Change in the Presentation of Real Estate Rental Income and Expenses, etc.
First written in FY2023-Q1. 1 of 2 entries say "Achieved", first in FY2023. Latest entry: FY2023.
0 other companies' latest entry also says "Achieved".
- FY2023AchievedAnnual report
「From the current consolidated fiscal year, real estate rental income is recorded as revenue and real estate rental expenses as cost of sales.」
The presentation classifications for real estate rental income and expenses were changed in the annual financial results, and comparative information for the previous fiscal year was reclassified. - FY2023-Q1First statedAnnual report
「Following a review of the management method prompted by the application of the accounting standards for revenue recognition and other standards, the Company changed the presentation method to more appropriately reflect the Group's actual circumstances. Previously, real estate rental income was recorded as both revenue and non-operating income, while real estate rental expenses were recorded as both selling, general and administrative expenses and non-operating expenses. From the current first-quarter consolidated accounting period, real estate rental income is recorded as revenue and real estate rental expenses as cost of sales.」
Following a review of the management method, the presentation classifications for real estate rental income and expenses were changed from the current first-quarter consolidated accounting period, and comparative information for the previous period was reclassified.