Changes in Revenue Recognition Timing Due to Changes in Event Dates
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2026.
2 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Accordingly, our Group uses its internal order management system to track the end dates of events and promotions, and after completion of the work obtains a work completion confirmation form stating the end date of the event or promotion and confirms that it matches the end date in the order management system.」
To address changes in the timing of revenue recognition due to changes in event implementation periods, the Group continues to reconcile end dates in the order management system with those on work completion confirmation forms. - FY2022RestatedAnnual report
「Accordingly, our Group uses its internal order management system to track the end dates of events and promotions, and after completion of the work obtains a work completion confirmation form stating the end date of the event or promotion and confirms that it matches the end date in the order management system.」
The control procedure of reconciling end dates between the system and work completion confirmation forms continues. - FY2021MitigatedAnnual report
「Accordingly, the Group uses its in-house order management system to track the end dates of events and promotions. After the work is completed, it obtains a work completion confirmation form stating the end date of the event or promotion and verifies that the end date in the order management system matches the end date stated on the work completion confirmation form.」
To address the risk of shifts in the timing of revenue recognition due to changes in the implementation period, the disclosure specifies a control procedure to reconcile the end date in the system with the end date on the work completion confirmation form. - FY2021-Q3MaterialisedAnnual report
「Our group has also been significantly affected by the market environment, including the postponement and downsizing of events, because the state of emergency reissued in January was extended through March in Tokyo and the 3 surrounding prefectures.」
Regarding the risk of a shift in the timing of revenue recognition due to changes in the timing of event implementation, the disclosure states that event postponements actually occurred following extensions of the state of emergency. - FY2019RestatedAnnual report
「Because event dates and durations are prone to change, if the timing of revenue recognition is pushed back from the originally scheduled period, it could affect the Group's business performance.」
The disclosure again identifies the risk of changes in the timing of revenue recognition due to changes in the timing of event implementation. - FY2017RestatedAnnual report
「Because event dates and durations are prone to change, if the timing of revenue recognition is pushed back from the originally scheduled period, it could affect the Group's business performance.」
The disclosure again identifies the risk of changes in the timing of revenue recognition due to changes in event schedules. - FY2016First statedAnnual report
「Because event dates and durations are prone to change, if the timing of revenue recognition is pushed back from the originally scheduled period, it could affect the Group's business performance.」
The disclosure describes changes in event schedules due to permits and approvals, product development, production arrangements and other factors as risks.