Reclassification of revenue and expenses from real estate leasing transactions
First written in FY2022-Q2. 1 of 2 entries say "Restated". Latest entry: FY2022-Q3.
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- FY2022-Q3RestatedAnnual report
「Previously, revenue from the Group's real estate leasing transactions was recorded as revenue. During the current consolidated fiscal year, the Group purchased the portion of its head office building held by another party, prompting a review of the position of these transactions within the Group. As a result, from the first quarter of the current consolidated fiscal year, revenue from the Group's real estate leasing transactions has been recorded as rental income under non-operating income. Expenses corresponding to rental income had previously been recorded in cost of sales, but from the first quarter of the current consolidated fiscal year they have primarily been recorded as rental expenses under non-operating expenses.」
The change to record revenue and expenses from real estate leasing transactions as non-operating income and non-operating expenses, respectively, continues. - FY2022-Q2First statedAnnual report
「Previously, revenue from the Group's real estate leasing transactions was recorded as revenue. During the current consolidated fiscal year, the Group purchased the portion of its head office building held by another party, prompting a review of the position of these transactions within the Group. As a result, from the first quarter of the current consolidated fiscal year, revenue from the Group's real estate leasing transactions has been recorded as rental income under non-operating income. Expenses corresponding to rental income had previously been recorded in cost of sales, but from the first quarter of the current consolidated fiscal year they have primarily been recorded as rental expenses under non-operating expenses.」
Following the purchase of the portion of the head office building held by another party, the position of the real estate leasing transactions was reviewed, and revenue was changed from revenue to non-operating income, while the corresponding expenses were changed from cost of sales to non-operating expenses.