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The Bank of Iwate (8345) · FactRestated

Change in Reportable Segments Following the Increase in the Quantitative Significance of the Leasing Business

First written in FY2019-Q1. 6 of 10 entries say "Restated". Latest entry: FY2021.

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ProgressHeldSoftenedWorseRestatedFY2019-Q1 – FY2019-Q3RestatedFY2020-Q2 – FY2020-Q3ReframedFY2020 – FY2021-Q1RestatedFY2021-Q2 – FY20212018: 220182019: 320192020: 420202021: 12021
Same theme, other companies
Establishment of Leasing as a Reporting Segment Due to Increased Quantitative MaterialityA theme 3 companies write about · 0 as a headwind · 1 as a tailwind

1 other company's latest entry also says "Restated".

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  1. FY2021RestatedAnnual report

    「As the credit card and credit guarantee businesses became quantitatively significant, from the current consolidated fiscal year the Group changed its reportable segments to banking, leasing, and credit cards and credit guarantees.」

    The Group continues to disclose 3 reportable segments: banking, leasing, and credit cards and credit guarantees.
  2. FY2021-Q2RestatedAnnual report

    「As the leasing business and the credit card and credit guarantee businesses became quantitatively significant, from the interim consolidated accounting period of the current fiscal year the Group changed its reportable segments to banking, leasing, and credit cards and credit guarantees.」

    The Group continues to disclose the 3 reportable segments introduced from the first quarter of the previous fiscal year.
  3. FY2021-Q1ReframedAnnual report

    「Because the Group had only banking as a reportable segment in the first quarter of the previous fiscal year, it omitted segment information. As the leasing business became quantitatively significant from the fourth quarter of the previous fiscal year and the credit card and credit guarantee businesses became quantitatively significant from the first quarter of the current fiscal year, the Group changed its reportable segments in the first quarter of the current fiscal year to banking, leasing, and credit cards and credit guarantees.」

    The reportable segments changed from the 2 segments of banking and leasing in the previous fiscal year to 3 segments with the addition of the quantitatively significant credit card and credit guarantee businesses.
  4. FY2020ReframedAnnual report

    「The Group's reportable segments consist of segments classified by financial service, with banking and leasing as its 2 reportable segments.」

    In quarterly disclosures, the Group reported banking alone because the quantitative significance of the leasing business had declined, but in its annual disclosure it again reported 2 segments, banking and leasing.
  5. FY2020-Q3RestatedAnnual report

    「From the first quarter, as the quantitative significance of the leasing business declined, the Group changed its reportable segments to banking alone and omitted segment information.」

    The Group continues to disclose banking as its sole reportable segment because the quantitative significance of the leasing business declined.
  6. FY2020-Q2RestatedAnnual report

    「From the interim consolidated accounting period of the current fiscal year, as the quantitative significance of the leasing business declined, the Group changed its reportable segments to banking alone and omitted segment information.」

    The Group continues to disclose banking as its sole reportable segment because the quantitative significance of the leasing business declined.
  7. FY2020-Q1ReframedAnnual report

    「From the first quarter of the current fiscal year, as the quantitative significance of the leasing business declined, the Group changed its reportable segments to banking alone and omitted segment information.」

    The reportable segments changed from the 2 segments of banking and leasing through the previous fiscal year to banking alone because the quantitative significance of the leasing business declined.
  8. FY2019-Q3RestatedAnnual report

    「Because the Group previously had only one reportable segment, banking, it omitted segment information. As the leasing business became quantitatively significant, from the first quarter of the current fiscal year the Group changed its reportable segments to banking and leasing.」

    The Group continues to disclose 2 reportable segments, banking and leasing, including the leasing business, whose quantitative significance has increased.
  9. FY2019-Q2RestatedAnnual report

    「Because the Group previously had only one reportable segment, banking, it omitted segment information. As the leasing business became quantitatively significant, from the interim consolidated accounting period of the current fiscal year the Group changed its reportable segments to banking and leasing.」

    The Group continues to disclose 2 reportable segments, banking and leasing. During the interim consolidated accounting period, the leasing business recorded operating revenue of ¥2,146 million and a segment loss of ¥243 million.
  10. FY2019-Q1First statedAnnual report

    「Because the Group previously had only one reportable segment, banking, it omitted segment information. As the leasing business became quantitatively significant, from the first quarter of the current fiscal year the Group changed its reportable segments to banking and leasing.」

    The reportable segments changed from banking alone to 2 segments with the addition of the quantitatively significant leasing business. The leasing segment recorded a loss of ¥266 million in the first quarter of the current fiscal year.
Moved together

"Deteriorating Operating Environment Due to Low Yields, Population Decline and Negative Interest Rates" moved the same way as this thread, in the same document, in 3 of its 10 moves.

3222★1234
  1. ★This thread
  2. 1Deteriorating Operating Environment Due to Low Yields, Population Decline and Negative Interest Rates3×
  3. 2Market Risk from Changes in Interest Rates, Prices and Foreign Exchange Rates2×
  4. 3Deterioration of Specific Regional Economies and the Impact of the Earthquake2×
  5. 4Impairment of Operating Branches and the Impact of Falling Land Prices and Declining Profitability2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Change in Reportable Segments Following the Increase in the Quantitative Significance of the Leasing Business | The Bank of Iwate,Ltd. (8345) | Komori