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Orient (8585) · PolicyFirst stated

Change to deducting sales rebates from installment finance revenue

First written in FY2022-Q1. . Latest entry: FY2022-Q1.

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Change in the presentation of sales rebates as a deduction from consumer credit revenueA theme 1 companies write about · 0 as a headwind · 0 as a tailwind

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  1. FY2022-Q1First statedAnnual report

    「Sales rebates at certain consolidated subsidiaries had previously been presented as selling, general and administrative expenses. From the first quarter of the current consolidated fiscal year, the Company changed the presentation method to deduct them from consumer credit business revenue.」

    As sales rebates became more significant with the increase in transaction volume, their presentation was changed from selling, general and administrative expenses to a deduction from consumer credit business revenue.
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Change to deducting sales rebates from installment finance revenue | Orient Corporation (8585) | Komori