Losses from Publication Returns
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2022.
Pia moved to the "Worse" side of this theme in 2022.
The whole theme swung hardest in 2017: 2 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2022ReframedAnnual report
「For publications expected to be returned, the transaction price is calculated based on the actual return rate over a specified period and other factors. Revenue is not recognized at the time of sale, and a refund liability is recognized for the consideration to be received for those publications.」
The accounting treatment for the risk of returned publications changed from a provision for returns to recognition of a refund liability under the revenue recognition accounting standard. - FY2019RestatedAnnual report
「If the return rate deteriorates, it may become necessary to increase the provision.」
The risk that deterioration in the publication return rate may require an increase in the provision and affect operating results continues to be disclosed. - FY2018RestatedAnnual report
「Fluctuations in the return rate may affect the Group's operating results.」
The risk of fluctuations in the return rate associated with the consignment sales system for publications continues to be disclosed. The balance of the provision for returns increased from ¥475 million to ¥562 million. - FY2018-Q1MaterialisedAnnual report
「Net income was limited to ¥184 million due to an increase in returned publications and other factors.」
Although fluctuations in the return rate had previously been disclosed as a potential operating risk, an increase in returned publications was identified as an actual factor weighing on profit during the quarter. - FY2017RestatedAnnual report
「Fluctuations in the return rate may affect the Group's operating results.」
The risk of fluctuations in the publication return rate under the consignment sales system continues to be disclosed. - FY2016First statedAnnual report
「As the Group uses a consignment sales system for publications, it recognizes a provision for returns in the amount considered necessary under accounting standards to cover losses from returned publications. However, fluctuations in the return rate may affect the Group's operating results.」
Fluctuations in the publication return rate under the consignment sales system are identified as a business risk specific to the publishing business.