Komori
Kintetsu Department Store (8244) · FactRestated

Transportation and Real Estate Businesses Reported as Separate Segments

First written in FY2023-Q1. 3 of 5 entries say "Restated". Latest entry: FY2026.

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How it moved
ProgressHeldSoftenedWorseRestatedFY2023-Q3 – FY20262022: 220222023: 220232024: 020242025: 020252026: 12026
Same theme, other companies
Two-business structure of logistics and real estateA theme 10 companies write about · 0 as a headwind · 1 as a tailwind

7 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026RestatedAnnual report

    「Our group operates primarily in the department store business, and its reporting segments are “Department Stores,” “Wholesale and Retail,” “Interior Finishing,” “Real Estate” and “Other Businesses.”」

    The classification using 5 reporting segments, with the transportation operations included in Other Businesses and the real estate operations presented independently, continues to apply.
  2. FY2024-Q1RestatedAnnual report

    「In the previous first-quarter consolidated cumulative period, the segments were “Department Stores,” “Wholesale and Retail,” “Interior Finishing,” “Transportation,” “Real Estate” and “Other Businesses,” for a total of 6 segments. However, because the quantitative significance of the transportation operations declined from the previous second-quarter consolidated accounting period, they have been included in “Other Businesses.” Accordingly, the previous first-quarter consolidated cumulative period is presented and compared with the same period of the previous year using 5 segments: “Department Stores,” “Wholesale and Retail,” “Interior Finishing,” “Real Estate” and “Other Businesses.”」

    The transportation operations have been reintegrated into Other Businesses, and the classification using 5 segments, including Real Estate, for year-on-year comparisons continues to apply.
  3. FY2023-Q3RestatedAnnual report

    「During the current third-quarter consolidated cumulative period, we changed the presentation of the real estate operations, which had been included in “Other Businesses” in the previous consolidated fiscal year, to a reporting segment because their quantitative significance had increased. During the first-quarter consolidated cumulative period, we had presented the transportation operations, which had been included in “Other Businesses” in the previous consolidated fiscal year, as a reporting segment, but because their quantitative significance declined, we have included them in “Other Businesses” in the current third-quarter consolidated cumulative period.」

    The real estate operations will continue as an independent segment, while the classification under which the transportation operations are included in Other Businesses because of their reduced quantitative significance continues to apply.
  4. FY2023-Q2ReframedAnnual report

    「During the current second-quarter consolidated cumulative period, we changed the presentation of the real estate operations, which had been included in “Other Businesses” in the previous consolidated fiscal year, to a reporting segment because their quantitative significance had increased. During the first-quarter consolidated cumulative period, we had presented the transportation operations, which had been included in “Other Businesses” in the previous consolidated fiscal year, as a reporting segment, but because their quantitative significance declined, we have included them in “Other Businesses” in the current second-quarter consolidated cumulative period.」

    The real estate operations will continue as an independent reporting segment because of their increased quantitative significance, while the transportation operations have been reintegrated into Other Businesses because of their reduced quantitative significance, resulting in a revision to the segment classification.
  5. FY2023-Q1First statedAnnual report

    「From the current first-quarter consolidated accounting period, we changed the segment classification from the previous 4 segments, “Department Stores,” “Wholesale and Retail,” “Interior Finishing” and “Other Businesses,” to 6 segments: “Department Stores,” “Wholesale and Retail,” “Interior Finishing,” “Transportation,” “Real Estate” and “Other Businesses.”」

    As the quantitative significance of the transportation and real estate operations increased, we began disclosing them as independent reporting segments rather than as part of the previous 4 segments.
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