Change in the method of recognizing revenue from rental housing contract renewal fees and other sources
First written in FY2026-H1. 1 of 2 entries say "Restated". Latest entry: 2026-08-10.
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- 2026-08-10RestatedEarnings
「Previously, revenue from contract renewal fees and renewal administration fees for rental housing was recognized when the renewal fee had been collected and the renewal memorandum had been obtained from the tenant and delivered to the property manager. From the nine-month period of the current third quarter consolidated accounting period, the Company changed to a method of recognizing revenue when the renewed contract under the agreement commenced.」
The company specifically describes a change in the revenue recognition method for contract renewals as an accounting policy for the nine-month period of the third quarter. The impact was minor and the change was not applied retrospectively. - FY2026-H1First statedAnnual report
「Revenue from rental housing lease renewal fees and renewal administrative fees was previously recognized once the renewal fee had been collected and a renewal memorandum had been obtained from the tenant and delivered to the property manager. From the current interim consolidated accounting period, the Company changed to recognizing revenue when the renewal contract under the lease agreement commences.」
Changed the timing of revenue recognition for lease renewals from a method requiring collection of the renewal fee and other conditions to a method recognizing revenue when the renewed lease agreement commences. The impact was immaterial, and the change was not applied retrospectively.