Classifying outsourcing expenses in real estate sales as cost of sales
First written in FY2021-Q1. 1 of 2 entries say "Restated". Latest entry: FY2021-Q3.
No other company in this theme has enough history to compare yet.
- FY2021-Q3RestatedAnnual report
「Outsourced service costs and commissions previously recognized as selling, general and administrative expenses have been recognized as cost of sales from the first-quarter consolidated accounting period. This resulted from a review of the classification prompted by a change in the classification used for management purposes.」
The reclassification of outsourced service costs and other expenses related to real estate transactions from selling, general and administrative expenses to cost of sales is being reconfirmed. - FY2021-Q1First statedAnnual report
「The ¥27 million in outsourced service costs recognized as selling, general and administrative expenses in the first-quarter cumulative period of the previous consolidated fiscal year was reclassified as cost of sales following a review of the classification prompted by a change in the classification used for management purposes.」
The ¥27 million in outsourced service costs related to real estate transactions was reclassified from selling, general and administrative expenses to cost of sales following a change in the classification used for management purposes.