OAK CAPITAL Corporation
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Code No: 3113
 
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IR?i^?oen
Revenue Recognition
Dividend Policy
Business Plan
Stock Information
Shareholder Information
Financial Highlights
Stock Capitalization Changes
Financial Results
Annual Report
IR Schedule
Disclosure Policy

 

Revenue Recognition

  

Oak Capital's basis of revenue recognition

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Non-consolidated (single-body) business results constitute the main source of Oak Capital's earnings.
Earnings made through exit realizations are recognized as follows:
(1) When an exit of an investment recipient company is realized, profits are booked as Return on Investment (Net Sales) and Cost of Investment (Cost of Sales) respectively. (2) In case of an exit by an affiliate or related company ("portfolio company"), net profit or loss are posted as extraordinary (special) profit or loss.

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Management fees received as General Partner of funds, is booked as "Limited Partnership Fund Management Revenue".

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Dividends received from investees (Investments aimed at stable dividend income) as well as distributions out of outside investment trust funds (in which Oak Capital acts as Limited Partner) are recognized as Net Sales.

Effects of revenue of investment recipient companies on Oak Capital's own consolidated results

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Earnings of consolidated subsidiaries are reflected as such in Oak Capital's consolidated profit and loss statements, i.e. from Net Sales down to Net Income/Loss. However, Minority Interests in Earnings/Loss are excluded.

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As to earnings of equity method affiliates, only Net Profit/Loss complies with Oak Capital's equity method and is recognized as Non-operating Income/Loss in Oak Capital's consolidated profit and loss statements.

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Net (pure) investments are not subject to consolidation.