Commencement of recording a provision for customer points
First written in FY2022. 3 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2021: 1 of 8 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「For the Company's points, the Company identifies them as a performance obligation, allocates the transaction price based on the standalone selling price calculated after considering expected future use and other factors, and recognizes revenue when the points are used or expire.」
The Company continues to apply the accounting treatment under which its own points are identified as a performance obligation and revenue is recognized when the points are used or expire. - FY2023RestatedAnnual report
「For points awarded through the Company's sales transactions, the Company identifies the points as a performance obligation, allocates the transaction price based on the standalone selling price calculated after considering expected future expirations and other factors, and recognizes revenue when the Company's points are used or expire.」
The Company continues to apply the revenue recognition method under which points are identified as a performance obligation and the transaction price is allocated. - FY2023-Q2RestatedAnnual report
「For points awarded through the Company's sales transactions, the Company identifies the points as a performance obligation and allocates the transaction price based on the standalone selling price calculated after considering expected future expirations and other factors.」
The Company continues to apply the revenue recognition method under which points are identified as a performance obligation and the transaction price is allocated. - FY2023-Q1ReframedAnnual report
「For points awarded through the Company's sales transactions, the Company identifies the points as a performance obligation and allocates the transaction price based on the standalone selling price calculated after considering expected future expirations and other factors.」
The Company changed its accounting treatment from one centered on recognizing a provision for points to a method under which points are identified as a performance obligation and the transaction price is allocated in accordance with the revenue recognition accounting standard. - FY2022First statedAnnual report
「After a certain period had elapsed since the system was introduced and sufficient usage data had accumulated to enable a reasonable estimate of the amounts expected to be used in the future, the Company began recognizing a provision for points from the current fiscal year. As a result, the provision for points on the balance sheet at the end of the fiscal year was ¥112.118 million, and operating loss, ordinary loss and net loss for the period each increased by ¥112.118 million.」
Based on the accumulation of usage data for the Takakyu points program, the Company began recognizing a provision for points from the current fiscal year.