Change to consolidated presentation of business revenue
First written in FY2024-Q1. 1 of 2 entries say "Restated". Latest entry: FY2024-Q2.
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- FY2024-Q2RestatedAnnual report
「Business revenue in the quarterly consolidated income statement had previously been presented separately as “Consumer finance revenue” and “Other business revenue,” consisting mainly of revenue from subsidiaries. From the first-quarter consolidated cumulative period, only “Business revenue” has been presented.」
The company continues to present revenues from the consumer credit business and other businesses together as business revenues, without separating them. - FY2024-Q1First statedAnnual report
「Business revenue in the quarterly consolidated income statement had previously been presented separately as “Consumer finance revenue” and “Other business revenue,” consisting mainly of revenue from subsidiaries. From the first-quarter consolidated cumulative period, only “Business revenue” has been presented. This change was made because, as we pursue an evolutionary departure from the conventional consumer finance model, the proportion of subsidiary revenue in the consolidated income statement has increased with the strengthening of consolidated management, as has the subsidiary revenue that should be presented within “Consumer finance revenue.” We determined that presenting the amount as “Business revenue” from the first-quarter consolidated cumulative period would provide useful information to users of the financial statements, including from the perspective of comparability with other companies in the same industry.」
The separate presentation of consumer finance revenue and other business revenue was discontinued, and the presentation was changed to a single line item, business revenue, due to the increase in subsidiary revenue and the need for comparability.