Change to recording sales as net sales due to increased sales of tenant-occupied used houses
First written in FY2023-Q1. 4 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 1 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The pre-owned housing asset business acquires individually owned pre-owned condominiums with tenants in place (owner-change properties), generates rental income until the tenants vacate, then renovates and resells the properties.」
The company continues to own and lease pre-owned housing with tenants in place, renovate the properties after the tenants vacate, and resell them. - FY2023RestatedAnnual report
「From the current fiscal year, existing homes with tenants in place for which a decision has been made to sell with tenants in place are transferred to real estate held for sale and recognised as revenue. Until the previous fiscal year, such sales had been recorded as gains or losses on the sale of fixed assets under extraordinary gains or losses.」
The Company continues to apply the treatment whereby existing homes with tenants in place are transferred to real estate held for sale and recognised as revenue after the decision to sell them. - FY2023-Q3RestatedAnnual report
「From the first quarter of the current consolidated fiscal year, existing homes with tenants in place for which a decision has been made to sell with tenants in place are transferred to real estate held for sale and recognised as revenue. Until the previous consolidated fiscal year, such sales had been recorded as gains or losses on the sale of fixed assets under extraordinary gains or losses.」
The Company continues to disclose the change whereby existing homes with tenants in place are transferred to real estate held for sale and recognised as revenue after the decision to sell them. - FY2023-Q2RestatedAnnual report
「From the first quarter of the current consolidated fiscal year, existing homes with tenants in place for which a decision has been made to sell with tenants in place are transferred to real estate held for sale and recognised as revenue. Until the previous consolidated fiscal year, such sales had been recorded as gains or losses on the sale of fixed assets under extraordinary gains or losses.」
The Company continued to disclose in its second-quarter report the change whereby existing homes with tenants in place are transferred to real estate held for sale and recognised as revenue after the decision to sell them. - FY2023-Q1First statedAnnual report
「Amid rising prices in the existing-home distribution market and changes in the real estate investment market, sales of existing homes with tenants in place have increased in addition to the originally planned sales after tenants vacated the properties. Accordingly, the Company reorganised its internal processes for the existing-home asset business. From the first quarter of the current consolidated fiscal year, existing homes with tenants in place for which a decision has been made to sell with tenants in place are transferred to real estate held for sale and recognised as revenue. Until the previous consolidated fiscal year, such sales had been recorded as gains or losses on the sale of property, plant and equipment under extraordinary gains or losses.」
In response to increased sales of existing homes with tenants in place, the Company changed its internal processes and its asset classification and revenue recognition methods. From the first quarter of the current fiscal year, such sales have been recognised as revenue, and the transaction amount of ¥1,286 million that had been included in gains on sales of fixed assets in the previous fiscal year was disclosed.