Mortgage Service Japan Limited (7192) · RiskRestated
Risk of Off-Balance-Sheet Treatment for Securitisation Transactions Involving Residential Mortgage Receivables
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2024.
2entries
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Risk of off-balance-sheet accounting for securitized housing loan receivablesA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2024RestatedAnnual report
「However, because this transaction is material in amount, an accounting error resulting in operating loans receivable or short-term borrowings that should be recognised on the balance sheet being treated off balance sheet could affect financial indicators such as return on total capital.」
The company continues to disclose the risk of off-balance-sheet treatment resulting from incorrect accounting judgments in securitisation transactions involving residential mortgage receivables. - FY2023First statedAnnual report
「However, because this transaction is material in amount, an accounting error resulting in operating loans receivable or short-term borrowings that should be recognised on the balance sheet being treated off balance sheet could affect financial indicators such as return on total capital.」
The company has for the first time explicitly identified the risk that, due to an incorrect accounting judgment in securitisation transactions involving residential mortgage receivables, operating loans receivable and short-term borrowings that should properly be recognised on the balance sheet could be treated off balance sheet.