Refinement of Allowance for Doubtful Accounts Estimates Through System Data Enhancement
First written in FY2016-Q3. 1 of 3 entries say "Restated". Latest entry: FY2017.
0 other companies' latest entry also says "Dropped".
- FY2017DroppedAnnual reportThe body of the annual report does not explicitly restate the previously reported change and refinement of the method for estimating the allowance for doubtful accounts prompted by the system change.
- FY2016RestatedAnnual report
「Following the accumulation and enhancement of data by the number of months elapsed since the receivables arose as a result of a system change, the Company changed its method for estimating the allowance for doubtful accounts relating to recourse receivables and adopted a method for calculating expected uncollectible amounts more precisely. As a result, operating income, ordinary income and profit before income taxes for the fiscal year increased by ¥5.412 million each.」
The annual report also describes the refinement of allowance-for-doubtful-accounts estimates using the system change and data on the number of months elapsed since the receivables arose, stating that the impact on profit was ¥5.412 million. - FY2016-Q3First statedAnnual report
「Following the accumulation and enhancement of data by the number of months elapsed since the receivables arose as a result of a system change, the Company changed its method for estimating the allowance for doubtful accounts relating to recourse receivables and adopted a method for calculating expected uncollectible amounts more precisely. As a result, operating income, ordinary income and profit before income taxes for the cumulative third quarter increased by ¥4.385 million each.」
The Company states that it refined its method for calculating expected uncollectible amounts using the system change and the accumulation and enhancement of receivables data.