Performance Fluctuations Due to the Sell-Out Timing of “Trust Partners”
First written in FY2017. 4 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 11 of 27 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group recognizes revenue from “Trust Partners” when contracts have been signed for approximately 95% or more of the total sales value, based on the “Practical Guidelines on Accounting Treatment for Transferors in Real Estate Securitization Using Special Purpose Companies” (Transfer Guidance No. 10, 1 July 2024) issued by the Accounting Standards Board of Japan.」
The disclosure continues to identify the standard for recognizing revenue when contracts cover approximately 95% or more of the total sales value and the risk of fluctuations in quarterly operating performance due to the timing of the sell-out. - FY2024RestatedAnnual report
「The Group recognizes revenue from “Trust Partners” when contracts have been signed for approximately 95% or more of the total sales value, based on the “Practical Guidelines on Accounting Treatment for Transferors in Real Estate Securitization Using Special Purpose Companies” (Accounting System Committee Report No. 15, 4 November 2014) issued by the Japanese Institute of Certified Public Accountants.」
The disclosure continues to identify the standard for recognizing revenue when contracts reach 95% or more and the risk of fluctuations in quarterly operating performance due to the timing of the sell-out. - FY2023RestatedAnnual report
「Revenue is recognized when contracts have been signed for approximately 95% or more of the total sales value. Accordingly, quarterly operating performance may fluctuate significantly because revenue and profit vary depending on the timing of the sell-out, meaning the timing at which contracts reach 95% or more.」
The disclosure continues to identify the risk of fluctuations in quarterly operating performance due to recognizing revenue when contracts reach 95% or more and the timing of the sell-out. - FY2018RestatedAnnual report
「Revenue is recognized when contracts have been signed for approximately 95% or more of the total sales value. Accordingly, quarterly operating performance may fluctuate significantly because revenue and profit vary depending on the timing of the sell-out, meaning the timing at which contracts reach 95% or more.」
The disclosure continues to describe the accounting policy of recognizing revenue when contracts reach 95% or more and the risk of fluctuations in operating performance due to the timing of the sell-out. - FY2017First statedAnnual report
「The Group recognizes revenue from “Trust Partners” when contracts have been signed for approximately 95% or more of the total sales value. Accordingly, quarterly operating performance may fluctuate significantly because revenue and profit vary depending on the timing of the sell-out, meaning the timing at which contracts reach 95% or more.」
The disclosure describes the possibility that the timing of the sell-out may cause fluctuations in quarterly operating performance because revenue is recognized when contracts reach 95% or more.