Change in presentation of proceeds from the sale of scrap by an overseas manufacturing subsidiary as a deduction from cost of sales
First written in FY2018-Q1. 2 of 3 entries say "Restated". Latest entry: FY2018.
1 other company's latest entry also says "Restated".
- FY2018RestatedAnnual report
「Sales of production scrap generated by overseas manufacturing subsidiaries in the Stationery and Office Supplies Business were previously presented, as a practical expedient due to their immateriality, as gains on sales of scrap under non-operating income. As their materiality increased, from the current consolidated fiscal year they have been treated in accordance with the general method as a deduction from manufacturing costs.」
The change in presentation of production scrap sales from non-operating income to a deduction from manufacturing costs has continued throughout the fiscal year. - FY2018-Q3RestatedAnnual report
「Sales of production scrap generated by overseas manufacturing subsidiaries in the Stationery and Office Supplies Business were previously presented, as a practical expedient due to their immateriality, as gains on sales of scrap under non-operating income. As their materiality increased, from the first quarter they have been treated in accordance with the general method as a deduction from manufacturing costs.」
The change in presentation of production scrap sales was restated in the additional information and segment information. ¥45.633 million for the cumulative third quarter of the previous fiscal year was reclassified as a deduction from cost of sales. - FY2018-Q1First statedAnnual report
「Sales of production scrap generated by overseas manufacturing subsidiaries in the Stationery and Office Supplies Business were previously presented, as a practical expedient due to their immateriality, as gains on sales of scrap under non-operating income. As their materiality increased, from the first quarter of the current consolidated fiscal year they have been treated in accordance with the general method as a deduction from manufacturing costs.」
Following the increased materiality of production scrap sales, the presentation was changed from non-operating income beginning in the first quarter, with the proceeds presented as a deduction from manufacturing costs. The ¥13.659 million reported in the first quarter of the previous fiscal year was also reclassified.