Impact of the change in the timing of revenue recognition under the points program
First written in FY2018-Q3. 1 of 3 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019DroppedAnnual reportThe full-year analysis of revenue in the leisure business does not explicitly identify the impact of the change in the timing of revenue recognition from the points program or conversion to IC cards.
- FY2018ReframedAnnual report
「However, due to the impact of a change in the timing of revenue recognition resulting from the conversion to IC cards for customer management introduced in connection with the renovation, cash receipts increased, but revenue decreased 1.6% year on year to ¥219 million (¥222 million in the same period of the previous year), and」
For the same impact from the change in the timing of revenue recognition, the quarterly disclosure referred to a points program, while the full-year disclosure describes the conversion to IC cards for customer management. - FY2018-Q3MaterialisedAnnual report
「Due to the impact of a change in the timing of revenue recognition under the points program introduced in connection with the renovation, cash receipts increased, but revenue decreased 1.0% year on year to ¥166 million (¥168 million in the same period of the previous year), and」
The points program introduced in connection with the renovation of the hitting bays changed the timing of revenue recognition, resulting in an actual divergence between increased cash receipts and lower revenue year on year.