Standardization of Fiscal Year-End Dates for Overseas Consolidated Subsidiaries and Introduction of Provisional Closings
First written in FY2018-Q1. 1 of 2 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2018-Q3.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2018-Q3AdvancedAnnual report
「As a result of this change, the consolidated cumulative period for the third quarter of the current fiscal year covers the 12 months from 1 January 2017 to 31 December 2017, with adjustments made through the consolidated income statement.」
For overseas consolidated subsidiaries, we changed to a method of performing an interim closing on the consolidated reporting date, and consolidated 12 months of results for the third quarter. - FY2018-Q1First statedAnnual report
「Previously, for OKI BRASIL INDÚSTRIA E COMÉRCIO DE PRODUTOS E TECNOLOGIA EM AUTOMAÇÃO S.A. and 7 other companies whose reporting date was 31 December, we used financial statements as of that date and made the necessary consolidation adjustments for significant transactions arising between that date and the consolidated reporting date. To provide more appropriate disclosure of consolidated financial information, from the first quarter of the current fiscal year we changed to a method under which an interim closing is performed on the consolidated reporting date. As a result of this change, the consolidated cumulative period for the first quarter of the current fiscal year covers the 6 months from 1 January 2017 to 30 June 2017, with adjustments made through the consolidated income statement.」
For 8 companies, including OKI BRASIL, we changed to a method of performing an interim closing on the consolidated reporting date and consolidated 6 months of results for the current quarter.