Timely Reporting of Quarterly Consolidated Information Through Provisional Closing at Overseas Logistics Subsidiaries
First written in FY2020-Q1. 2 of 4 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2020AdvancedAnnual report
「Previously, we used the financial statements of consolidated subsidiaries as of their respective fiscal year-ends and made the necessary consolidation adjustments for material transactions occurring between those dates and the consolidated closing date. However, to obtain more appropriate management information and disclose consolidated financial statements, from the current consolidated fiscal year we changed to a method under which preliminary accounts are prepared as of the consolidated closing date.」
From the current fiscal year, we began preparing preliminary accounts for overseas logistics subsidiaries and other entities as of the consolidated closing date, expanding the scope of information gathered and disclosed on a timely basis. - FY2020-Q3RestatedAnnual report
「To obtain more appropriate management information and disclose quarterly consolidated financial statements, from the first quarter of the current consolidated fiscal year we changed to a method under which preliminary accounts are prepared as of the quarterly consolidated closing date.」
Continued to improve the timeliness of management information and disclosures for overseas logistics subsidiaries by preparing preliminary accounts as of the quarterly consolidated closing date. - FY2020-Q2RestatedAnnual report
「To obtain more appropriate management information and disclose quarterly consolidated financial statements, from the first quarter of the current consolidated fiscal year we changed to a method under which preliminary accounts are prepared as of the quarterly consolidated closing date.」
Continued to improve the timeliness of management information and disclosures for overseas logistics subsidiaries by preparing preliminary accounts as of the quarterly consolidated closing date. - FY2020-Q1First statedAnnual report
「To obtain more appropriate management information and disclose quarterly consolidated financial statements, from the first quarter of the current consolidated fiscal year we changed to a method under which preliminary accounts are prepared as of the quarterly consolidated closing date.」
For overseas logistics subsidiaries whose fiscal year-end was 31 December, we changed the method from the first quarter of FY2020 to prepare preliminary accounts as of the quarterly consolidated closing date, thereby improving the timeliness of management information and quarterly disclosures.