Changes to the income statement and segment reporting, primarily concerning investment gains and losses
First written in FY2021-Q1. 2 of 4 entries say "Reframed", first in FY2023-Q1. Latest entry: FY2023-Q3.
SoftBank Group Corp. moved to the "Worse" side of this theme in 2022.
The whole theme swung hardest in 2023: 2 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2023-Q3ReframedAnnual report
「As PayPay became a subsidiary of SoftBank Corp. and Z Holdings Corporation in October 2022, its segment was changed from “Other” to “SoftBank” from the third quarter under review.」
While the presentation framework centred on investment gains and losses was maintained, segment presentation was changed following the consolidation of PayPay into the SoftBank business, incorporating the payments and financial services businesses. - FY2023-Q1ReframedAnnual report
「Following the integration of the Latin America Fund business into the SoftBank Vision Fund business, investment gains and losses from the LatAm Fund, previously presented as investment gains and losses from the Latin America Fund business, have been included in investment gains and losses from the SVF business from the 3 months ended 30 June 2022.」
The framework for presenting results centred on investment performance was integrated into the SVF business following the change in the LatAm Fund's operating entity, and the presentation of related investment gains and losses, non-controlling interests and cash flows was also restructured. - FY2021-Q2RestatedAnnual report
「From the 3 months ended 30 June 2020, the consolidated income statement no longer presents operating income. In conjunction with this change, investment gains and losses were presented in the consolidated income statement from the 3 months ended 30 June 2020 to clearly show the results of investments in consolidated performance.」
The disclosure policy of presenting investment gains and losses instead of operating income to clearly show the investment performance of the strategic investment holding company continued to apply in the second quarter. - FY2021-Q1First statedAnnual report
「From the 3 months ended 30 June 2020, the consolidated income statement no longer presents operating income. In conjunction with this change, investment gains and losses were presented in the consolidated income statement from the 3 months ended 30 June 2020 to clearly show the results of investments in consolidated performance.」
As investment activities became increasingly important, the company introduced an accounting and disclosure policy that eliminated the presentation of operating income and newly presented investment gains and losses, including gains and losses on investment sales, unrealised valuation gains and losses, dividends and investment-related derivatives.