OLY Business Classified as a Separate Reportable Segment and Closet Rental Business Included in the Real Estate Business
First written in FY2024-Q1. 1 of 2 entries say "Restated". Latest entry: FY2024-Q3.
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- FY2024-Q3RestatedAnnual report
「From the beginning of the first quarter of the consolidated accounting period, the OLY leasing business, previously included in Real Estate Business and Other, was changed to a separate segment, OLY Business, because its quantitative materiality had increased. The closet rental business, previously reported under Other, was incorporated into the Real Estate Business because its monetary impact was immaterial.」
The company continues to apply the changes making the OLY business a separate segment and incorporating the closet rental business into the real estate business, and discloses cumulative third-quarter results under the 4 segments following the changes. - FY2024-Q1First statedAnnual report
「From the beginning of the first quarter of the current consolidated accounting period, the OLY leasing business, previously included in Real Estate Business and Other, was changed to a separate segment, OLY Business, because its quantitative materiality had increased. The closet rental business, previously reported under Other, was incorporated into the Real Estate Business because its monetary impact was immaterial. Accordingly, the reporting segments were changed from the previous 3 categories, Construction Business, Real Estate Business and Other, and Communications-Related Business, to 4 categories: Construction Business, Real Estate Business, OLY Business and Communications-Related Business.」
The company made the OLY leasing business a separate segment because of its increased quantitative materiality and incorporated the closet rental business into the real estate business, applying the reporting-segment changes from the beginning of the first quarter of the current consolidated accounting period.