Data Horizon (3628) · FactRestated
Review of Acceptance Procedures and Earlier Revenue Recognition in Response to the Consumption Tax Increase
First written in FY2020-Q2. 1 of 2 entries say "Restated". Latest entry: FY2021-Q2.
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Change in the acceptance process and earlier revenue recognition following the consumption tax increaseA theme 1 companies write about · 0 as a headwind · 0 as a tailwind
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- FY2021-Q2RestatedAnnual report
「With respect to revenue, sales to insurers during the six-month period ended the second quarter decreased, due to the reversal of the previous year’s acceleration of revenue recognition in some contracts following the consumption tax increase, while」
The company reconfirms that revenue recognition was accelerated in some contracts in the same period of the previous year following the consumption tax increase, followed by a decline in sales to insurers during the current quarter. - FY2020-Q2First statedAnnual report
「In addition, following the increase in the consumption tax, some contracts were moved from year-end acceptance of all services at once to acceptance for each individual service, resulting in the earlier recognition of revenue.」
The company states that, following the consumption tax increase, some contracts were reviewed and moved from year-end acceptance of all services at once to acceptance for each individual service, resulting in earlier revenue recognition.