Application of IFRS to an Overseas Affiliate
First written in FY2017-Q2. 1 of 2 entries say "Restated". Latest entry: FY2017-Q3.
7 other companies' latest entry also says "Restated".
- FY2017-Q3RestatedAnnual report
「For applying the equity method to the overseas affiliated company Y&Tパワーテック社, the company has used, since the first quarter of the consolidated fiscal period, the company's financial statements prepared in accordance with International Financial Reporting Standards (IFRS) as the basis for its accounting. This treatment has been applied retrospectively, and the quarterly consolidated financial statements for the previous quarters and the consolidated financial statements for the previous fiscal year reflect the retrospective application.」
The company reconfirmed the application of IFRS and its retrospective application to Y&Tパワーテック社, disclosing an impact of ¥31 million on ordinary income and other items for the third quarter of the previous fiscal year and a cumulative impact of ¥504 million on retained earnings at the beginning of the previous consolidated fiscal year. - FY2017-Q2First statedAnnual report
「For applying the equity method to the overseas affiliate Y&T Powertech, beginning with the first quarter consolidated accounting period, we have used the affiliate's financial statements prepared in accordance with International Financial Reporting Standards (IFRS) as the basis.」
From the first quarter, the Company's equity-method accounting for Y&T Powertech was based on IFRS financial statements.