December, financial statements as of that date were used, with the necessary consolidation adjustments made for significant transactions occurring between that date and the consolidated fiscal year-end. The fiscal year-end was changed from 31 December to 31 March for CKD THAI CORPORATION LTD., CKD USA CORPORATION and M-CKD PRECISION SDN.BHD. For 喜開理 (中国) 有限公司 and 喜開理 (上海) 機器有限公司, the consolidation method was changed to conduct provisional accounts as of the consolidated fiscal year-end, 31 March, and consolidate those results.」
The company has reiterated in the segment notes the change in the consolidation method arising from aligning the fiscal year-ends of 5 overseas subsidiaries and conducting provisional closing, along with the resulting comparison impact. - FY2017-Q2First statedAnnual report
「Previously, for 5 overseas subsidiaries among the consolidated subsidiaries whose fiscal year-end was 31 December, financial statements as of that date were used, with the necessary consolidation adjustments made for significant transactions occurring between that date and the consolidated fiscal year-end. The fiscal year-end was changed from 31 December to 31 March for CKD THAI CORPORATION LTD., CKD USA CORPORATION and M-CKD PRECISION SDN.BHD. For 喜開理 (中国) 有限公司 and 喜開理 (上海) 機器有限公司, the consolidation method was changed to conduct provisional accounts as of the consolidated fiscal year-end, 31 March, and consolidate those results.」
The company explains that it changed the fiscal year-end of 5 overseas consolidated subsidiaries to 31 March or switched to a method involving provisional closing, resulting in a 9-month impact in year-on-year comparisons.