Adoption of the Revenue Recognition Accounting Standard and Net Presentation of Point-Related Contributions
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2024.
24 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Company recognizes revenue after deducting loyalty points costs related to customer loyalty programs operated by other companies.」
Following adoption of the revenue recognition standard, the Company continues to recognize revenue net of loyalty points costs as its accounting policy. - FY2022RestatedAnnual report
「Accordingly, loyalty points costs related to customer loyalty programs operated by other companies, which had previously been recorded as selling, general and administrative expenses, are now deducted from revenue when revenue is recognized. As a result, revenue and selling, general and administrative expenses for the current consolidated fiscal year each decreased by ¥381 million.」
The Company continued to apply the revenue recognition standard and present loyalty points costs on a net basis for the full fiscal year, disclosing that revenue and selling, general and administrative expenses each decreased by ¥381 million. - FY2022-Q3RestatedAnnual report
「Accordingly, loyalty points costs related to customer loyalty programs operated by other companies, which had previously been recorded as selling, general and administrative expenses, are now deducted from revenue when revenue is recognized. As a result, revenue and selling, general and administrative expenses for the current third quarter of the consolidated fiscal year-to-date period each decreased by ¥278 million.」
The Company continues to apply the revenue recognition standard and present loyalty points costs on a net basis, disclosing reductions of ¥278 million each in revenue and selling, general and administrative expenses for the current third quarter of the fiscal year-to-date period. - FY2022-Q2RestatedAnnual report
「Accordingly, loyalty points costs related to customer loyalty programs operated by other companies, which had previously been recorded as selling, general and administrative expenses, are now deducted from revenue when revenue is recognized. As a result, revenue and selling, general and administrative expenses for the current second quarter of the consolidated fiscal year-to-date period each decreased by ¥179 million.」
The Company continues to apply the revenue recognition standard and has disclosed that the net presentation of loyalty points costs reduced revenue and selling, general and administrative expenses by ¥179 million each. - FY2022-Q1First statedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other related standards from the beginning of the current first quarter of the consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer. Accordingly, loyalty points costs related to customer loyalty programs operated by other companies, which had previously been recorded as selling, general and administrative expenses, are now deducted from revenue when revenue is recognized. As a result, revenue and selling, general and administrative expenses for the current first quarter of the consolidated fiscal year-to-date period each decreased by ¥92 million.」
The Company adopted the revenue recognition standard from the beginning of the current first quarter of the consolidated fiscal year and changed to a presentation that deducts loyalty points costs from revenue. Revenue and selling, general and administrative expenses each decreased by ¥92 million.