Change in presentation of cancellation-related gains and losses as selling, general and administrative expenses
First written in FY2019-Q3. 1 of 3 entries say "Achieved", first in FY2019. Latest entry: FY2020-Q2.
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- FY2020-Q2RestatedAnnual report
「Since the previous fiscal year, cancellation-related income previously presented as penalty income under non-operating income and cancellation-related losses previously included under other expenses in non-operating expenses have been offset, with the net amount included in selling, general and administrative expenses.」
The accounting policy of presenting cancellation-related gains and losses in selling, general and administrative expenses rather than non-operating income and expenses continues to be applied. - FY2019AchievedAnnual report
「From the current fiscal year, cancellation-related income previously presented as penalty income under non-operating income and cancellation-related losses previously included under other expenses in non-operating expenses have been offset, with the net amount included in selling, general and administrative expenses.」
The change in presentation of cancellation-related gains and losses from non-operating income and expenses to selling, general and administrative expenses was applied to the full-year results. - FY2019-Q3First statedAnnual report
「From the third quarter of the current fiscal year, cancellation-related income previously presented as penalty income under non-operating income and cancellation-related losses previously presented under other expenses in non-operating expenses have been offset, with the net amount recorded under selling, general and administrative expenses.」
As cancellations have increased with the rise in contract bookings and may arise in the ordinary course of business, the presentation of cancellation-related gains and losses was changed from non-operating income and expenses to selling, general and administrative expenses.