Changes in the presentation of real estate-related businesses following the establishment of the Real Estate Business Division
First written in FY2018-Q1. 2 of 3 entries say "Restated". Latest entry: FY2018-Q3.
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- FY2018-Q3RestatedAnnual report
「Previously, revenue from the real estate and other businesses, which engaged in real estate sales and leasing, was recorded as “Revenue from Side Businesses,” “Cost of Sales from Side Businesses” and “Gross Profit or Gross Loss from Side Businesses (△),” respectively. From the first quarter of the consolidated accounting period, the account names have been changed to “Revenue from Real Estate and Other Businesses,” “Cost of Sales from Real Estate and Other Businesses” and “Gross Profit or Gross Loss from Real Estate and Other Businesses (△),” respectively. This change was made to present the actual operating activities of the Group more appropriately, because real estate business revenue had accounted for the majority of side-business revenue and because the Company established the Real Estate Business Division to expand the scope of its real estate business.」
The additional information reiterates the change in account names following the establishment of the Real Estate Business Division from the first quarter. There has been no change in the policy of presenting the expansion of the real estate business in line with its actual operations. - FY2018-Q2RestatedAnnual report
「Previously, revenue from the real estate and other businesses, which engaged in real estate sales and leasing, was recorded as “Revenue from Side Businesses,” “Cost of Sales from Side Businesses” and “Gross Profit or Gross Loss from Side Businesses (△),” respectively. From the first quarter of the consolidated accounting period, the account names have been changed to “Revenue from Real Estate and Other Businesses,” “Cost of Sales from Real Estate and Other Businesses” and “Gross Profit or Gross Loss from Real Estate and Other Businesses (△),” respectively. This change was made to present the actual operating activities of the Group more appropriately, because real estate business revenue had accounted for the majority of side-business revenue and because the Company established the Real Estate Business Division to expand the scope of its real estate business.」
The additional information reiterates the change in account names following the establishment of the Real Estate Business Division from the first quarter. - FY2018-Q1First statedAnnual report
「Previously, revenue from the real estate and other businesses, which engaged in real estate sales and leasing, was recorded as “Revenue from Side Businesses,” “Cost of Sales from Side Businesses” and “Gross Profit or Gross Loss from Side Businesses (△),” respectively. From the current first quarter of the consolidated fiscal year, the account names have been changed to “Revenue from Real Estate and Other Businesses,” “Cost of Sales from Real Estate and Other Businesses” and “Gross Profit or Gross Loss from Real Estate and Other Businesses (△),” respectively. This change was made to present the actual operating activities of the Group more appropriately, because real estate business revenue had accounted for the majority of side-business revenue and because the Company established the Real Estate Business Division to expand the scope of its real estate business.」
The Company established the Real Estate Business Division to expand the scope of its real estate business and, accordingly, changed the account names for real estate-related revenue to reflect the actual business.