Improving the Timeliness of Consolidated Information by Standardizing Overseas Subsidiaries’ Fiscal Year-Ends and Conducting Provisional Closings
First written in FY2021-Q1. 2 of 5 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2024.
1 other company's latest entry also says "Restated".
- FY2024RestatedAnnual report
「In preparing the consolidated financial statements, the Company uses financial statements based on interim accounts prepared as of the consolidated closing date for these companies.」
For overseas subsidiaries with different fiscal year-ends, the Company continues to use interim accounts prepared as of the consolidated closing date, ensuring the timeliness and consistency of consolidated information. - FY2021AdvancedAnnual report
「MUJI PHILIPPINES CORP., whose fiscal year-end is 31 December, changed to a method of preparing interim accounts as of the quarterly consolidated closing date in the first quarter of the current consolidated fiscal year. MUJI PHILIPPINES CORP. changed its fiscal year-end to 31 August from the fourth quarter of the current consolidated fiscal year.」
For the Philippine subsidiary, in addition to changing to a method of preparing interim accounts as of the quarterly consolidated closing date, the Company changed its fiscal year-end to 31 August from the fourth quarter of the fiscal year ending August 2021, improving the timeliness and consistency of consolidated information. - FY2021-Q3RestatedAnnual report
「Ryohin-Keikaku Reliance India Private Limited has a fiscal year-end of 31 March, while 無印良品（上海）商業有限公司, 愛姆吉斯（上海）貿易有限公司 and MUJI RETAIL (VIETNAM) LIMITED LIABILITY COMPANY have fiscal year-ends of 31 December. The Company had used financial statements based on interim accounts in preparing the consolidated financial statements and made the necessary consolidation adjustments for material transactions arising between the interim closing date and the consolidated closing date. To enhance the usefulness of its financial information by basing it on more timely and appropriate information, from the first quarter of the current consolidated fiscal year the Company changed to a method of preparing interim accounts as of the quarterly consolidated closing date.」
The Company continues to change the fiscal year-ends of overseas subsidiaries and prepare interim accounts as of the quarterly consolidated closing date, seeking to improve the timeliness of consolidated information. - FY2021-Q2AdvancedAnnual report
「MUJI U.S.A. Limited and MUJI PHILIPPINES CORP., whose fiscal year-ends had been 31 December, changed to a method of preparing interim accounts as of the quarterly consolidated closing date in the first quarter of the current consolidated fiscal year. MUJI U.S.A. Limited changed its fiscal year-end to 31 August from the second quarter of the current consolidated fiscal year. Ryohin-Keikaku Reliance India Private Limited has a fiscal year-end of 31 March, while 無印良品（上海）商業有限公司, 愛姆吉斯（上海）貿易有限公司 and MUJI RETAIL (VIETNAM) LIMITED LIABILITY COMPANY have fiscal year-ends of 31 December. The Company had used financial statements based on interim accounts in preparing the consolidated financial statements and made the necessary consolidation adjustments for material transactions arising between the interim closing date and the consolidated closing date. To enhance the usefulness of its financial information by basing it on more timely and appropriate information, from the first quarter of the current consolidated fiscal year the Company changed to a method of preparing interim accounts as of the quarterly consolidated closing date.」
The Company expanded measures to improve the timeliness of consolidated information, including changing the U.S. subsidiaries' fiscal year-end to 31 August and changing to a method of preparing interim accounts as of the quarterly consolidated closing date in the Philippines, India, Shanghai, Vietnam and other locations. - FY2021-Q1First statedAnnual report
「MUJI PHILIPPINES CORP.'s fiscal year-end remained 31 December because procedures to change it had not been completed, and the Company had used financial statements based on interim accounts in preparing its consolidated financial statements. To enhance the usefulness of its financial information by basing it on more timely and appropriate information, from the first quarter of the current consolidated fiscal year the Company changed to a method of preparing interim accounts as of the quarterly consolidated closing date. MUJI (SINGAPORE) PRIVATE LTD. and MUJI (MALAYSIA) SDN.BHD., whose fiscal year-ends had previously been 31 December, had also used financial statements based on interim accounts in preparing the consolidated financial statements and made the necessary consolidation adjustments for material transactions arising between the interim closing date and the consolidated closing date. From the first quarter of the current consolidated fiscal year, their fiscal year-ends were changed to 31 August.」
In addition to changing the fiscal year-ends of overseas subsidiaries to 31 August, the Company changed to a method of preparing interim accounts as of the quarterly consolidated closing date, seeking to base consolidation on more timely and appropriate financial information.