Appropriate Disclosure of Consolidated Financial Information Through Provisional Accounts Prepared by Consolidated Subsidiaries
First written in FY2017-Q2. 5 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Among the consolidated subsidiaries, Nikko Logistics (China) Co., Ltd., Nikko Chongqing Logistics Co., Ltd., NKP MEXICO, S.A. DE C.V. and NK LOGISTICA MEXICO, S.A. DE C.V. have a 31 December fiscal year-end. In preparing the consolidated financial statements, the Company uses financial statements for these companies based on provisional accounts prepared as of the consolidated closing date. NK NORTH AMERICA, INC., SUPREME AUTO TRANSPORT LLC and SUPREME EQUIPMENT COMPANY,LLC also have a 31 December fiscal year-end. In preparing the consolidated financial statements, the Company uses financial statements as of that date and makes the necessary consolidation adjustments for material transactions arising between that date and the consolidated closing date.」
In addition to its existing practice for subsidiaries in China and Mexico, the Company disclosed its method of making consolidation adjustments for differences in fiscal year-ends at NK North America and Supreme-affiliated companies. - FY2023Changes in Consolidated Subsidiary Fiscal Year-EndsAnnual report
「Nikko Kitakyushu Co., Ltd. had previously had a 28 February fiscal year-end, but to obtain management information that more accurately reflects actual conditions, the Company changed its fiscal year-end to 31 March beginning with the current consolidated fiscal year. Accordingly, the consolidated financial statements for Nikko Kitakyushu Co., Ltd. cover the period from 1 March 2022 to 31 March 2023.」
The Company changed Nikko Kitakyushu's fiscal year-end from 28 February to 31 March and consolidated its financial statements for the current consolidated fiscal year covering the period from 1 March 2022 to 31 March 2023. - FY2021RestatedAnnual report
「Among the consolidated subsidiaries, Nikko Logistics (China) Co., Ltd., Nikko Chongqing Logistics Co., Ltd., NKP MEXICO, S.A. DE C.V. and NK LOGISTICA MEXICO, S.A. DE C.V. have a 31 December fiscal year-end. In preparing the consolidated financial statements, the Company uses financial statements for these companies based on provisional accounts prepared as of the consolidated closing date.」
The Company continued using provisional accounts as of the consolidated closing date for subsidiaries in China and Mexico whose fiscal year-ends differ from the consolidated closing date. - FY2020-Q3RestatedAnnual report
「To provide more appropriate disclosure of consolidated financial information, beginning with the first quarter of the current fiscal year, the Company changed to a method of preparing provisional accounts at the consolidated closing date in accordance with the procedures for the annual financial closing. As a result of this change, the 12-month period from 1 January 2019 to 31 December 2019 was consolidated for the cumulative third quarter, with adjustments made through the quarterly consolidated statement of income.」
The Company continued preparing provisional accounts at the consolidated closing date for its Mexican subsidiaries, consolidating and adjusting the 12-month period from January to December 2019 for the cumulative third quarter. - FY2020-Q2RestatedAnnual report
「To provide more appropriate disclosure of consolidated financial information, beginning with the first quarter of the current fiscal year, the Company changed to a method of preparing provisional accounts at the consolidated closing date in accordance with the procedures for the annual financial closing. As a result of this change, the nine-month period from 1 January 2019 to 30 September 2019 was consolidated for the cumulative second quarter, with adjustments made through the quarterly consolidated statement of income.」
The Company continued preparing provisional accounts at the consolidated closing date for its Mexican subsidiaries, consolidating and adjusting nine months of income for the cumulative second quarter. - FY2020-Q1AdvancedAnnual report
「Previously, for NKP MEXICO, S.A. DE C.V. and NK LOGISTICA MEXICO, S.A. DE C.V., whose fiscal year-end was 31 December, the Company used financial statements as of that date and made the necessary consolidation adjustments for material transactions arising between that date and the consolidated closing date. To provide more appropriate disclosure of consolidated financial information, beginning with the first quarter of the current fiscal year, the Company changed to a method of preparing provisional accounts at the consolidated closing date in accordance with the procedures for the annual financial closing. As a result of this change, the six-month period from 1 January 2019 to 30 June 2019 was consolidated for the cumulative first quarter, with adjustments made through the quarterly consolidated statement of income.」
In addition to the existing practice for its Chinese subsidiaries, the Company changed to a practice of preparing provisional accounts at the consolidated closing date for its Mexican subsidiaries as well, expanding the practice to consolidate six months of income and provide more appropriate disclosure. - FY2018RestatedAnnual report
「Among the consolidated subsidiaries, Nikko Logistics (China) Co., Ltd. and Nikko Chongqing Logistics Co., Ltd. have a 31 December fiscal year-end. In preparing the consolidated financial statements, the Company uses financial statements for these companies based on provisional accounts prepared as of the consolidated closing date.」
The Company continued using provisional accounts as of the consolidated closing date for its Chinese subsidiaries in the full-year accounts and adjusted the consolidated financial information. - FY2017Updated the consolidation period to 15 monthsAnnual report
「To provide more appropriate disclosure of consolidated financial information, beginning with the current consolidated fiscal year, the Company changed to a method of preparing provisional accounts at the consolidated closing date in accordance with the procedures for the annual financial closing. As a result of this change, the 15-month period from 1 January 2016 to 31 March 2017 was consolidated for the current consolidated fiscal year, with adjustments made through the consolidated statement of income.」
The Company continued preparing provisional accounts at the consolidated closing date, consolidating the relevant subsidiaries for 15 months and adjusting income for the full fiscal year. - FY2017-Q3RestatedAnnual report
「As a result of this change, the 12-month period from 1 January 2016 to 31 December 2016 was consolidated for the cumulative third quarter, with adjustments made through the consolidated statement of income.」
The Company continued preparing provisional accounts at the consolidated closing date in accordance with the annual financial closing procedures, consolidating 12 months of results from the relevant subsidiaries for the cumulative third quarter and adjusting the financial information. - FY2017-Q2First statedAnnual report
「To provide more appropriate disclosure of consolidated financial information, beginning with the first quarter of the current fiscal year, the Company changed to a method of preparing provisional accounts at the consolidated closing date in accordance with the procedures for the annual financial closing. As a result of this change, the nine-month period from 1 January 2016 to 30 September 2016 was consolidated for the cumulative second quarter, with adjustments made through the consolidated statement of income.」
The Company changed to a method of preparing provisional accounts at the consolidated closing date in accordance with the annual financial closing procedures and began operating under this method to provide more appropriate disclosure of consolidated financial information.