Goodwill Amortization and Higher Personnel Expenses Following the Acquisition of 日新運輸 as a Subsidiary
First written in FY2020-Q1. 2 of 3 entries say "Restated". Latest entry: FY2020-Q3.
1 other company's latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「SG&A expenses increased across individual categories due to goodwill amortization arising from making Nisshin Transport a subsidiary, increased headcount, and higher personnel costs resulting from the restructuring of the personnel system. However, we sought to generate profit by repeatedly considering ways to reduce costs as much as possible across the Group.」
Goodwill amortization associated with making Nisshin Transport a subsidiary, increased headcount, and higher personnel costs from restructuring the personnel system are driving higher SG&A expenses, while the Group continues to pursue profit generation through cost reductions across the Group. - FY2020-Q2RestatedAnnual report
「SG&A expenses increased across expense categories due to the amortization of goodwill arising from the conversion of Nisshin Transport into a subsidiary, an increase in headcount, higher personnel costs resulting from the restructuring of the personnel system, and other factors. At the same time, we sought to generate profits by repeatedly considering ways to reduce costs as much as possible across the Group.」
Goodwill amortization associated with making Nisshin Transport a subsidiary, higher personnel costs from increased headcount, and the restructuring of the personnel system continue to drive higher SG&A expenses. - FY2020-Q1First statedAnnual report
「SG&A expenses increased across expense categories due to the amortization of goodwill arising from the conversion of Nisshin Transport into a subsidiary, an increase in headcount, higher personnel costs resulting from the restructuring of the personnel system, and other factors.」
Following 日新運輸 becoming a subsidiary, higher selling, general and administrative expenses were identified for the first time as being driven by goodwill amortization, an increase in personnel, and higher personnel costs resulting from the restructuring of the personnel system.