Period Allocation of License Revenue, Franchise Fees and Store Fees
First written in FY2022-Q1. 5 of 8 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2025.
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- FY2025Decline in remaining performance obligationsAnnual report
「Of this amount, approximately 10% is expected to be recognized as revenue within 1 year, and the remaining approximately 90% within the following 20 years.」
Remaining performance obligations related to licenses amounted to ¥144,720 thousand, down from ¥167,367 thousand in the previous fiscal year. The revenue recognition method remains unchanged. - FY2024AdvancedAnnual report
「Of this amount, approximately 10% is expected to be recognized as revenue within 1 year, and the remaining approximately 90% within the following 20 years.」
Remaining performance obligations related to licenses amounted to ¥167,367 thousand, and the Company updated its estimate that approximately 10% will be recognized as revenue within 1 year and approximately 90% within the following 20 years. - FY2024-Q2RestatedAnnual report
「There were no significant changes to the accounting policy during the first 2 quarters of the current consolidated fiscal year.」
This filing does not disclose any significant changes to the accounting policy under which consideration related to licenses is recognized as revenue over the license term. - FY2023AdvancedAnnual report
「Of this amount, approximately 10% is expected to be recognized as revenue within 1 year, and the remaining approximately 90% within the following 20 years.」
Remaining performance obligations related to consideration for licenses amounted to ¥160,983 thousand, and the Company updated its estimate that approximately 10% will be recognized as revenue within 1 year and approximately 90% within the following 20 years. - FY2022AdvancedAnnual report
「Of this amount, approximately 10% is expected to be recognized as revenue within 1 year, and the remaining approximately 90% within the following 20 years.」
The Company disclosed remaining performance obligations of ¥219,725 thousand for the period allocation of consideration related to licenses and indicated that approximately 10% is expected to be recognized as revenue within 1 year and approximately 90% within the following 20 years. - FY2022-Q3AdvancedAnnual report
「As a result, revenue, operating income and ordinary income for the first 3 quarters of the current consolidated fiscal year each increased by ¥5,578 thousand. The opening balance of retained earnings also decreased by ¥174,002 thousand.」
The Company disclosed the impact on cumulative-period profit or loss and retained earnings of the accounting policy under which consideration related to licenses is recognized as revenue over the license term. - FY2022-Q2AdvancedAnnual report
「As a result, revenue, operating income and ordinary income for the first 2 quarters of the current consolidated fiscal year each increased by ¥846 thousand. The opening balance of retained earnings also decreased by ¥171,002 thousand.」
The Company disclosed the impact on quarterly profit or loss and opening retained earnings of applying the accounting policy under which consideration related to licenses is recognized as revenue over a certain period. - FY2022-Q1First statedAnnual report
「Initial royalties or franchise fees received from partner companies under license agreements when the agreements are signed or new stores open, as well as store fees, were previously recognized as revenue at a point in time, when the license agreement was signed or the opening of a new store was decided. However, because the nature of the promise to grant the license to customers is considered to be a right to access intellectual property over the license term, the Company has changed its method to record the consideration as a contract liability and recognize it as revenue over a certain period as the performance obligation is satisfied.」
Upon adoption of the revenue recognition accounting standard, the Company changed its method of recognizing consideration related to licenses from recognizing revenue at a point in time when the contract was signed to recognizing revenue over the license term.