Adoption of Adjusted EBITA as the Segment Profit or Loss Metric
First written in FY2023-Q1. 2 of 9 entries say "Advanced", first in FY2023. Latest entry: FY2026-H1.
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- FY2026-H1AchievedAnnual report
「For segment profit from the current interim consolidated period, we have changed the calculation method for Adjusted EBITA (Adjusted Earnings before interest, taxes and amortization), which the highest decision-making body primarily uses to allocate segment resources and review performance, and present it accordingly.」
The planned change to the Adjusted EBITA calculation method was implemented from the current interim consolidated period, transitioning to a definition that does not add investment gains and losses accounted for under the equity method. - FY2025ReframedAnnual report
「For segment profit from the next consolidated fiscal year, we plan to change the calculation method for Adjusted EBITA, which has previously been used, and present it accordingly. From the next consolidated fiscal year, it will be defined as profit calculated by deducting selling, general and administrative expenses from gross profit and adding back amortization of intangible assets and other items recognized through business combinations.」
We indicated that the calculation method for Adjusted EBITA would be changed from FY2025 to a definition that does not add investment gains and losses accounted for under the equity method. - FY2025-H1Updated interim Adjusted EBITA resultsAnnual report
「As a result, Adjusted EBITA increased by ¥66.1 billion year on year to ¥467.0 billion.」
Adjusted EBITA, the primary segment profit metric, increased by ¥66.1 billion year on year to ¥467.0 billion for the interim period. - FY2024AdvancedAnnual report
「As a result, Adjusted EBITA increased by ¥33.5 billion year on year to ¥918.1 billion.」
Adjusted EBITA was used as the primary segment profit metric, with annual results of ¥918.1 billion and an Adjusted EBITA margin of 10.1%. Progress against the 12% target under the 2024 Mid-term Management Plan was disclosed. - FY2024-Q3Updated cumulative Adjusted EBITA results for the third quarterAnnual report
「As a result, Adjusted EBITA increased by ¥7.9 billion year on year to ¥632.2 billion.」
Adjusted EBITA, adopted as the segment profit metric, increased by ¥7.9 billion year on year to ¥632.2 billion for the cumulative third quarter. - FY2024-Q2Updated cumulative Adjusted EBITA resultsAnnual report
「As a result, Adjusted EBITA increased by ¥7.8 billion year on year to ¥400.9 billion.」
Adjusted EBITA, adopted as the segment profit metric, increased by ¥7.8 billion year on year to ¥400.9 billion for the first half. - FY2024-Q1Updated quarterly Adjusted EBITA resultsAnnual report
「Although revenue declined, Adjusted EBITA increased by ¥16.1 billion year on year to ¥170.9 billion, mainly due to improved profitability in the Automotive Systems and Green Energy & Mobility segments.」
Adjusted EBITA was used as the segment profit metric, and consolidated first-quarter results increased by ¥16.1 billion year on year to ¥170.9 billion. - FY2023AdvancedAnnual report
「As a result, Adjusted EBITA, an abbreviation for Adjusted Earnings before interest, taxes and amortization and a metric calculated by adding back amortization of intangible assets and other items recognized through business combinations to adjusted operating profit and adding investment gains and losses accounted for under the equity method, increased by ¥29.2 billion year on year to ¥884.6 billion.」
Adjusted EBITA, introduced as a segment profit metric, was used as a key annual performance indicator, and results of ¥884.6 billion were disclosed. - FY2023-Q1First statedAnnual report
「For segment profit from the current consolidated fiscal year, we have changed the measure of profit primarily used by the highest decision-making body in allocating segment resources and reviewing performance from quarterly profit before tax and interest adjusted for interest income and interest expense (EBIT), which had previously been used, to Adjusted EBITA, and present it accordingly.」
From FY2022, we changed the primary profit metric used for segment resource allocation and performance evaluation from the previous EBIT to Adjusted EBITA.