Standardization of the fiscal year-end of consolidated subsidiaries to the parent company's August year-end
First written in FY2018-Q3. 1 of 2 entries say "Achieved", first in FY2018. Latest entry: FY2018.
21 other companies' latest entry also says "Achieved".
- FY2018AchievedAnnual report
「From the current consolidated fiscal year, the fiscal year-end dates of consolidated subsidiaries 株式会社三和テスコ and 東洋精機産業株式会社 have changed from 30 June to 31 August, the company’s consolidated fiscal year-end.」
The change aligning the fiscal year-ends of 2 consolidated subsidiaries with the parent company’s end-August year-end was implemented, and 14 months of results are reflected in the consolidated results for the current fiscal year. - FY2018-Q3First statedAnnual report
「The change is being made to achieve more efficient consolidated business operations by aligning the fiscal year-end with that of the parent company, the company. As a result of this change, the fiscal year-end for the company and all consolidated subsidiaries will be the last day of August each year. Before the change: the last day of June each year; after the change: the last day of August each year; effective from: the fiscal year ending August 2018.」
The company plans to change the fiscal year-ends of 2 consolidated subsidiaries from the end of June to the end of August, aligning them with the parent company, to improve the efficiency of consolidated business operations.