Change to Quarterly Provisional Closings for Overseas Consolidated Subsidiaries
First written in FY2020-Q1. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
4 other companies' latest entry also says "Achieved".
- FY2020AchievedAnnual report
「To obtain more appropriate management information, the method was changed from the current consolidated fiscal year to conducting a provisional closing at the consolidated fiscal year-end.」
For the 3 consolidated subsidiaries in China, the change to conducting a provisional closing at the consolidated fiscal year-end was applied from the full fiscal year. - FY2020-Q1First statedAnnual report
「Previously, among the consolidated subsidiaries, SANSHA ELECTRIC (SHANGHAI) CO., LTD., SANSHA ELECTRIC (GUANGDONG) CO., LTD. and Dongguan Yisidan Electronic Co., Ltd., whose fiscal year-end was 31 December, used financial statements as of that date, with necessary adjustments made for material transactions arising between that date and the consolidated fiscal year-end. To obtain more appropriate management information, from the first quarter of the current consolidated fiscal year, the Group has changed to conducting a provisional closing at each quarterly consolidated fiscal year-end.」
For the 3 consolidated subsidiaries in China, the method was changed from using financial statements as of 31 December to conducting a provisional closing at each quarterly consolidated fiscal year-end.