Reclassification of Overseas Subsidiaries’ Personnel Expenses as Selling, General and Administrative Expenses
First written in FY2024-Q1. 1 of 2 entries say "Restated". Latest entry: FY2024-Q3.
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- FY2024-Q3RestatedAnnual report
「From the first quarter of the consolidated fiscal year, expenses such as personnel expenses of overseas subsidiaries previously included in cost of sales have been presented as selling, general and administrative expenses in order to more appropriately present their economic substance in the quarterly consolidated financial statements.」
The reclassification of personnel expenses and other costs of overseas subsidiaries implemented from the first quarter continued to be applied in the third quarter, and the reclassified figures were used for comparative analysis. - FY2024-Q1First statedAnnual report
「From the cumulative first quarter of the consolidated fiscal year, expenses such as personnel expenses of overseas subsidiaries previously included in cost of sales have been presented as selling, general and administrative expenses in order to more appropriately present their economic substance in the quarterly consolidated financial statements.」
From the first quarter of the 25th fiscal year, personnel expenses and other costs of overseas subsidiaries were reclassified from cost of sales to selling, general and administrative expenses. Comparative figures also reflect the reclassification.