Change to net presentation of guarantee service revenue
First written in FY2019-Q2. 2 of 3 entries say "Restated". Latest entry: FY2019.
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- FY2019RestatedAnnual report
「As a result of this contract amendment, operating revenue for the fiscal year is presented after deducting ¥447.617 million, which would have been classified as operating costs under the terms prior to the amendment.」
The company continues to present guarantee fee income and costs on a net basis following the change in the guarantee service contract terms, and discloses ¥447.617 million as the deduction from full-year operating revenue. - FY2019-Q3RestatedAnnual report
「As a result of this contractual change, operating revenue for the nine months ended 31 December of the current consolidated fiscal year is presented after deducting ¥241 million, which would have corresponded to operating costs under the terms in effect before the change.」
The net presentation of guarantee fee revenue and costs based on the change in the guarantee service contract terms continued, with the deduction for the nine months ended 31 December disclosed as ¥241 million. - FY2019-Q2First statedAnnual report
「For the guarantee services provided by our subsidiary 株式会社住宅アカデメイア, transactions on or after 1 April 2018 have been presented net, with guarantee fee revenue and guarantee fee costs offset against each other, replacing the former method of presenting them on a gross basis following a change in the contractual terms. As a result of this contractual change, operating revenue for the six months ended 30 September of the current consolidated fiscal year is presented after deducting ¥151 million, which would have corresponded to operating costs under the terms in effect before the change.」
Following a change in the guarantee service contract terms, transactions from 1 April 2018 onward were changed to a net presentation, with guarantee fee revenue and costs offset against each other. The change affected the reported amount of operating revenue by ¥151 million.