Transition to Non-Consolidated Financial Statements Following the Absorption-Type Merger and Limitations on Comparative Analysis
First written in FY2020-Q2. 2 of 5 entries say "Restated". Latest entry: FY2021-Q3.
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- FY2021-Q3RestatedAnnual report
「Because the company absorbed 株式会社ミヤギ, which had been a consolidated subsidiary, effective 1 June 2019 in the previous fiscal year, it did not prepare consolidated financial statements for the third quarter of the fiscal year ending February 2020. However, because KYODO DIE-WORKS(THAILAND)CO.,LTD. became a consolidated subsidiary at the end of the previous consolidated fiscal year, no comparative analysis was conducted of the profit and loss figures for the same quarter of the previous year or the corresponding year-on-year rates of change.」
The explanation that no comparative analysis with the same quarter of the previous year was conducted due to the difference between consolidated and non-consolidated accounting resulting from the absorption-type merger of 株式会社ミヤギ and KDT becoming a consolidated subsidiary continues. - FY2021-Q2RestatedAnnual report
「Because the company absorbed 株式会社ミヤギ, which had been a consolidated subsidiary, effective 1 June 2019 in the previous fiscal year, it did not prepare consolidated financial statements for the second quarter of the fiscal year ending February 2020. However, because KYODO DIE-WORKS(THAILAND)CO.,LTD. became a consolidated subsidiary at the end of the previous consolidated fiscal year, no comparative analysis was conducted of the profit and loss figures for the same quarter of the previous year or the corresponding year-on-year rates of change.」
The explanation that no comparative analysis of profit and loss with the same quarter of the previous year was conducted due to the difference between consolidated and non-consolidated accounting resulting from the absorption-type merger of 株式会社ミヤギ and the inclusion of KDT as a consolidated subsidiary continues to be reported. - FY2021-Q1AchievedAnnual report
「Because the Company prepares quarterly consolidated financial statements, it does not present the trends in major management indicators for the reporting company on a standalone basis.」
The previously planned transition to consolidated accounting following the acquisition of KDT as a subsidiary was completed, and quarterly consolidated financial statements are being prepared in the first-quarter report. - FY2020-Q3ReframedAnnual report
「As a result of this business combination, the company will transition to consolidated accounting from the financial results for the fourth quarter of the fiscal year ending February 2020.」
It was reported that, following the absorption-type merger of 株式会社ミヤギ, non-consolidated financial statements were prepared through the third quarter, while the company plans to transition to consolidated accounting from the fourth quarter following the subsequent event of making KDT a subsidiary. - FY2020-Q2First statedAnnual report
「As the Company became a company that does not prepare quarterly consolidated financial statements from the second quarter of the fiscal year ending February 2020 following the merger, it has not performed comparative analysis of profit and loss figures for the same quarter of the previous year or the year-on-year changes in those figures.」
Following the absorption merger of 株式会社ミヤギ, the Company no longer had consolidated subsidiaries and stopped preparing quarterly consolidated financial statements from the second quarter of the fiscal year ending February 2020. It also explicitly stated that it would not conduct year-on-year comparative analysis.