Change in the Calculation Method for the Provision for Points
First written in FY2024. 1 of 2 entries say "Advanced", first in FY2026. Latest entry: FY2026.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「If, in practice, the percentage point redemption rate deviates by 5 percentage points from the assumptions underlying the above estimate, operating income, ordinary income and profit before income taxes for the following consolidated fiscal year are each expected to be affected by approximately ¥29.868 million.」
Disclosed, for the provision for loyalty points, the redemption results for the past 2 years, the issuance of 939 million points, an unused balance of 596 million points and an impact of ¥29.868 million if the redemption rate deviates by 5 percentage points, providing greater detail on estimate management. - FY2024First statedAnnual report
「We changed the estimate because the analysis and preparation of data obtained from the points-management system renovated in the previous consolidated fiscal year had been completed and the necessary framework was in place, enabling a more precise estimate of the expected future redemption rate for points. As a result of this change, the provision for loyalty points for the current consolidated fiscal year decreased by ¥114.354 million, and operating income, ordinary income and profit before income taxes increased by the same amount.」
Following the completion of data analysis and preparation for the points-management system, disclosed for the first time as a separate change in an accounting estimate the change in the method for calculating the expected redemption rate for points, which reduced the provision by ¥114.354 million.