Risk of Fluctuations in Return Rates in Consignment Sales of Publications
First written in FY2017. 16 of 17 entries say "Restated". Latest entry: FY2027-H1.
3 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no occurrences of matters relating to the business and financial positions described in this interim report that could have a material impact on investors' decisions, and no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year. There are also no material events or conditions to report.」
It is stated that there have been no material changes regarding the impact on business results of changes in the return rate for publications sold on consignment. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the impact on business results of changes in the return rate for publications sold on consignment. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the impact on business results of changes in the return rate for publications sold on consignment. - FY2023-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the impact on business results of changes in the return rate for publications sold on consignment. - FY2022RestatedAnnual report
「To provide for losses from returns of publications under the consignment sales system, the Group recognizes an allowance for returns based on accounting estimates, calculated by applying an actual return rate for a specified period to the accounts receivable balance relating to the publishing business or to publication sales. Changes in the return rate could affect the Group's business results.」
The consignment sales system, the allowance for returns and the impact on business results of changes in the return rate continue to be identified for the full year. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the impact on business results of changes in the return rate for publications sold on consignment. - FY2022-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the impact on business results of changes in the return rate for publications sold on consignment. - FY2021RestatedAnnual report
「The Group does not recognize that this risk is likely to materialize immediately, but will closely monitor changes in the return rate and work to mitigate the risk.」
Regarding the impact on business results of changes in the return rate under the consignment sales system and the allowance for returns, the Group does not recognize any immediate likelihood of materialization and continues to respond by closely monitoring the return rate. - FY2021-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the impact on business results of changes in the return rate for publications sold on consignment. - FY2020RestatedAnnual report
「To provide for losses from returns of publications under the consignment sales system, the Group recognizes an allowance for returns based on accounting estimates, calculated by applying an actual return rate for a specified period to the accounts receivable balance relating to the publishing business or to publication sales. Changes in the return rate could affect the Group's business results.」
The consignment sales system, the allowance for returns and the impact on business results of changes in the return rate continue to be identified as full-year risks. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the impact on business results of changes in the return rate for publications sold on consignment. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the impact on business results of changes in the return rate for publications sold on consignment. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the impact on business results of changes in the return rate for publications sold on consignment. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the impact on business results of changes in the return rate for publications sold on consignment. - FY2019-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes regarding the impact on business results of changes in the return rate for publications sold on consignment. - FY2018RestatedAnnual report
「To provide for losses from returns of publications under the consignment sales system, the Group recognizes an allowance for returns based on accounting estimates, calculated by applying an actual return rate for a specified period to the accounts receivable balance relating to the publishing business or to publication sales. Changes in the return rate could affect the Group's business results.」
The impact on business results of changes in the actual return rate under consignment sales, through the allowance for returns, is presented under the same framework for the full year. - FY2017First statedAnnual report
「To provide for losses from returns of publications under the consignment sales system, the Group recognizes an allowance for returns based on accounting estimates, calculated by applying an actual return rate for a specified period to the accounts receivable balance relating to the publishing business or to publication sales. Changes in the return rate could affect the Group's business results.」
New publications are generally on consignment for 6 months, while long-term consignments may run for 12 months depending on the case, indicating that changes in the actual return rate could affect business results.