Mrk Holdings (9980) · PolicyAdvanced
Change to presenting interest income from in-house installment sales as net sales
First written in FY2023-Q3. 1 of 2 entries say "Advanced", first in FY2023. Latest entry: FY2023.
2entries
1years
0from disclosures
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Change in the presentation of interest income from in-house installment sales as revenueA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2023AdvancedAnnual report
「Interest income related to in-house installment sales, which had been recorded under "Fees received" in "Non-operating income" through the previous consolidated fiscal year, has been reclassified and recorded under "Net sales" from the current consolidated fiscal year.」
The method of presenting interest income from in-house installment sales as net sales was applied for the full fiscal year, establishing the disclosure treatment of in-house installment sales as one of the results of the Company's principal operating activities. - FY2023-Q3First statedAnnual report
「Receipt fees related to in-house installment sales, which had previously been recorded under "Fees received" in "Non-operating income," have been reclassified and recorded under "Net sales" from the current third-quarter consolidated accounting period.」
Receipt fees related to in-house installment sales were reclassified from non-operating income to net sales. This presentation change followed the classification of in-house installment sales as one of the results of the Company's principal operating activities.