Capcom (9697) · PolicyAchieved
Change in presentation of variable profit-sharing bonuses as cost of sales
First written in FY2023-Q2. 1 of 2 entries say "Achieved", first in FY2023. Latest entry: FY2023.
2entries
2years
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Change in the presentation of variable profit-sharing bonuses as cost of salesA theme 1 companies write about · 0 as a headwind · 0 as a tailwind
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- FY2023AchievedAnnual report
「Variable profit-sharing bonuses had previously been accounted for as selling, general and administrative expenses, but from the beginning of the current fiscal year the Company changed their presentation classification to cost of sales.」
At the beginning of the fiscal year, the Company changed the presentation classification of variable profit-sharing bonuses in connection with the revision of its compensation system and presented the change retrospectively for the previous fiscal year. There was no impact on operating income. - FY2023-Q2First statedAnnual report
「Variable profit-sharing bonuses distributed according to the profit contribution of the development division had previously been accounted for as selling, general and administrative expenses. From the beginning of the first quarter of the current fiscal year, the Company changed their presentation classification to cost of sales.」
As part of a review of profit and loss management classifications accompanying the revision of the compensation system, the Company changed the presentation of variable profit-sharing bonuses from selling, general and administrative expenses to cost of sales. The change was also presented retrospectively for the six months ended the second quarter of the previous fiscal year and had no impact on operating income.