Change to Net Presentation of Certain Consulting-Service Revenue and Review of Revenue Recognition Criteria
First written in FY2017-Q1. 7 of 8 entries say "Restated". Latest entry: FY2024-Q1.
50 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「(Change in accounting policy) There are no applicable matters.」
It was indicated that there had been no change in accounting policy during the quarter, and no further change was reported in the revenue presentation policy applied in prior fiscal years. - FY2021RestatedAnnual report
「(Change in accounting policy) There are no applicable matters.」
It was indicated that there had been no change in accounting policy during the fiscal year, and no further change was reported in the treatment following the previous change in the revenue presentation policy. - FY2020RestatedAnnual report
「Previously, for certain consulting service revenue, namely listing management revenue and affiliate revenue, the company recorded listing expenses and performance-based fees paid to other website operators in cost of sales. From the 12th fiscal year, it changed to deducting these expenses from revenue, presenting the amounts on a net basis. Accordingly, revenue for the 11th fiscal year is presented after reflecting the amount arising from retrospective application.」
The annual report reconfirmed the net presentation of certain revenue from the 12th fiscal year and the retrospective application to the comparative figures for the 11th fiscal year. - FY2018RestatedAnnual report
「Previously, for certain consulting service revenue, namely listing management revenue and affiliate revenue, the company recorded listing expenses and performance-based fees paid to other website operators in cost of sales. From the 12th fiscal year, it changed to deducting these expenses from revenue, presenting the amounts on a net basis.」
The net presentation of certain consulting service revenue and the review of revenue recognition criteria continued, and the comparative information also uses figures after retrospective application. - FY2017RestatedAnnual report
「The change in accounting policy has been applied retrospectively, and the financial statements for the previous fiscal year reflect the retrospective application. As a result, compared with the figures before retrospective application, revenue and cost of sales for the previous fiscal year each decreased by ¥1,251.795 million, while there was no impact on gross profit, operating profit, ordinary profit, profit before income taxes or net income.」
The company continued to present certain consulting service revenue on a net basis and review its revenue recognition criteria. The retrospective application reduced revenue and cost of sales for the previous fiscal year by ¥1,251.795 million each, with no impact on profit items, it explained. - FY2017-Q3RestatedAnnual report
「Previously, for part of its consulting service revenue, namely listing management revenue and affiliate revenue, the Company recorded listing expenses and performance-based fees paid to other website operators in cost of sales. From the current fiscal year, it changed to deducting these expenses from revenue, using a net presentation. In addition, to review the revenue recognition criteria, one of the key indicators of business performance, across all businesses, the Company investigated the substance, definition, scope and accounting treatment of revenue and proceeded with preparations including reviewing business processes and developing systems. The change was implemented because these preparations were completed during the current fiscal year.」
The change in accounting policy to present certain consulting service revenue on a net basis, together with the review of the revenue recognition criteria for all businesses, has been reiterated. The retrospective application reduced revenue and cost of sales for the cumulative first nine months of the previous fiscal year by ¥992.146 million each, but had no impact on gross profit, operating profit, ordinary profit or profit before income taxes for the quarter. - FY2017-Q2RestatedAnnual report
「Previously, for part of its consulting service revenue, namely listing management revenue and affiliate revenue, the Company recorded listing expenses and performance-based fees paid to other website operators in cost of sales. From the current fiscal year, it changed to deducting these expenses from revenue, using a net presentation. This change was based on the Company's recognition that, amid a sharp increase in part of its consulting service revenue, namely listing management revenue and affiliate revenue, which are ancillary services to its media service, it would be difficult to present the Company's business substance appropriately unless this portion of revenue was changed to a net presentation, in line with its management policy of further promoting the development of its media service business.」
The change in accounting policy to present part of consulting service revenue on a net basis and the review of revenue recognition criteria across all businesses are reiterated. Under the retrospective application, revenue and cost of sales for the cumulative second quarter of the previous year each decreased by ¥638.692 million, while gross profit, operating profit, ordinary profit and profit before income taxes for the quarter were unaffected. - FY2017-Q1First statedAnnual report
「Previously, for part of its consulting service revenue, namely listing management revenue and affiliate revenue, the Company recorded listing expenses and performance-based fees paid to other website operators in cost of sales. From the current fiscal year, it changed to deducting these expenses from revenue, using a net presentation. In addition, to review the revenue recognition criteria, one of the key indicators of business performance, across all businesses, the Company investigated the substance, definition, scope and accounting treatment of revenue and proceeded with preparations including reviewing business processes and developing systems. The change was implemented because these preparations were completed during the current fiscal year.」
The Company changed part of its consulting service revenue to a net presentation and proceeded with preparations, including investigating the substance of revenue, reviewing business processes and developing systems, to review revenue recognition criteria across all businesses. The change was implemented from the current fiscal year. Under the retrospective application, revenue and cost of sales for the same period of the previous year each decreased by ¥291.690 million, while gross profit, operating profit, ordinary profit and profit before income taxes for the quarter were unaffected, as stated.