Reclassification of Rental Real Estate as Real Estate Held for Sale Following a Change in Holding Purpose
First written in FY2022. 3 of 4 entries say "Restated". Latest entry: FY2024.
2 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「During the current consolidated fiscal year, ¥1,131.393 million recognized as property, plant and equipment was reclassified to "real estate for sale" under current assets due to a change in the intended holding purpose.」
The company reconfirmed the reclassification from investment property to real estate for sale and the associated change in the presentation of rental income. - FY2023-Q2RestatedAnnual report
「During the previous fiscal year, property, plant and equipment (one building, ¥1,131.393 million) was reclassified to "real estate for sale" under current assets due to a change in the intended holding purpose. As a result, the related rental income was reclassified from this segment to non-operating income, reducing revenue and segment profit.」
The company reconfirmed that the reclassification of ¥1,131.393 million from investment property to real estate for sale during the previous fiscal year changed the presentation of rental income and reduced revenue and segment profit in the property management business. - FY2023-Q1RestatedAnnual report
「During the previous fiscal year, property, plant and equipment (one building, ¥1,131.393 million) was reclassified to "real estate for sale" under current assets due to a change in the intended holding purpose. As a result, the related rental income was reclassified from this segment to non-operating income, reducing revenue and segment profit.」
The company reconfirmed that the reclassification of ¥1,131.393 million from investment property to real estate for sale during the previous fiscal year changed the presentation of rental income and reduced revenue and segment profit in the property management business. - FY2022First statedAnnual report
「During the current consolidated fiscal year, ¥1,131.393 million recognized as property, plant and equipment was reclassified to "real estate for sale" under current assets due to a change in the intended holding purpose.」
¥1,131.393 million recognized as property, plant and equipment was reclassified to real estate for sale due to a change in the intended holding purpose.