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Idom (7599) · InitiativeFirst stated

Change in the timing of revenue recognition for used-vehicle retail sales

First written in FY2027-H1. . Latest entry: FY2027-H1.

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Revenue recognition upon completion of ownership transfer in used-car retail salesA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

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  1. FY2027-H1First statedAnnual report

    「Previously, the Company recognized revenue from used-vehicle retail sales when the vehicle was delivered. From the interim consolidated accounting period, the method changed to recognizing revenue when the vehicle title-transfer procedures were completed.」

    The timing of revenue recognition for used-vehicle retail sales changed from vehicle delivery to completion of the title-transfer procedures. The Company disclosed that retrospective application reduced net sales for the previous interim period by ¥2,808 million and operating profit and other items by ¥415 million.
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Change in the timing of revenue recognition for used-vehicle retail sales | IDOM Inc. (7599) | Komori