Changes to Point and Coupon Revenue Recognition Following Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q2.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「As a result, net sales and selling, general and administrative expenses for the cumulative second quarter of the current consolidated period each decreased by ¥4,166 million. There was no impact on operating profit, ordinary profit or profit before income taxes for the quarter.」
The company continued applying the revenue recognition standard and disclosed a cumulative ¥4,166 million impact on net sales and selling, general and administrative expenses from changes in the recognition of point and coupon revenue. It stated that there was no impact on operating profit or other profit measures. - FY2022-Q1First statedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. 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 revenue recognition standard was applied from the beginning of the first quarter of the current consolidated accounting period. Points were identified as performance obligations, and revenue from redeemed discount coupons began to be recognized on a net basis. Net sales and selling, general and administrative expenses each decreased by ¥2,069 million, with no impact on operating profit or other profit measures.