Sale of Structured Loan Receivables
First written in FY2021-Q1. 1 of 3 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2021-Q3.
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- FY2021-Q3RestatedAnnual report
「Consolidated ordinary income decreased by ¥2,281 million year on year to ¥85,291 million. Although other operating income increased, primarily due to the recognition of gains on sales of loans, interest and other income decreased, mainly because interest received on interest rate swaps declined.」
The recognition of gains on sales of loans related to the sale of structured loan receivables continues to be cited as a factor contributing to the increase in other operating income for the cumulative third quarter. - FY2021-Q2AdvancedAnnual report
「Consolidated ordinary income decreased by ¥519 million year on year to ¥57,842 million. Although other operating income increased, primarily due to the recognition of gains on sales of loans, interest and other income decreased, mainly because interest received on interest rate swaps declined.」
The company stated that gains on sales of loans were recognized during the current interim period in connection with the sale of structured loan receivables described in the previous quarterly report. - FY2021-Q1First statedAnnual report
「On 29 July 2020, we sold a portion of the structured loan receivables we held.」
On 29 July 2020, after the end of the quarter, the company sold a portion of its structured loan receivables, reporting a sale price of US$75 million, a carrying amount of US$60 million and a gain on sale of US$15 million. It plans to recognize approximately ¥1.6 billion in gains on sales of loans in the second quarter of the fiscal year ending March 2021.