Revenue recognition over the service period under real estate management contracts
First written in FY2024. 1 of 4 entries say "Restated". Latest entry: FY2026.
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- FY2026AdvancedAnnual report
「Revenue transferred over a period 258 258 Revenue from external customers 258 258」
Revenue of ¥258 million transferred over a period under property management contracts was recognized, an increase of ¥47 million from ¥211 million in the previous year. - FY2026-H1Interim update of contract revenueAnnual report
「Revenue transferred over time 120 120 Revenue from external customers 120 120」
The Company recognized ¥120 million in revenue transferred over time under real estate management agreements during the interim period. This was an increase from ¥100 million in the same period of the previous year. - FY2025-H1RestatedAnnual report
「Revenue transferred over time 100 100 Revenue from external customers 100 100」
The Company continues to recognize ¥100 million of contract revenue from the real estate management business as revenue transferred over time. - FY2024First statedAnnual report
「The real estate management business performs equipment maintenance and management, cleaning, security, tenant management and other services, and is obliged to provide these services under real estate management agreements. The performance obligation is satisfied over a period of time. The Company submits monthly reports and recognizes the contractually stipulated amounts as revenue.」
The Company has for the first time documented a specific accounting policy for the real estate management business, under which equipment maintenance and management, cleaning, security, tenant management and other services are provided over the contract term and revenue is recognized based on monthly reports.