Seasonal Fluctuations Associated with New Childcare Center Openings
First written in FY2020. 5 of 6 entries say "Restated". Latest entry: FY2026.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「New nursery schools and other facilities operated by the Group are opened primarily in April. For newly opened facilities, opening preparation costs and other expenses tend to be incurred in advance during the first through third quarters (August to April), while substantial subsidy income tends to be recognized in the third quarter (February to April).」
The document continues to disclose seasonality caused by the timing gap between the recognition of opening preparation costs and subsidy income associated with April openings. - FY2025RestatedAnnual report
「New nursery schools and other facilities operated by the Group are opened primarily in April. For newly opened facilities, opening preparation costs and other expenses tend to be incurred in advance during the first through third quarters (August to April), while substantial subsidy income tends to be recognized in the third quarter (February to April).」
The document continues to disclose seasonality caused by the timing gap between the recognition of opening preparation costs and subsidy income associated with April openings. - FY2023RestatedAnnual report
「New nursery schools and other facilities operated by the Group are opened primarily in April. For newly opened facilities, opening preparation costs and other expenses tend to be incurred in advance during the first through third quarters (August to April), while substantial subsidy income tends to be recognized in the third quarter (February to April).」
The document continues to disclose seasonality caused by the timing gap between the recognition of opening preparation costs and subsidy income associated with April openings. - FY2022RestatedAnnual report
「New nursery schools and other facilities operated by the Group are opened primarily in April. For newly opened facilities, opening preparation costs and other expenses tend to be incurred in advance during the first through third quarters (August to April), while substantial subsidy income tends to be recognized in the third quarter (February to April).」
The document continues to disclose seasonality caused by the timing gap between the recognition of opening preparation costs and subsidy income associated with April openings. - FY2021RestatedAnnual report
「New nursery schools and other facilities are opened primarily in April. For newly opened facilities, opening preparation costs and other expenses tend to be incurred in advance during the first through third quarters (August to April), while substantial subsidy income tends to be recognized in the third quarter (February to April).」
The document continues to disclose seasonality caused by the timing gap between the recognition of opening preparation costs and subsidy income associated with April openings. - FY2020First statedAnnual report
「New nursery schools and other facilities are opened primarily in April. For newly opened facilities, opening preparation costs and other expenses tend to be incurred in advance during the first through third quarters (August to April), while substantial subsidy income tends to be recognized in the third quarter (February to April).」
The document recognizes fluctuations in quarterly results caused by the timing gap between the recognition of opening preparation costs and subsidy income.