Changing from a buy-in purchasing model to a consignment purchasing model
First written in FY2021. 12 of 14 entries say "Restated". Latest entry: FY2026-H1.
1 other company's latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「The company considers itself an agent in transactions under the agency sales model and records sales commissions as revenue on a net basis, deducting the amount paid to producers from the amount received from customers in exchange for the products provided by the company.」
The company continues to use the agency sales model and recognize sales commissions for producers’ products as net revenue. - FY2025RestatedAnnual report
「The Group uses an agency sales model for products listed by producers.」
The company continues to use the agency sales model adopted from 1 October 2023 and recognize revenue on a net basis after deducting sales commissions paid to producers. - FY2025-H1RestatedAnnual report
「The company considers itself an agent in transactions under the agency sales model and records sales commissions as revenue on a net basis, deducting the amount paid to producers from the amount received from customers in exchange for the products provided by the company.」
The company continues to use the agency sales model adopted from 1 October 2023 and recognizes sales commissions for producers’ products as net revenue. - FY2024RestatedAnnual report
「The Group uses an agency sales model for products listed by producers.」
The company continues to use the agency sales model adopted from 1 October 2023 and recognizes revenue on a net basis after deducting sales commissions paid to producers. - FY2024-Q2RestatedAnnual report
「Effective 1 October 2023, the company changed transactions under the “consignment purchasing model” to transactions under the “agency sales model.”」
The company continues the treatment adopted after the change from the consignment purchasing model to the agency sales model described in the previous quarter. Under the agency sales model, sales commissions are recognized as revenue. - FY2024-Q1ReframedAnnual report
「Effective 1 October 2023, the company changed transactions under the “consignment purchasing model” to transactions under the “agency sales model.”」
The company changed the description and treatment of the transaction structure from the former consignment purchasing model to the agency sales model. Under the agency sales model, sales commissions are recognized as revenue. - FY2023RestatedAnnual report
「The company records the amount obtained by deducting the relevant purchase amount from total distribution value as “operating revenue” in its financial statements. The relevant rate under the consignment purchasing model has a material impact on the company’s operating revenue and profit.」
The company continues to use the consignment purchasing model and record operating revenue for producers’ products after deducting the purchase amount from total distribution value. - FY2023-Q3RestatedAnnual report
「The company considers itself an agent in transactions under the consignment purchasing model. Accordingly, it recognizes revenue on a net basis, deducting the amount paid to producers from the amount received from customers in exchange for the products provided by the company.」
The company continues to recognize revenue on a net basis under the consignment purchasing model, deducting payments to producers in its capacity as an agent. - FY2023-Q2RestatedAnnual report
「The company considers itself an agent in transactions under the consignment purchasing model. Accordingly, it recognizes revenue on a net basis, deducting the amount paid to producers from the amount received from customers in exchange for the products provided by the company.」
The company continues to recognize revenue on a net basis under the consignment purchasing model, deducting payments to producers in its capacity as an agent. - FY2023-Q1RestatedAnnual report
「The company considers itself an agent in transactions under the consignment purchasing model. Accordingly, it recognizes revenue on a net basis, deducting the amount paid to producers from the amount received from customers in exchange for the products provided by the company.」
Under the consignment purchasing model, the company continues to recognize revenue on a net basis as an agent, deducting payments to producers. - FY2022-Q3RestatedAnnual report
「The company considers itself an agent in transactions under the consignment purchasing model. Accordingly, it recognizes revenue on a net basis, deducting the amount paid to producers from the amount received from customers in exchange for the products provided by the company.」
The company continues to recognize revenue on a net basis under the consignment purchasing model, deducting payments to producers in its capacity as an agent. - FY2022-Q2RestatedAnnual report
「The company considers itself an agent in transactions under the consignment purchasing model. Accordingly, it recognizes revenue on a net basis, deducting the amount paid to producers from the amount received from customers in exchange for the products provided by the company.」
The company continues to use the consignment purchasing model and recognize net revenue as an agent. In connection with revenue recognition, it discloses a total distribution value of ¥10,353.104 million for transactions under the consignment purchasing model. - FY2022-Q1RestatedAnnual report
「The company considers itself an agent in transactions under the consignment purchasing model. Accordingly, it recognizes revenue on a net basis, deducting the amount paid to producers from the amount received from customers in exchange for the products provided by the company.」
The company states that transactions and revenue recognition based on the consignment purchasing model continued during the quarter. - FY2021AdvancedAnnual report
「To enhance its role as a platform for producers, the company proceeded with changing the transaction structure for some products displayed in stores from a buy-in purchasing model to a consignment purchasing model.」
The company states that it proceeded with the change during the fiscal year. This is linked to a presentation method under which the company does not own producers’ products or bear inventory risk.