Gross Presentation of U.S. Delivery Revenue Following Application of the Revenue Recognition Standard
First written in FY2022-Q1. 3 of 6 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2024.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The group has applied IFRS from the current consolidated fiscal year and has recast the figures for the previous consolidated fiscal year under IFRS for comparative analysis.」
The policy of improving international comparability through the initial adoption of IFRS and the recasting of the comparative year has continued in the full-year disclosure. - FY2024-Q1RestatedAnnual report
「For delivery services associated with the Marketplace, the group has a performance obligation to deliver goods overseas and a performance obligation in Japan to arrange delivery of goods with delivery companies as an agent. Because these performance obligations are satisfied when the goods are delivered between the seller and the buyer, the group recognizes as revenue, at that point, either the gross delivery fee based on the delivery size or the net delivery fee after deducting the amount paid to the delivery company.」
Following the adoption of IFRS, the policy remains to recognize the gross delivery fee as revenue for overseas deliveries, including deliveries to the United States, and the net amount after deducting payments to delivery companies for domestic deliveries. - FY2022AdvancedAnnual report
「As a result, revenue increased by ¥22,203 million, cost of revenue increased by ¥23,062 million, and selling, general and administrative expenses decreased by ¥897 million during the consolidated fiscal year. Operating loss, ordinary loss and loss before income taxes each decreased by ¥38 million.」
The full-year effect of adopting the revenue recognition accounting standard through the change to gross presentation of U.S. delivery revenue was quantified. - FY2022-Q3AdvancedAnnual report
「As a result, revenue increased by ¥16,517 million, cost of revenue increased by ¥17,071 million, and selling, general and administrative expenses decreased by ¥592 million during the cumulative third quarter consolidated accounting period. Operating loss, ordinary loss and loss before income taxes each decreased by ¥38 million.」
The impact of changing U.S. delivery revenue to gross presentation following the adoption of the revenue recognition accounting standard was quantified for the cumulative third quarter, including a ¥16,517 million increase in revenue. - FY2022-Q2AdvancedAnnual report
「As a result, revenue increased by ¥10,651 million, cost of revenue increased by ¥10,918 million, and selling, general and administrative expenses decreased by ¥295 million during the cumulative second quarter consolidated accounting period. Operating loss, ordinary loss and loss before income taxes each decreased by ¥28 million.」
The effects of adopting the revenue recognition accounting standard were quantified for the cumulative second quarter, and the impact of changing U.S. delivery revenue to gross presentation on each line item was disclosed. - FY2022-Q1First statedAnnual report
「As a result, the U.S. subsidiary changed the method used to recognize delivery revenue from the net amount to recognizing the gross consideration received from customers as revenue.」
Following the adoption of the revenue recognition accounting standard and related standards, the method of presenting delivery-related revenue at the U.S. subsidiary changed from net presentation to recognizing the gross consideration received from customers as revenue.