Adoption of the revenue-recognition accounting standard and deferral of points-related revenue
First written in FY2023-Q1. 4 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「With respect to the points program operated by a subsidiary, the company identifies points granted in connection with product sales to customers as performance obligations and defers revenue recognition, recognizing revenue when the points are redeemed or expire.」
The company continues its policy of applying the revenue recognition accounting standard and deferring points as performance obligations. - FY2023RestatedAnnual report
「As a result, compared with before applying the revenue recognition accounting standard and other standards, sales for the current consolidated fiscal year decreased by ¥780 million, cost of sales increased by ¥2,961 million, and selling, general and administrative expenses decreased by ¥3,387 million. Operating income, ordinary income, and profit before income taxes decreased by ¥354 million each. Retained earnings at the beginning of the period also decreased by ¥2,365 million.」
The company continues to apply the revenue recognition accounting standard and discloses the full-year impact on sales, cost of sales, selling, general and administrative expenses, profit, and retained earnings. - FY2023-Q3RestatedAnnual report
「As a result, for the nine-month period ended the third quarter of the current consolidated fiscal year, sales decreased by ¥643 million, cost of sales increased by ¥1,872 million, and selling, general and administrative expenses decreased by ¥2,344 million. Operating income, ordinary income, and profit before income taxes decreased by ¥172 million each. Retained earnings at the beginning of the period also decreased by ¥2,365 million.」
The company continues to apply the revenue recognition accounting standard and has updated its disclosures of the impact on sales, cost of sales, selling, general and administrative expenses, and profit for the nine-month period ended the third quarter. - FY2023-Q2RestatedAnnual report
「As a result, for the six-month period ended the second quarter of the current consolidated fiscal year, sales decreased by ¥641 million, cost of sales increased by ¥1,091 million, and selling, general and administrative expenses decreased by ¥1,506 million. Operating income, ordinary income, and profit before income taxes decreased by ¥226 million each. Retained earnings at the beginning of the period also decreased by ¥2,365 million.」
The company continues to disclose the revenue recognition accounting standard applied from the first quarter, the method of deferring revenue recognition by treating points as performance obligations, and the resulting impact on the cumulative results for the quarter. - FY2023-Q1First statedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognised at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」
The company has applied the revenue recognition accounting standard from the beginning of the first quarter of the current consolidated fiscal year, changing to a method that identifies points granted to customers as performance obligations and defers revenue recognition. The application reduced sales for the quarter by ¥114 million, operating income and other items by ¥64 million, and retained earnings at the beginning of the period by ¥2,365 million.