Changes in Revenue and Points Accounting Following the Adoption of the Revenue Recognition Accounting Standard and Related Standards
First written in FY2022-Q1. 4 of 7 entries say "Restated". Latest entry: FY2025.
24 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「For its proprietary points program, the company identifies points awarded as performance obligations, allocates the transaction price based on standalone selling prices calculated taking into account expected future expiries and other factors, and recognizes revenue when points are redeemed or expire.」
The company continues to account for points as performance obligations and contract liabilities following adoption of the revenue recognition accounting standard. - FY2024RestatedAnnual report
「For its proprietary points program, the company identifies points awarded as performance obligations, allocates the transaction price based on standalone selling prices calculated taking into account expected future expiries and other factors, and recognizes revenue when points are redeemed or expire.」
The company continues to account for points as performance obligations and contract liabilities following adoption of the revenue recognition accounting standard. - FY2023RestatedAnnual report
「The implementation guidance for the Accounting Standard for Fair Value Measurement was applied from the beginning of the current consolidated fiscal year, and the new accounting policies stipulated by the implementation guidance for the Fair Value Measurement Accounting Standard will be applied prospectively. The application had no impact on the consolidated financial statements.」
The company continues to apply the implementation guidance for the accounting standard for fair value measurement and states that there is no impact on the consolidated financial statements. - FY2022AdvancedAnnual report
「As a result, for the consolidated fiscal year, revenue decreased by ¥474 million, while selling, general and administrative expenses decreased by ¥447 million. Operating income, ordinary income, and net income before income taxes each decreased by ¥26 million. The opening balance of retained earnings also increased by ¥18 million.」
The company disclosed the effects of applying the revenue recognition accounting standards and related standards for the full fiscal year on revenue, selling, general and administrative expenses, operating income and other items, and continues to account for points as contract liabilities. - FY2022-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter, revenue decreased by ¥208 million, while selling, general and administrative expenses decreased by ¥352 million. Operating income, ordinary income, and quarterly net income before income taxes each increased by ¥143 million. The opening balance of retained earnings also increased by ¥18 million.」
The company continues to disclose quantitative effects of applying the revenue recognition accounting standards and related standards for the nine months ended the third quarter, including their effects on revenue, selling, general and administrative expenses, and operating income. - FY2022-Q2AdvancedAnnual report
「As a result, for the six months ended the second quarter, revenue decreased by ¥86 million, while selling, general and administrative expenses decreased by ¥228 million. Operating income, ordinary income, and quarterly net income before income taxes each increased by ¥141 million. The opening balance of retained earnings also increased by ¥18 million.」
The impact of applying the revenue recognition accounting standards and related standards for the six months ended the second quarter was quantified, and the effects on revenue, selling, general and administrative expenses, operating income and other items were disclosed. - FY2022-Q1First statedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter and now recognizes revenue when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services.」
The company applied the revenue recognition accounting standards and related standards from the beginning of the fiscal year, changing agent transactions from gross to net presentation, its own points to a method recognizing them as performance obligations and contract liabilities, and third-party points to a method deducting them from the transaction price. As a result, in the first quarter, revenue decreased by ¥129 million, selling, general and administrative expenses decreased by ¥99 million, and operating income, ordinary income, and quarterly net income before income taxes decreased by ¥30 million each.