Termination of the comprehensive payment trust arrangement and change in payment method to electronically recorded obligations
First written in FY2016-Q2. 2 of 3 entries say "Restated". Latest entry: FY2016.
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- FY2016RestatedAnnual report
「During the fiscal year, the Company terminated transactions using a comprehensive payment trust arrangement for trade payables. As a result, trust beneficiary rights under current assets on the balance sheet decreased by ¥1,644.603 million. In addition, from the fiscal year, the Company changed the payment method for some trade payables. As a result, electronic recorded monetary claims under current liabilities on the balance sheet increased by ¥3,515.417 million.」
The Company also disclosed the termination of the comprehensive payment trust arrangement and the change in the payment method to electronic recorded monetary claims in its full-year results. - FY2016-Q3RestatedAnnual report
「During the second quarter consolidated accounting period, the Company terminated transactions using a comprehensive payment trust arrangement for trade payables. As a result, trust beneficiary rights under current assets on the quarterly consolidated balance sheet decreased by ¥1,644.603 million. In addition, from the second quarter consolidated accounting period, the Company changed the payment method for some trade payables. As a result, electronic recorded monetary claims under current liabilities on the quarterly consolidated balance sheet increased by ¥3,733.690 million.」
The Company continues to disclose the termination of the comprehensive payment trust arrangement and the change in the payment method to electronic recorded monetary claims. - FY2016-Q2First statedAnnual report
「During the second quarter consolidated accounting period, the Company terminated transactions using a comprehensive payment trust arrangement for trade payables. In addition, from the second quarter consolidated accounting period, the Company changed the payment method for some trade payables.」
The Company changed its payment method, reducing trust beneficiary rights by ¥1,644.603 million and recording electronic recorded monetary claims of ¥3,902.354 million.