Improving the Usefulness of Financial Information by Changing the Closing Dates of Overseas Consolidated Subsidiaries
First written in FY2018-Q3. 5 of 9 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2026-H1.
16 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「Previously, 武蔵ワイヤード株式会社, a consolidated subsidiary whose closing date was 28 February, used financial statements as of that date and made the necessary consolidation adjustments for material transactions arising between that date and the consolidated closing date. From the current interim consolidated accounting period, its closing date was changed to 31 March.」
The closing date of 武蔵ワイヤード株式会社 was changed from 28 February to 31 March, reducing the gap between its closing date and the consolidated closing date. - FY2023Number of companies subject to interim closings decreased from 24 to 7Annual report
「Among the consolidated subsidiaries, 7 companies have a closing date of 31 December. These 7 companies conduct an interim closing at the consolidated closing date and are included in the consolidation.」
The number of companies subject to interim closings at the consolidated closing date changed from 24 in the previous fiscal year to 7. - FY2022AdvancedAnnual report
「Among the consolidated subsidiaries, 24 companies have a closing date of 31 December. These 24 companies conduct an interim closing at the consolidated closing date and are included in the consolidation.」
To incorporate timely financial information from overseas subsidiaries, the number of companies subject to interim closings at the consolidated closing date increased from 23 in the previous fiscal year to 24. - FY2020AdvancedAnnual report
「Among the consolidated subsidiaries, 23 companies have a closing date of 31 December. These 23 companies conduct an interim closing at the consolidated closing date and are included in the consolidation.」
To incorporate timely financial information from overseas subsidiaries, the Company has expanded the operation of conducting interim closings at the consolidated closing date to 23 companies. - FY2020-Q1AdvancedAnnual report
「Previously, Musashi Holdings Europe GmbH and its subsidiaries, whose closing date was 31 December, used financial statements as of that date and made the necessary consolidation adjustments for material transactions arising between that date and the consolidated closing date. To improve the usefulness of financial information based on more timely and appropriate information, from the first quarter of the current consolidated fiscal year the Company changed to a method of conducting an interim closing at the consolidated closing date and including the resulting figures in the consolidation.」
For Musashi Holdings Europe and its subsidiaries, the Company changed from using financial statements as of the previous closing date to conducting an interim closing at the consolidated closing date, expanding the incorporation of timely financial information. - FY2019RestatedAnnual report
「To improve the usefulness of financial information based on more timely and appropriate information, from the current consolidated fiscal year the Company changed to a method of conducting an interim closing at the consolidated closing date and including the resulting figures in the consolidation. In addition, for Musashi Auto Parts Company Limited, a consolidated subsidiary whose closing date was 31 December, the closing date was changed from 31 December to 31 March from the current consolidated fiscal year, also to improve the usefulness of financial information based on more timely and appropriate information.」
The consolidation of overseas subsidiaries using interim closings and the changes to closing dates have also been applied in the current consolidated fiscal year. - FY2019-Q1AdvancedAnnual report
「Previously, the consolidated subsidiaries Musashi do Brasil Ltda., Musashi da Amazonia Ltda., 武蔵精密汽車零部件（中山）有限公司, 武蔵精密汽車零部件（南通）有限公司, 武蔵精密企業投資（中山）有限公司, and Musashi Auto Parts Mexico S.A. de C.V., whose closing date was 31 December, used financial statements as of that date and made the necessary consolidation adjustments for material transactions arising between that date and the consolidated closing date. To improve the usefulness of financial information based on more timely and appropriate information, from the first quarter of the current consolidated fiscal year they changed to a method of conducting an interim closing at the consolidated closing date and including the resulting figures in the consolidation. In addition, for Musashi Auto Parts Company Limited, a consolidated subsidiary whose closing date was 31 December, the closing date was changed from 31 December to 31 March from the first quarter of the current consolidated fiscal year, also to improve the usefulness of financial information based on more timely and appropriate information.」
The method of conducting an interim closing at the consolidated closing date was applied to 6 companies, and the closing date of Musashi Auto Parts Company Limited was also changed from 31 December to 31 March. The initiative to incorporate timely financial information from overseas subsidiaries is expanding. - FY2018AchievedAnnual report
「PT. Musashi Auto Parts Indonesia and Musashi Hungary Manufacturing Limited, whose closing date was 31 December, previously used financial statements as of that date and made the necessary consolidation adjustments for material transactions arising between that date and the consolidated closing date. To improve the usefulness of financial information based on more timely and appropriate information, their closing date was changed to 31 March from the current consolidated fiscal year.」
The measure to change the closing dates of the Indonesian and Hungarian subsidiaries from 31 December to 31 March was implemented from the current consolidated fiscal year. - FY2018-Q3First statedAnnual report
「Previously, the consolidated subsidiaries PT. Musashi Auto Parts Indonesia and Musashi Hungary Manufacturing Limited, whose closing date was 31 December, used financial statements as of that date and made the necessary consolidation adjustments for material transactions arising between that date and the consolidated closing date. To improve the usefulness of financial information based on more timely and appropriate information, their closing date was changed to 31 March from the first quarter of the consolidated fiscal year.」
The closing dates of the Indonesian and Hungarian subsidiaries were changed from 31 December to 31 March to improve the usefulness of financial information based on more timely and appropriate information, as described here for the first time.