Gross Presentation of the Pure Gold and Platinum Savings Plan (Turtle Plan)
First written in FY2022-Q2. 1 of 2 entries say "Restated". Latest entry: FY2022-Q3.
1 other company's latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「Following its review of the accounting treatment after transferring the Turtle Plan business from the company's consolidated subsidiary Okafuji Shoji Co., Ltd. to Nissan Securities through an absorption-type company split, the company changed the accounting method to gross presentation from the second-quarter consolidated accounting period. Nissan Securities plans to actively expand its customer base through precious-metals transactions and will present the scale of transactions clearly in its financial statements as well.」
For the Turtle Plan, the accounting treatment changed to gross presentation from the second quarter in connection with the business transfer, and this treatment continued in the third quarter. The company stated that there was no impact on profit or loss. - FY2022-Q2First statedAnnual report
「To present the scale of transactions clearly in the financial statements as well, the company changed its accounting method to gross presentation from the current second-quarter consolidated accounting period.」
In connection with the transfer of the business to Nissan Securities, the accounting treatment for the Pure Gold & Platinum Accumulation Plan changed from net presentation, which offset products held in custody and other customer-held products, to separate gross presentation. The company explained that the purpose was to show the scale of transactions clearly and that the change had no impact on profit or loss for the current cumulative quarterly period.