June 6, 2022
Company Name: Sanrio Company, Ltd.
President and Chief Executive Officer: Tomokuni Tsuji
Securities Code: 8136, TSE Prime Market Section
Inquiries: Jiro Kishimura, Managing Director
Tel.: +81-3-3779-8058
(Revision)
Partial amendment of Summary of Financial Results for the Fiscal Year Ended March 31, 2022
(FY2021) [Japanese GAAP]
Sanrio Company, Ltd. announced that there have been revisions to the Summary of Financial Results for the Fiscal Year Ended March 31, 2022 (FY2021) [Japanese GAAP], released on May 13, 2022. The revisions are as follows. The revised summary of financial results has been attached in its entirety with revisions underlined.
1. Reasons for Revisions
Regarding the Summary of Financial Results for the Fiscal Year Ended March 31, 2022 (FY2021) [Japanese GAAP], the Company has corrected an error in "3. Consolidated Financial Statements and Main Notes (5) Notes to Consolidated Financial Statements (Segment Information, etc.)".
2. Revisions
Segment and Other Information
Segment Information
3. Information related to sales, profit or loss, assets, liabilities and other items for each reportable segment FY2020 (Apr. 1, 2021 - Mar. 31, 2022)
FY2021 (Apr. 1, 2021 - Mar. 31, 2022) | (Millions of yen) | ||||||||||||||||
Reportable segment | Amounts shown on | ||||||||||||||||
Adjustment | consolidated | ||||||||||||||||
North | Latin | ||||||||||||||||
Japan | Europe | Asia | Total | (Note 1) | financial statements | ||||||||||||
America | America | ||||||||||||||||
(Note 2) | |||||||||||||||||
Sales | |||||||||||||||||
Customers | 40,183 | 1,693 | 3,574 | 360 | 6,952 | 52,763 | - | 52,763 | |||||||||
(Royalty income) | ( | 9,329) | ( | 1,680) | ( | 2,063) | ( | 355) | ( | 6,287) | ( | 19,715) | ( | -) | ( | 19,715) | |
Inter-segment | 5,154 | 17 | 37 | 8 | 904 | 6,121 | (6,121) | - | |||||||||
(Royalty income) | ( | 4,823) | ( | 4) | ( | -) | ( | -) | ( | 0) | ( | 4,828) | ( | (4,828)) | ( | -) | |
Total | 45,337 | 1,711 | 3,611 | 368 | 7,856 | 58,885 | (6,121) | 52,763 | |||||||||
Segment profit (loss) | 2,206 | (113) | (442) | 34 | 2,106 | 3,790 | (1,253) | 2,537 | |||||||||
Segment assets | 56,713 | 7,389 | 1,399 | 1,528 | 17,943 | 84,974 | (1,165) | 83,809 | |||||||||
Other items | |||||||||||||||||
Depreciation | 1,198 | 246 | 28 | 7 | 212 | 1,694 | 5 | 1,699 | |||||||||
Increase in tangible | |||||||||||||||||
and intangible | 835 | 41 | 2 | 2 | 86 | 967 | - | 967 | |||||||||
fixed assets |
Notes: 1. Adjustments are as follows.
- The minus 1,253 million yen adjustment to segment profit (loss) is the sum of eliminations for inter-segment transactions and unallocated operating expenses that are mostly general and administrative expenses that cannot be assigned to any particular segment.
- The minus 1,165 million yenadjustment to segment assets is the sum of eliminations for inter-segment transactions and corporate assets which belong to administration department of the Company.
- The 5 million yen adjustment to depreciation is the depreciation related to corporate assets.
- Segment profit is adjusted to be consistent with operating profit shown on the consolidated income statements.
- Depreciation includes amortization of long-term prepaid expenses.
- Information related to revisions for reportable segments
The Company has applied the Accounting Standard for Revenue Recognition from the beginning of FY2021 and changed the accounting method for revenue recognition, and therefore, the measurement method for profit or loss in the business segment has been changed as well.
The effect of this change was to decrease sales by 446 million yen and to decrease profit by 29 million yen in the "Japan" segment for FY2021.
FY2021 (Apr. 1, 2021 - Mar. 31, 2022) | (Millions of yen) | ||||||||||||||||
Reportable segment | Amounts shown on | ||||||||||||||||
Adjustment | consolidated | ||||||||||||||||
North | Latin | ||||||||||||||||
Japan | Europe | Asia | Total | (Note 1) | financial statements | ||||||||||||
America | America | ||||||||||||||||
(Note 2) | |||||||||||||||||
Sales | |||||||||||||||||
Customers | 40,183 | 1,693 | 3,574 | 360 | 6,952 | 52,763 | - | 52,763 | |||||||||
(Royalty income) | ( | 9,329) | ( | 1,680) | ( | 2,063) | ( | 355) | ( | 6,287) | ( | 19,715) | ( | -) | ( | 19,715) | |
Inter-segment | 5,154 | 17 | 37 | 8 | 904 | 6,121 | (6,121) | - | |||||||||
(Royalty income) | ( | 4,823) | ( | 4) | ( | -) | ( | -) | ( | 0) | ( | 4,828) | ( | (4,828)) | ( | -) | |
Total | 45,337 | 1,711 | 3,611 | 368 | 7,856 | 58,885 | (6,121) | 52,763 | |||||||||
Segment profit (loss) | 2,206 | (113) | (442) | 34 | 2,106 | 3,790 | (1,253) | 2,537 | |||||||||
Segment assets | 50,900 | 7,666 | 6,101 | 1,528 | 18,746 | 84,943 | (1,134) | 83,809 | |||||||||
Other items | |||||||||||||||||
Depreciation | 1,198 | 246 | 28 | 7 | 212 | 1,694 | 5 | 1,699 | |||||||||
Increase in tangible | |||||||||||||||||
and intangible | 835 | 41 | 2 | 2 | 86 | 967 | - | 967 | |||||||||
fixed assets |
Notes: 1. Adjustments are as follows.
- The minus 1,253 million yen adjustment to segment profit (loss) is the sum of eliminations for inter-segment transactions and unallocated operating expenses that are mostly general and administrative expenses that cannot be assigned to any particular segment.
- The minus 1,134 million yenadjustment to segment assets is the sum of eliminations for inter-segment transactions and corporate assets which belong to administration department of the Company.
- The 5 million yen adjustment to depreciation is the depreciation related to corporate assets.
- Segment profit is adjusted to be consistent with operating profit shown on the consolidated income statements.
- Depreciation includes amortization of long-term prepaid expenses.
- Information related to revisions for reportable segments
The Company has applied the Accounting Standard for Revenue Recognition from the beginning of FY2021 and changed the accounting method for revenue recognition, and therefore, the measurement method for profit or loss in the business segment has been changed as well.
The effect of this change was to decrease sales by 446 million yen and to decrease profit by 29 million yen in the "Japan" segment for FY2021.