Risk of divergence in expected returns under アルク's sales-with-right-of-return arrangements
First written in FY2019-Q2. 3 of 5 entries say "Restated". Latest entry: FY2021-Q3.
0 other companies' latest entry also says "Dropped".
- FY2021-Q3DroppedAnnual report
「In addition, because all shares held in 株式会社アルク, formerly a consolidated subsidiary, were sold in November 2020, among other reasons, the matters “(4) Other ② Response to industry business practices in the EdTech business” and “(4) Other ③ Financial covenants of 株式会社アルク” included in the annual securities report for the previous fiscal year no longer apply.」
Following the sale of all shares in 株式会社アルク, the risk disclosure concerning responses to industry business practices related to 株式会社アルク's sale-on-a-returnable-basis system no longer has an applicable subject, and the risk is stated to have ceased to exist. - FY2020RestatedAnnual report
「To provide for such returns, a provision for returns is recognized based on estimated future returns calculated using past return experience and other factors. However, if a significant discrepancy arises between estimated returns and the actual amount of returns accepted, the Group's performance may be affected.」
The risk of a discrepancy between estimated returns and actual returns accepted under 株式会社アルク's sale-on-a-returnable-basis system continues to be disclosed. - FY2019RestatedAnnual report
「To provide for such returns, a provision for returns is recognized based on estimated future returns calculated using past return experience and other factors. However, if a significant discrepancy arises between estimated returns and the actual amount of returns accepted, the Group's performance may be affected.」
The risk of a discrepancy between estimated returns and actual returns accepted under 株式会社アルク's sale-on-a-returnable-basis system continues to be disclosed. - FY2019-Q3RestatedAnnual report
「To provide for such returns, 株式会社アルク recognizes a provision for returns based on estimated future returns calculated using past return experience and other factors. However, if a discrepancy arises between estimated returns and the actual amount of returns accepted, the Group's performance may be affected.」
The Company continues to disclose the possibility that a discrepancy between estimated returns and actual returns accepted under 株式会社アルク's sale-on-a-returnable-basis system could affect performance. - FY2019-Q2First statedAnnual report
「To provide for such returns, 株式会社アルク recognizes a provision for returns based on estimated future returns calculated using past return experience and other factors. However, if a discrepancy arises between estimated returns and the actual amount of returns accepted, the Group's performance may be affected.」
Following the acquisition of 株式会社アルク as a subsidiary, the Company disclosed the sale-on-a-returnable-basis system used in transactions with wholesalers and bookstores as a new business risk. The disclosure indicates that a discrepancy between estimated returns and actual returns accepted could affect performance, but does not state that a discrepancy has occurred.