Change in the presentation of tenant leasing transactions as revenue and cost of sales
First written in FY2020-Q1. 3 of 5 entries say "Restated". Latest entry: FY2026-H1.
Maruzen CHI Holdings moved to the "Worse" side of this theme in 2025.
1 other company's latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「Tenant leasing transactions involving tenants of real estate owned by the company had previously been recorded as non-operating income under real estate rental income and as non-operating expenses under real estate rental expenses. From the six months ended 30 September, these transactions have been recorded in net sales and cost of sales. On 14 March 2024, the Group announced its Medium-Term Management Plan (fiscal year ending January 2025 to fiscal year ending January 2029). The plan identifies the effective use and monetization of company-owned real estate as a growth strategy for the Other segment. The change was made to present the substance of the business more appropriately, based on the aim of enhancing corporate value through the full-scale, systematic operation of the real estate-related business.」
The change in presentation of tenant leasing transactions was explained in relation to the medium-term management plan, which identifies the effective use and monetization of company-owned real estate as a growth strategy, broadening the positioning from a focus on the bookstore revenue model to the real estate-related business. - FY2021-Q1RestatedAnnual report
「Tenant leasing transactions involving the stores of the store and online sales business had previously been included in non-operating income as real estate rental income and in non-operating expenses as real estate rental expenses. From the first quarter, these transactions have been recorded in net sales and cost of sales.」
The change in presentation of tenant leasing transactions as net sales and cost of sales continues in the financial statements for the current quarter. - FY2020RestatedAnnual report
「Tenant leasing transactions involving the stores of the store and online sales business had previously been included in non-operating income as real estate rental income and in non-operating expenses as real estate rental expenses. From the fiscal year, these transactions have been recorded in net sales and cost of sales.」
The relationship between the change in presentation of tenant leasing transactions as net sales and cost of sales and the creation of a new bookstore revenue model continues in the full-year financial statements. - FY2020-Q3RestatedAnnual report
「Tenant leasing transactions involving the stores of the store and online sales business had previously been included in non-operating income as real estate rental income and in non-operating expenses as real estate rental expenses. From the first quarter, these transactions have been recorded in net sales and cost of sales.」
The relationship between the change in presentation of tenant leasing transactions as net sales and cost of sales and the creation of a new bookstore revenue model continues to be described in the current quarter. - FY2020-Q1First statedAnnual report
「Tenant leasing transactions involving the stores of the store and online sales business had previously been included in non-operating income as real estate rental income and in non-operating expenses as real estate rental expenses. From the three months ended 30 June, these transactions have been recorded in net sales and cost of sales.」
The presentation of the leasing transactions was changed because the company identified the creation of a new bookstore revenue model, including tenant income and synergies with the stores, as a key strategic theme.