Change in accounting classification of fixed costs related to infectious diseases, cooperation payments and subsidies
First written in FY2022-Q1. 1 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
1 other company's latest entry also says "Restated".
- FY2022RestatedAnnual report
「From the current fiscal year, the company changed its accounting policies for losses attributable to COVID-19, COVID-19 infection prevention cooperation payments and employment adjustment subsidies, and compares and analyzes performance against the previous fiscal year using figures reflecting the retrospective treatment.」
The company continues to present figures reflecting the reclassification and retrospective treatment of pandemic-related fixed costs, cooperation payments and subsidies. - FY2022-Q2AdvancedAnnual report
「The change in accounting policy was applied retrospectively, and the quarterly financial statements and financial statements for the previous quarter and previous fiscal year reflect retrospective application. As a result, compared with the figures before retrospective application, operating loss and ordinary loss for the six months ended the second quarter of the previous fiscal year increased by ¥136.719 million and ¥61.258 million, respectively, while there was no impact on loss before income taxes for the quarter.」
The company applied retrospectively the reclassification of fixed costs, cooperation payments and other items, prompted by the increase in stores operating on a limited basis rather than remaining closed, and specifically disclosed the impact on operating loss and ordinary loss for the same period of the previous year. - FY2022-Q1First statedAnnual report
「Fixed costs incurred during the closure period of stores temporarily closed in response to requests from the government and local authorities, including labor costs, land and rent expenses, and depreciation, were previously recorded as extraordinary losses under “Losses attributable to COVID-19.” From the first quarter, they have been recorded as selling, general and administrative expenses. In addition, following this change, the “COVID-19 infection prevention cooperation payments” and “employment adjustment subsidies,” previously recorded as extraordinary gains, have been recorded as non-operating income from the first quarter.」
In response to the prolonged impact of the pandemic and the increase in stores operating on a limited basis, fixed costs incurred during closures were changed from extraordinary losses to selling, general and administrative expenses, while cooperation payments and subsidies were changed from extraordinary gains to non-operating income.