Recognition of securities held for investment purposes as operating investment securities
First written in FY2020-Q1. 1 of 2 entries say "Restated". Latest entry: FY2020-Q3.
The whole theme swung hardest in 2023: 1 of 7 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「Investment-purpose securities are recorded as “operating investment securities” under current assets, and gains and losses related to these securities are recorded as “revenue” and “cost of sales” on the quarterly consolidated income statement.」
In connection with the investment business, investment-purpose securities continue to be recorded as operating investment securities, with related gains and losses presented as revenue and cost of sales. - FY2020-Q1First statedAnnual report
「Beginning in the first quarter of the current fiscal year, we established an investment business division to conduct investment activities systematically as a business. On the quarterly consolidated balance sheet, investment-purpose securities were recorded as current assets under “operating investment securities,” and on the quarterly consolidated income statement, gains and losses related to these securities were recorded as “revenue” and “cost of sales.”」
With the launch of the investment business, investment-purpose securities were reclassified from investment securities under fixed assets to operating investment securities under current assets, and the accounting treatment was introduced under which gains and losses from sales and other transactions are presented as revenue and cost of sales.