Adoption of the revenue recognition standard and changes in the presentation of contract and refund liabilities
First written in FY2022-Q3. 10 of 11 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Contract liabilities decreased by ¥22.888 million, or 20.1%, as shipments of first-half season products progressed.」
The presentation of contract liabilities following adoption of the revenue recognition standard continues, and the balance declined as product shipments progressed. - FY2025RestatedAnnual report
「Contract liabilities decreased by ¥159.858 million, or 58.4%, due to a decrease in advances received for products for the next season.」
The presentation of contract liabilities following adoption of the revenue recognition standard continues, with movements in the balance disclosed in connection with product shipments and lower advances received. - FY2025-H1RestatedAnnual report
「Contract liabilities decreased by ¥103.677 million, or 37.9%, as shipments of first-half season products progressed.」
The presentation of contract liabilities following adoption of the revenue recognition standard continues. Contract liabilities declined as shipments of first-half products progressed. - FY2024RestatedAnnual report
「We have applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and other relevant standards from the beginning of the 29th fiscal year. Accordingly, the key management indicators and other figures for the 29th fiscal year are based on application of those standards.」
The company continues to disclose in the notes to its key management indicators that the revenue recognition standard has applied from the beginning of the 29th fiscal year. - FY2024-H1RestatedAnnual report
「Contract liabilities increased by ¥65.788 million, or 23.2%, due to an increase in advances received for products for the second-half season.」
The presentation of contract liabilities following adoption of the revenue recognition standard continues. Contract liabilities increased as advances received for second-half products rose. - FY2024-Q1RestatedAnnual report
「Contract liabilities decreased by ¥136.672 million, or 48.1%, due to a decrease in advances received for products for the first-half season.」
The presentation of contract liabilities following adoption of the revenue recognition standard continues. Contract liabilities declined as advances received for first-half products decreased. - FY2023-Q3RestatedAnnual report
「Contract liabilities 94,836 86,017」
The presentation of contract liabilities following adoption of the revenue recognition standard continues. The balance declined from ¥94.836 million at the end of the previous fiscal year to ¥86.017 million at the end of the third quarter. - FY2023-Q2RestatedAnnual report
「Contract liabilities increased by ¥191.605 million, or 202.0%, due to an increase in advances received for products for the second-half season.」
The presentation of contract liabilities following adoption of the revenue recognition standard continues, and the increase due to higher advances received for second-half products is disclosed. - FY2023-Q1RestatedAnnual report
「Contract liabilities 94,836 116,278」
The presentation of contract liabilities following adoption of the revenue recognition standard continues, with balances disclosed at the end of the previous fiscal year and at the end of the first quarter. - FY2022RestatedAnnual report
「As the presentation method was changed following adoption of the revenue recognition standard, contract liabilities increased by ¥94.836 million and advances received decreased by ¥543.166 million.」
The impact of adopting the revenue recognition standard and changing the presentation of contract liabilities and advances received is reiterated in the full-year financial position and cash-flow disclosures. - FY2022-Q3First statedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other relevant standards from the beginning of the first quarter. Revenue is recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer.」
The company changed its method so that revenue related to its own points is deferred by treating them as performance obligations, and disclosed the impact on revenue, SG&A expenses, and operating profit, as well as the change in presentation to contract liabilities and refund liabilities.