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Alps Alpine (6770) · InitiativeAdvanced

Change the financial year-end of 3 overseas subsidiaries, including FAITAL, to 31 March

First written in FY2023-Q1. 2 of 3 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2023.

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How it moved
ProgressHeldSoftenedWorseFirst statedFY2023-Q1AdvancedFY2023-Q3 – FY20232022: 120222023: 22023
Same theme, other companies
Change in Consolidation Period Due to Fiscal Year-End Alignment Across the GroupA theme 84 companies write about · 0 as a headwind · 32 as a tailwind

11 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 84 companies compared. The sentences above are computed from all 84.
Full recordFilings, disclosures and news, newest first
  1. FY2023AdvancedAnnual report

    「In connection with this change in fiscal year-end, the current consolidated fiscal year includes 15 months from 1 January 2022 to 31 March 2023.」

    As a result of changing the fiscal year-ends of 3 overseas subsidiaries, including FAITAL S.p.A., adopted a consolidation procedure covering the 15-month period from January 2022 to March 2023.
  2. FY2023-Q3AdvancedAnnual report

    「In connection with this change in fiscal year-end, the nine-month period ended 31 December 2022 includes 12 months from 1 January 2022 to 31 December 2022. The 3 subsidiaries whose fiscal year-ends were changed reported revenue of ¥1,628 million, operating income of ¥264 million, ordinary income of ¥244 million and profit before income taxes for the quarter of ¥244 million for the period from 1 January 2022 to 31 March 2022.」

    Following the change in fiscal year-end of 3 overseas subsidiaries, including FAITAL S.p.A., adopted a consolidation procedure covering the 12-month period from January to December 2022 and disclosed the results for the additional consolidation period arising from the change.
  3. FY2023-Q1First statedAnnual report

    「Of the consolidated subsidiaries, FAITAL S.p.A., Magyarországi Hangszórógyártó Kft. and FAITAL U.S.A., INC., whose fiscal year-ends had previously been 31 December, used financial statements as of that date and made the necessary adjustments for material transactions occurring between that date and the consolidated fiscal year-end. From the first quarter of the current consolidated fiscal year, their fiscal year-ends have been changed to 31 March.」

    Changed the fiscal year-ends of 3 overseas consolidated subsidiaries from 31 December to 31 March, and disclosed for the first time the accounting and consolidation procedures adopted to eliminate the timing difference with the consolidated fiscal year-end.
Moved together

"Business expansion driven by automotive and mobile as its two core revenue pillars" moved the same way as this thread, in the same document, in 2 of its 3 moves.

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  2. 1Business expansion driven by automotive and mobile as its two core revenue pillars2×

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Alps Alpine's next results are scheduled for 2026-10-30. Read the earnings preview
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Change the financial year-end of 3 overseas subsidiaries, including FAITAL, to 31 March | ALPS ALPINE CO.,LTD. (6770) | Komori