Separate management of the optical equipment and imaging equipment businesses
First written in FY2021-Q2. 2 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2021: 1 of 8 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「From the current consolidated fiscal year, the reportable segments were changed from the former 3 categories, the Light Sources business, the Optical Equipment business and the Visual Imaging business, to 4 categories, the Industrial Process business, the Visual Imaging business, the Life Science business and the Photonics Solution business, in connection with organizational changes aimed at shifting from a product-based to a market-based approach in order to accelerate the provision of solutions as a "Light" solutions company, the Company's desired position in 2030.」
The change to 4 market-based business segments and the review of the allocation method for selling, general and administrative expenses were applied in the full-year report, establishing the shift from separate business management to market-based management. - FY2024-Q2AdvancedAnnual report
「From the first quarter of the consolidated fiscal year, the reportable segments were changed from the former 3 categories, the Light Sources business, the Optical Equipment business and the Visual Imaging business, to 4 categories, the Industrial Process business, the Visual Imaging business, the Life Science business and the Photonics Solution business, in connection with organizational changes aimed at shifting from a product-based to a market-based approach in order to accelerate the provision of solutions as a "Light" solutions company, the Company's desired position in 2030. From the first quarter of the consolidated fiscal year, the allocation method for some selling, general and administrative expenses was reviewed and the method of measuring reportable segment profit or loss was changed to better reflect performance by reportable segment.」
The change to 4 market-based business segments continued to be applied, and the allocation method for some selling, general and administrative expenses and the method of measuring profit and loss were reviewed to better reflect segment performance. - FY2024-Q1AdvancedAnnual report
「From the first quarter of the current consolidated fiscal year, we changed our reporting segments in line with an organizational change intended to shift from the conventional “product-based” structure to a “market-based” structure, in order to accelerate solutions provision as the “ ‘Light’ Solutions Company” we aspire to become in 2030.」
From the first quarter, the Company changed from the former management structure separating the Light Sources, Optical Equipment and Visual Imaging businesses to a structure managing 4 market-based businesses. At the same time, it revised the allocation method for selling, general and administrative expenses to segment profit. - FY2023ReframedAnnual report
「The Company determined that a shift from the former product-based approach to a market-based approach was necessary and decided to change its reportable segments from the fiscal year ending March 2024 in connection with the organizational changes effective 1 April 2023.」
A policy was presented to shift from the former separate management of the Light Sources, Optical Equipment and Visual Imaging businesses to a management structure covering 4 market-based businesses. - FY2021-Q3RestatedAnnual report
「The Group's reportable segments had previously been divided into 2 categories, the Light Sources business and the Equipment business. From the first quarter of the consolidated fiscal year, they were changed to 3 categories: the Light Sources business, the Optical Equipment business and the Visual Imaging business. This change subdivides the former Equipment business into the Optical Equipment and Visual Imaging businesses and reflects a change in the management structure adopted in connection with the formulation of a new medium-term management plan beginning in the current consolidated fiscal year, with the aim of clarifying the management issues of the Optical Equipment and Visual Imaging businesses, steadily executing business strategies suited to their respective environments and achieving the management targets set.」
The change in reportable segments to manage the Optical Equipment and Visual Imaging businesses separately, including their management issues and business strategies, continued to be disclosed in the third quarter. - FY2021-Q2First statedAnnual report
「The Group's reportable segments had previously been divided into 2 categories, the Light Sources business and the Equipment business. From the first quarter of the consolidated fiscal year, they were changed to 3 categories: the Light Sources business, the Optical Equipment business and the Visual Imaging business.」
In connection with the formulation of the new medium-term management plan, the former Equipment business was subdivided into the Optical Equipment and Visual Imaging businesses, and management was changed to a structure that clarifies the management issues of each business and executes strategies suited to its business environment.