Revenue recognition policy for recognizing implementation preparation revenue over the service period
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2023.
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- FY2023RestatedAnnual report
「Under its contracts, the Company has an obligation to provide services to customers over the contractually specified period, which it identifies as a performance obligation. Because the performance obligation is satisfied over time, the Company recognizes revenue as the obligation is satisfied.」
The Company continues to recognize revenue for contact center, IVR, cloud-based calling, rental server, and other services as the related performance obligations are satisfied. - FY2022RestatedAnnual report
「Implementation preparation revenue, including training fees and business design fees received from customers when implementing the Group's main services, such as contact center services, was previously recognized when operations commenced. However, because it arises in connection with the provision of the main contact center service and its benefits correspond to the period over which that service is provided, the Group has changed its method to recognize implementation preparation revenue over that period.」
Following adoption of the revenue recognition accounting standard, the Company continues to recognize implementation preparation revenue over the period during which services are provided. - FY2022-Q3RestatedAnnual report
「Because the revenue arises in connection with the provision of the main contact center service and its benefits correspond to the period over which that service is provided, the Company has changed its method to recognize implementation preparation revenue over that period.」
The Company continues to recognize implementation preparation revenue, including training and design fees, over the period during which contact center services are provided. The impact of adoption on the cumulative third-quarter period was deemed immaterial. - FY2022-Q2RestatedAnnual report
「Implementation preparation revenue, including training fees and business design fees received from customers when implementing the Group's main services, such as contact center services, was previously recognized when operations commenced. However, because it arises in connection with the provision of the main contact center service and its benefits correspond to the period over which that service is provided, the Group has changed its method to recognize implementation preparation revenue over that period.」
The Company continues to recognize initial implementation fees over the period during which contact center services are provided. The impact of adoption on the cumulative first-quarter period was deemed immaterial. - FY2022-Q1First statedAnnual report
「Implementation preparation revenue, including training fees and business design fees received from customers when implementing the Group's main services, such as contact center services, was previously recognized when operations commenced. However, because it arises in connection with the provision of the main contact center service and its benefits correspond to the period over which that service is provided, the Group has changed its method to recognize implementation preparation revenue over that period.」
Upon adopting the revenue recognition accounting standard, the Company disclosed for the first time its policy of recognizing implementation preparation revenue, including training and design fees, over the service period rather than when operations commence.