Change in the Allocation Method for Non-Deductible Consumption Tax, etc. Relating to Residential Properties Held for Sale
First written in FY2023-Q1. 3 of 4 entries say "Restated". Latest entry: FY2023.
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- FY2023RestatedAnnual report
「Because a significant amount of non-deductible consumption taxes and other taxes related to the acquisition of residential real estate held for sale was expected to arise and its materiality had increased, the Company changed its allocation method. It established and applied more detailed allocation criteria to appropriately reflect the actual conditions of each business and disclose more appropriate segment profit and loss information.」
The detailed allocation method for non-deductible consumption taxes and other taxes related to residential real estate held for sale continued to be applied, and the amount of its impact on segment profit and loss for the current fiscal year was disclosed. - FY2023-Q3RestatedAnnual report
「Because a significant amount of non-deductible consumption taxes and other taxes related to the acquisition of residential real estate held for sale was expected to arise and its materiality had increased, the Company changed its allocation method. It established and applied more detailed allocation criteria to appropriately reflect the actual conditions of each business and disclose more appropriate segment profit and loss information. As a result of this change, compared with the previous method, segment profit for the cumulative third quarter increased by ¥14,659 thousand in the Real Estate Leasing Business and ¥6,346 thousand in the Real Estate Management Business, while it decreased by ¥21,005 thousand in the Real Estate Sales Business.」
The detailed allocation method for non-deductible consumption taxes and other taxes related to residential real estate held for sale continued to be applied, and the amount of its impact on segment profit and loss for the cumulative third quarter was updated and disclosed. - FY2023-Q2RestatedAnnual report
「Because a significant amount of non-deductible consumption taxes and other taxes related to the acquisition of residential real estate held for sale was expected to arise and its materiality had increased, the Company changed its allocation method. It established and applied more detailed allocation criteria to appropriately reflect the actual conditions of each business and disclose more appropriate segment profit and loss information. As a result of this change, compared with the previous method, segment profit for the cumulative second quarter increased by ¥11,145 thousand in the Real Estate Management Business, while segment losses increased by ¥34,467 thousand in the Real Estate Sales Business and decreased by ¥23,321 thousand in the Real Estate Leasing Business.」
The detailed allocation method for non-deductible consumption taxes and other taxes related to residential real estate held for sale continued to be applied, and the amounts of its impact on profit and loss for each segment for the cumulative second quarter were updated and disclosed. - FY2023-Q1First statedAnnual report
「Because a significant amount of non-deductible consumption taxes and other taxes related to the acquisition of residential real estate held for sale was expected to arise and its materiality had increased, the Company changed its allocation method. It established and applied more detailed allocation criteria to appropriately reflect the actual conditions of each business and disclose more appropriate segment profit and loss information. As a result of this change, compared with the previous method, segment profit for the cumulative first quarter increased by ¥11,097 thousand in the Real Estate Management Business, while segment losses increased by ¥18,246 thousand in the Real Estate Sales Business and decreased by ¥25,081 thousand in the Real Estate Leasing Business.」
In response to the increased materiality of non-deductible consumption taxes and other taxes related to residential real estate held for sale, the Company established more detailed allocation criteria and changed its allocation method. The impact on segment profit and loss for the current quarter after the change was also disclosed.