Changes in the Recognition of Loyalty Points and Principal-Agent Transactions Following Adoption of the Revenue Recognition Standard
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2024.
24 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「For the Company's own points program, points granted are identified as a performance obligation. The amount expected to be used in the future is recognized as a contract liability when the points are granted, and revenue is recognized when the points are redeemed or expire.」
The Group continues to apply the revenue recognition standard and the previous recognition methods for its own and third-party points and purchase-for-resale transactions. - FY2023RestatedAnnual report
「For the Company's own points program, points granted are identified as a performance obligation. The amount expected to be used in the future is recognized as a contract liability when the points are granted, and revenue is recognized when the points are redeemed or expire.」
The Group continues to apply the revenue recognition standard and the previous recognition methods for its own and third-party points and purchase-for-resale transactions. - FY2022-Q3RestatedAnnual report
「The Group has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. Accordingly, the figures used for year-on-year comparisons are calculated using different methods based on different standards. The impact of this change on operating results for the nine months ended the third quarter of the current fiscal year was immaterial.」
The Group continues to apply the revenue recognition standard, reaffirming that the method used to calculate year-on-year comparisons differs and that the impact on operating results for the nine months ended the third quarter of the current fiscal year is immaterial. - FY2022-Q2RestatedAnnual report
「The Group has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. Accordingly, the figures used for year-on-year comparisons are calculated using different methods based on different standards. The impact of this change on operating results for the six months ended the second quarter of the current fiscal year was immaterial.」
The Group continues to apply the revenue recognition standard, reaffirming that the method used to calculate year-on-year comparisons differs and that the impact on operating results for the current quarter is immaterial. - FY2022-Q1First statedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter and now recognizes revenue when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services.」
The Company applied the revenue recognition standard and related standards from 1 July 2021. It deferred revenue recognition for its own points as a performance obligation, recognized revenue from points issued by other companies on a net basis after deducting the amount equivalent to the points granted, and changed to recognizing purchase-for-resale transactions on a net basis as agent transactions. The impact on profit and loss was immaterial, and there was no impact on retained earnings at the beginning of the period.