Adoption of the Revenue Recognition Standard and Change in the Timing of Brokerage Fee Recognition
First written in FY2022-Q1. 6 of 7 entries say "Restated". Latest entry: FY2026.
7 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「This performance obligation is satisfied at a point in time when the property related to the real estate purchase and sale agreement concluded through brokerage is delivered, and revenue is recognized at that time.」
The revenue recognition standard continues to be applied, with brokerage fees recognized when the property is delivered. - FY2024RestatedAnnual report
「This performance obligation is satisfied at a point in time when the property related to the real estate purchase and sale agreement concluded through brokerage is delivered, and revenue is recognized at that time.」
The revenue recognition standard continues to be applied, with brokerage fees recognized when the property is delivered. - FY2023RestatedAnnual report
「This performance obligation is satisfied at a point in time when the property related to the real estate purchase and sale agreement concluded through brokerage is delivered, and revenue is recognized at that time.」
The revenue recognition standard continues to be applied, with brokerage fees recognized on property delivery. - FY2022RestatedAnnual report
「For real estate brokerage fees previously recognized when the mediated real estate purchase and sale agreement was concluded, we now recognize revenue when the property related to the real estate sale agreement concluded through the brokerage contract is delivered.」
The revenue recognition standard continues to be applied, with brokerage fees recognized on property delivery. Compared with the previous standard, annual net sales, operating profit and other items increased by ¥1,210 thousand. - FY2022-Q3RestatedAnnual report
「Accordingly, for real estate brokerage fees previously recognized when the mediated real estate purchase and sale agreement was concluded, we now recognize revenue when the property related to the real estate sale agreement concluded through the brokerage contract is delivered.」
The adoption of the revenue recognition standard and policy of recognizing brokerage fees on property delivery continue. Compared with the previous standard, cumulative third-quarter net sales, operating profit and ordinary profit each decreased by ¥263 thousand. - FY2022-Q2RestatedAnnual report
「For real estate brokerage fees previously recognized when the mediated real estate purchase and sale agreement was concluded, we now recognize revenue when the property related to the real estate sale agreement concluded through the brokerage contract is delivered.」
The adoption of the revenue recognition standard and policy of recognizing brokerage fees on property delivery continue. - FY2022-Q1First statedAnnual report
「For real estate brokerage fees previously recognized when the mediated real estate purchase and sale agreement was concluded, we now recognize revenue when the property related to the real estate sale agreement concluded through the brokerage contract is delivered.」
The revenue recognition standard was adopted on 1 August 2021, changing recognition of brokerage fees from contract conclusion to property delivery. Compared with the previous standard, quarterly net sales, operating profit and ordinary profit each decreased by ¥996 thousand.