Adoption of the Revenue Recognition Standard and net recognition under the sell-through purchase method
First written in FY2022-Q1. 10 of 12 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
57 other companies' 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.」
For revenue recognition purposes, the Company continues to recognize sales commissions on a net basis as an agent under the consignment sales method. Gross merchandise value for transactions under the consignment sales method was ¥12,427.0 million. - FY2025RestatedAnnual report
「For transactions under the consignment sales method, when the Company receives a consignment to sell products from a producer, the producer must deliver the products to the designated distribution center or store in accordance with procedures established by the Company. At that point, a consignment sales agreement for the products is deemed to have been concluded between the Company and the producer.」
The Company continues to recognize revenue on a net basis as an agent under the consignment sales method. Gross merchandise value under the consignment sales method for the fiscal year ending September 2025 was ¥25,813.3 million. - FY2024RestatedAnnual report
「For transactions under the consignment sales method, the Company identifies itself as an agent. Accordingly, it recognizes revenue on a net basis by deducting the amount paid to producers from the amount received from customers in exchange for the products it provides.」
The Company continues to recognize sales commissions and revenue on a net basis under the consignment sales method from 1 October 2023 onward. - FY2024-Q2RestatedAnnual report
「For transactions under the sell-through purchase method, the Company identifies itself as an agent and had recognized revenue on a net basis by deducting the amount paid to producers from the amount received from customers in exchange for the products it provides. For transactions under the consignment sales method, the Company recognizes sales commissions as revenue.」
For revenue recognition purposes, the Company continues to recognize sales commissions under the consignment sales method from 1 October 2023 onward. Gross merchandise value for transactions under the consignment sales method was ¥13,057.2 million. - FY2024-Q1ReframedAnnual report
「For transactions under the sell-through purchase method, the Company identifies itself as an agent and had recognized revenue on a net basis by deducting the amount paid to producers from the amount received from customers in exchange for the products it provides. For transactions under the consignment sales method, the Company recognizes sales commissions as revenue.」
The Company changed from net revenue recognition under the former sell-through purchase method to sales commission recognition under the consignment sales method. - FY2023RestatedAnnual report
「Because products offered by producers (producer products) are sold without the Company having ownership or inventory risk, revenue from producer products is presented in the financial statements on a net basis, calculated by deducting the purchase price paid to producers from the sales proceeds received from customers.」
The Company continues to present revenue from producer products on a net basis as an agent following adoption of the Revenue Recognition Standard. - 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.」
Even after adopting the Revenue Recognition Standard, the Company continues to recognize revenue on a net basis as an agent in transactions under the sell-through purchase method. - 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.」
Even after adopting the Revenue Recognition Standard, the Company continues to recognize revenue on a net basis as an agent in transactions under the sell-through purchase method. Gross merchandise value for transactions under the sell-through purchase method during the six months ended the current second quarter was ¥11,779.5 million. - 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.」
Even after adopting the Revenue Recognition Standard, the Company continues to recognize revenue on a net basis as an agent in transactions under the sell-through purchase method. - FY2022-Q3RestatedAnnual report
「As a result, net sales and operating income for the nine months ended the current third quarter increased by ¥3,391 thousand, while non-operating income decreased by ¥5,652 thousand and non-operating expenses decreased by ¥2,261 thousand. There was no impact on ordinary income or profit before income taxes for the quarter.」
The Company continues to apply the Revenue Recognition Standard adopted from the beginning of the first quarter accounting period and discloses the amounts of its presentation impact for the nine months ended the current third quarter. - FY2022-Q2RestatedAnnual report
「As a result, net sales and operating income for the six months ended the current second quarter increased by ¥1,644 thousand, while non-operating income decreased by ¥3,162 thousand and non-operating expenses decreased by ¥1,517 thousand. There was no impact on ordinary income or profit before income taxes for the quarter.」
The Company continues to apply the Revenue Recognition Standard adopted from the beginning of the first quarter accounting period and discloses the amounts of its presentation impact for the cumulative period. - FY2022-Q1First statedAnnual report
「The Company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards from the beginning of the current first quarter accounting period. Accordingly, revenue is recognized 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.」
For transactions under the sell-through purchase method, the Company identifies itself as an agent and explicitly states its policy of recognizing revenue on a net basis after deducting amounts paid to producers. The adoption of the accounting standard increased net sales and operating income by ¥913 thousand, but had no impact on ordinary income or profit before income taxes for the quarter.