Komori
Agora Hospitality Group (9704) · InitiativeFirst stated

Recognizing silent-partnership distributions as revenue to reflect the substance of the lodging business

First written in FY2017. . Latest entry: FY2017.

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Recognition of Silent Partnership Dividend Income as Revenue to Reflect the Substance of the Lodging BusinessA theme 1 companies write about · 0 as a headwind · 0 as a tailwind

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  1. FY2017First statedAnnual report

    「Dividends from the special-purpose companies holding assets, which were previously recorded as silent partnership investment gains under non-operating income, have been included in revenue from the current fiscal year. This change was made to present more appropriately the substance of the Company's core accommodation business.」

    The Company changed the presentation of silent partnership distribution income and reclassified ¥1,069,949 thousand from the previous fiscal year into revenue.
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