Change to Recording Real Estate Rental Income as Net Sales
First written in FY2018-Q1. 1 of 3 entries say "Achieved", first in FY2018. Latest entry: FY2023.
16 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Due to the increase in leased real estate properties, the Company has changed its method of recording rental income and other income as revenue and the cost of rental income as cost of sales.」
The Company continues to present real estate rental income as revenue and the related costs as cost of sales. - FY2018AchievedAnnual report
「The Company had previously recorded rental income and other income related to real estate leasing as non-operating income and the cost of rental income as non-operating expenses, respectively. Due to the increase in leased real estate properties, from the current consolidated fiscal year the Company changed its method of recording rental income and other income as revenue and the cost of rental income as cost of sales, and has reclassified the consolidated financial statements for the previous consolidated fiscal year.」
The change in presentation resulting from the increase in leased real estate properties has been applied to the full-year consolidated financial statements, and the previous-year figures have also been reclassified. - FY2018-Q1First statedAnnual report
「The Company had previously recorded rental income and other income related to real estate leasing as non-operating income and the cost of rental income as non-operating expenses, respectively. Due to the increase in leased real estate properties, from the first quarter of the current consolidated fiscal year the Company changed its method of recording rental income and other income as revenue and the cost of rental income as cost of sales. To reflect this change in presentation, the Company has reclassified the quarterly financial statements for the cumulative first quarter of the previous consolidated fiscal year.」
Against the backdrop of an increase in leased real estate properties, the classification of rental income and the cost of rental income has been changed from non-operating income and expenses to revenue and cost of sales.