Emphasis on Objectivity and Certainty in Recognizing Revenue from Performance-Based Internet Advertising
First written in FY2020-Q1. 3 of 4 entries say "Restated". Latest entry: FY2020.
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- FY2020RestatedAnnual report
「The change in accounting policy was applied retrospectively, and the consolidated financial statements for the previous consolidated fiscal year reflect retrospective application.」
The annual report also confirms the change to a more objective and certain revenue recognition method for programmatic internet advertising, based on confirmed reports from media companies and other information, and its retrospective application. - FY2020-Q3RestatedAnnual report
「Certain consolidated subsidiaries of the company had previously recognized revenue from programmatic advertising on internet media, for which the placement fee is not finalized when the advertisement is placed, based on the placement of the advertisement. From the first quarter of the current consolidated fiscal year, they have changed to recognizing revenue based on confirmed reports and other information from the media companies that placed the advertisements.」
The company reconfirmed in the notes for Q3 the change in revenue recognition for programmatic internet advertising to a method based on confirmed reports from media companies and other information. - FY2020-Q2RestatedAnnual report
「Certain consolidated subsidiaries of the company had previously recognized revenue from programmatic advertising on internet media, for which the placement fee is not finalized when the advertisement is placed, based on the placement of the advertisement. From the first quarter of the current consolidated fiscal year, they have changed to recognizing revenue based on confirmed reports and other information from the media companies that placed the advertisements.」
The company reconfirmed in the notes for Q2 the change in revenue recognition for programmatic internet advertising to a method based on confirmed reports from media companies and other information. It also disclosed the impact of retrospective application on prior-year figures. - FY2020-Q1First statedAnnual report
「Certain consolidated subsidiaries of the company had previously recognized revenue from programmatic advertising on internet media, for which the placement fee is not finalized when the advertisement is placed, based on the placement of the advertisement. From the first quarter of the current consolidated fiscal year, however, they have changed to recognizing revenue based on confirmed reports and other information from the media companies that placed the advertisements. Against a backdrop of changes in the business environment and other factors, the need for more cautious revenue recognition has increased. Accordingly, following the acquisition of D.A. Consortium Holdings Co., Ltd., a consolidated subsidiary of the company, as a wholly owned subsidiary through a tender offer in the previous consolidated fiscal year, the company has changed to a revenue recognition method with greater objectivity and certainty.」
For programmatic internet advertising, the company changed its revenue recognition method from one based on the timing of ad placement to one based on confirmed reports from media companies and other information. The change was applied retrospectively, reflecting a policy of more cautious revenue recognition with greater objectivity and certainty.