Database marketing and enhanced security through the conversion to IC cards
First written in FY2019-Q1. 2 of 3 entries say "Restated". Latest entry: FY2019-Q3.
0 other companies' latest entry also says "Restated".
- FY2019-Q3RestatedAnnual report
「As the volume of information on usage trends and other data held and accumulated through IC cards increased, creating an environment conducive to database marketing, and as the promotion of cashless payments through enhanced security made the increase in the asset value associated with IC cards clear, the company began capitalizing IC card issuance costs from the first-quarter consolidated accounting period and amortizing them over the cards' validity periods. As a result, compared with the previous method, operating income, ordinary income, and quarterly net income before income taxes and other adjustments for the cumulative third quarter increased by ¥1,190 million each.」
The company continues to capitalize IC card issuance costs and amortize them over the cards' validity periods. For the cumulative third quarter, each profit measure increased by ¥1,190 million compared with the previous method. - FY2019-Q2RestatedAnnual report
「Previously, credit card issuance costs were expensed in full when the cards were issued. However, as IC cards increased the volume of information on usage trends and other data that could be held and accumulated, creating an environment conducive to database marketing, and as the promotion of cashless payments through enhanced security made the increase in the asset value associated with IC cards clear, the company began capitalizing IC card issuance costs from the first-quarter consolidated accounting period and amortizing them over the cards' validity periods. As a result, compared with the previous method, operating income, ordinary income, and quarterly net income before income taxes and other adjustments for the cumulative second quarter increased by ¥748 million each.」
The company continues to capitalize IC card issuance costs and amortize them over the cards' validity periods. For the cumulative second quarter, each profit measure increased by ¥748 million compared with the previous method. - FY2019-Q1First statedAnnual report
「The company has been pursuing database marketing to provide new consumption opportunities in the future. Following the release of a new system, it decided to switch to IC cards and bring forward card renewals, as the cards can store more information for database marketing and the environment for issuing IC cards was in place. Previously, credit card issuance costs were expensed in full when the cards were issued. However, as IC cards increased the volume of information on usage trends and other data that could be held and accumulated, creating an environment conducive to database marketing, and as the promotion of cashless payments through enhanced security made the increase in the asset value associated with IC cards clear, the company began capitalizing IC card issuance costs from the current first-quarter consolidated accounting period and amortizing them over the cards' validity periods.」
Following the release of a new system, the company decided to switch to IC cards and bring forward renewals, and for the first time explicitly stated its policy of advancing database marketing through the accumulation of usage trend and other information and cashless payments through enhanced security.