“Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29) has been applied since the beginning of the year ending on December 2021 (the fisical year 2021). Accordingly, the new accounting policies have been applied to the results for the first quarter of FY2021.
Until FY2021, the Company and its consolidated subsidiaries whose fiscal year ends on March 31 are consolidated from April 1 to March 31 of the following year, and the consolidated subsidiaries whose fiscal year ends on December 31 are consolidated from January 1 to December 31.
Effective from the fiscal year ended December 31, 2021, the Company changed its accounting period in fiscal year 2021 from March 31 to December 31 as a result of the approval of "Partial Amendments to the Articles of Incorporation" at the 21st Ordinary General Meeting of Shareholders held on June 24th, 2021. As a transitional year for this change, the fiscal period ending December 31, 2021, is a 9month period for domestic companies and a 12months period overseas subsidiaries.
Due to the above reasons, Gross Sales (reference), Operating profit, Ordinary profit and Profit attributable to owners of parent for the fiscal year ended December 2021 (including Jan to March 2021) have been included as 12-months reference figures. But please note that these are not official audited figures.
From FY2022 onward, the period of consolidation for both the Company and all consolidated subsidiaries is from January 1 to December 31.
Gross sales (Reference)
Segment change from FY2022 were applied retroactively to but not to the fiscal years before FY2021, so gross sales for different segments are not shown before FY2021.