Improving Consolidated Disclosures by Changing Sitrade Italia’s Fiscal Year-End
First written in FY2024-Q1. 4 of 5 entries say "Advanced", first in FY2024-Q2. Latest entry: FY2026.
9 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Glory Global Solutions Ltd., Glory Global Solutions (Topco) Ltd., Glory Global Solutions (Midco) Ltd. and Glory Global Solutions (Holdings) Ltd. ceased to exist following an absorption-type merger with Glory Global Solutions (International) Ltd. as the surviving company. Flooid Topco Limited and five other companies likewise ceased to exist following an absorption-type merger with Flooid Midco Limited as the surviving company.」
Among the overseas group companies, four Glory Global Solutions-related companies and six Flooid-related companies were merged by absorption, simplifying and integrating the group structure. Acrelec has also become a wholly owned subsidiary through an additional acquisition. - FY2025AdvancedAnnual report
「From the current consolidated fiscal year, Acrelec Group S.A.S. and 22 other companies whose fiscal year-end had been 31 December have changed their fiscal year-end to 31 March.」
Following Sitrade Italia and others, Acrelec Group S.A.S. and 22 other companies also changed their fiscal year-end to 31 March, advancing the improvement of consolidated disclosures. - FY2025-H1AdvancedAnnual report
「Acrelec Group S.A.S. and 24 other consolidated subsidiaries whose fiscal year-end had been 31 December had previously used financial statements as of that date and made the necessary adjustments for material transactions arising between that date and the consolidated fiscal year-end. To provide more appropriate disclosure in the consolidated financial statements, the Company has changed their fiscal year-end to 31 March, effective from the current interim consolidated fiscal period.」
Following Sitrade Italia, Acrelec Group S.A.S. and 24 other companies also changed their fiscal year-end from 31 December to 31 March, advancing the improvement of consolidated disclosures. - FY2024-Q2AdvancedAnnual report
「In connection with this change in the fiscal year-end, profit or loss for the period from 1 January 2023 to 31 March 2023 has been adjusted as a change in retained earnings.」
Discloses that, following the change in Sitrade Italia's fiscal year-end to 31 March, profit or loss for the period from January to March 2023 was adjusted as a change in retained earnings. - FY2024-Q1First statedAnnual report
「Sitrade Italia S.p.A., one of the consolidated subsidiaries whose fiscal year-end was 31 December, had previously used financial statements as of that date and made the necessary adjustments for material transactions arising between that date and the consolidated fiscal year-end. To provide more appropriate disclosure in the consolidated financial statements, the Company has changed its fiscal year-end to 31 March, effective from the first quarter of the current consolidated fiscal year.」
Sitrade Italia S.p.A.'s fiscal year-end was changed from 31 December to 31 March, marking the first disclosure of an accounting and consolidation practice change intended to improve the appropriateness of consolidated financial statement disclosures.