Appropriate Reflection of Segment Profit or Loss Through a Change in the Allocation Method for General and Administrative Expenses
First written in FY2021-Q2. 6 of 7 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2023.
8 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「As a result of this change, compared with the previous method, segment profit or loss (△) for the fiscal year decreased by ¥938 million for the dry bulk business and ¥772 million for the energy business, increased by ¥2,778 million for the containership business and ¥709 million for the car carrier, port, logistics, ferry and coastal RORO shipping business, decreased by ¥1,028 million for the real estate business, ¥1,352 million for the related businesses and ¥94 million for Other, and increased by ¥699 million for adjustments.」
The change in the general and administrative expense allocation method was applied on a year-to-date basis, and its impact on segment profit was disclosed. - FY2023-Q3AdvancedAnnual report
「As a result of this change, compared with the previous method, segment profit or loss (△) for the nine months ended the third quarter decreased by ¥735 million for the dry bulk business and ¥839 million for the energy business, increased by ¥2,267 million for the containership business and ¥765 million for the car carrier, port, logistics, ferry and coastal RORO shipping business, decreased by ¥778 million for the real estate business, ¥951 million for the related businesses and ¥54 million for Other, and increased by ¥325 million for adjustments.」
The impact by segment of the change in the general and administrative expense allocation method was specifically disclosed for the nine months ended the third quarter. - FY2023-Q2AdvancedAnnual report
「As a result of this change, compared with the previous method, segment profit or loss (△) for the six months ended the second quarter decreased by ¥1,392 million for the dry bulk business, and increased by ¥73 million for the energy business, ¥1,497 million for the containership business and ¥616 million for the car carrier, port, logistics, ferry and coastal RORO shipping business. It decreased by ¥485 million for the real estate business and ¥555 million for the related businesses, and increased by ¥16 million for Other and ¥230 million for adjustments.」
The impact by segment of the change in the general and administrative expense allocation method was specifically disclosed for the six months ended the second quarter. - FY2023-Q1AdvancedAnnual report
「To more appropriately reflect the results of each segment, the allocation method for certain expenses allocated to company-wide results was changed from the first quarter of the current consolidated fiscal year. Compared with the previous method, this change reduced segment profit or loss (△) for the six months ended the first quarter by ¥537 million for the dry bulk business and ¥106 million for the energy business, and increased it by ¥742 million for the containership business and ¥386 million for the car carrier, port, logistics, ferry and coastal RORO shipping business. It reduced segment profit or loss by ¥299 million for the real estate business and ¥272 million for the related businesses, and increased it by ¥22 million for Other and ¥64 million for adjustments.」
The general and administrative expense allocation method was changed from the current quarter, and the impact on each segment was specifically disclosed. - FY2021AdvancedAnnual report
「As a result of the increase in the amounts borne by each reportable segment, compared with the previous method, segment profit or loss (△) for the fiscal year decreased by ¥360 million for the dry bulk shipping business, ¥745 million for the energy transportation business, ¥204 million for the containership business, ¥262 million for the car carrier, ferry and coastal RORO shipping business, ¥201 million for the related businesses and ¥24 million for Other, while the adjustment amount increased by ¥1,798 million.」
The impact of the change in the general and administrative expense allocation method on each segment was specifically disclosed on a year-to-date basis. - FY2021-Q3AdvancedAnnual report
「To more appropriately reflect the results of each segment, we reviewed the expenses allocated to company-wide results and changed the allocation method from the first quarter of the current consolidated fiscal year. As a result, because the amounts borne by each reportable segment increased, compared with the previous method, segment profit or loss (△) for the nine months ended the third quarter decreased by ¥239 million for the dry bulk shipping business, ¥489 million for the energy transportation business, ¥143 million for the containership business, ¥192 million for the car carrier, ferry and coastal RORO shipping business, ¥146 million for the related businesses and ¥37 million for Other, while the adjustment amount increased by ¥1,249 million.」
The impact on each segment of the general and administrative expense allocation method changed from the first quarter was specifically disclosed for the nine months ended the third quarter. - FY2021-Q2First statedAnnual report
「To more appropriately reflect the results of each segment, we reviewed the expenses allocated to company-wide results and changed the allocation method from the first quarter of the current consolidated fiscal year.」
To more appropriately reflect the results of each reportable segment, the method of allocating general and administrative expenses to company-wide results was changed from the first quarter of fiscal 2020.