Recognition of Provision for Points
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2021: 2 of 10 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The total transaction price allocated to the remaining performance obligations related to points was ¥4.835 million at the end of the previous fiscal year and ¥7.479 million at the end of the current fiscal year. The group expects to recognize revenue from these remaining performance obligations over the next 1 to 10 years as the points are used.」
Following adoption of the revenue recognition standard, the company continues to treat points as performance obligations, and discloses remaining performance obligations of ¥7.479 million and the expectation that revenue will be recognized over the next 1 to 10 years. - FY2022-Q1ReframedAnnual report
「Previously, to cover the use of points granted, the amount expected to be used in the future was recognized as a provision for points, and the provision expense was included in cost of sales. The company has changed to a method under which points granted are identified as performance obligations and the transaction price is allocated based on the standalone selling price calculated by taking into account expected future expirations and other factors.」
With the adoption of the revenue recognition accounting standard, the company changed from its previous treatment of recognizing a provision for points to allocating revenue by treating points as performance obligations. - FY2020RestatedAnnual report
「Provision for points: To cover the use of points that will be exchanged for products or services in the future, the estimated amount expected to arise is recognized based on the unused balance and past usage results.」
The company continues to recognize a provision for the estimated future use of points. - FY2019First statedAnnual report
「As a certain period had elapsed since the system was introduced and the accumulation of appropriate data made it possible to reasonably estimate the amounts expected to be used in the future, a provision for points has been recognized from the current fiscal year.」
As data on the use of points accumulated, the company began recognizing the estimated future point usage amount as a provision in the current fiscal year. The balance at fiscal year-end was ¥4.916 million.