Recognition of a Provision for Sales Returns
First written in FY2019-Q3. 2 of 6 entries say "Reframed", first in FY2022-Q3. Latest entry: FY2022.
Asagami moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Reframed".
- FY2022ReframedAnnual report
「For sales with rights of return in the New Year's postcard business, a provision for returns was previously recognized based on the corresponding amount of gross profit. The accounting treatment has been changed so that revenue and the corresponding cost of sales are not recognized for goods or products expected to be returned.」
The annual results explicitly state that the accounting treatment was changed from the previous method of recognizing a provision for returns to a method under which revenue and the corresponding cost of sales are not recognized for goods expected to be returned. - FY2022-Q3ReframedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the "Revenue Recognition Accounting Standard") and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services. For sales with rights of return in the New Year's postcard business, a provision for returns was previously recognized based on past return experience and other factors. The accounting treatment has been changed so that revenue and the corresponding cost of sales are not recognized for goods or products expected to be returned.」
For sales with rights of return in the New Year's postcard business, the accounting treatment has been changed from the previous recognition of a provision for returns to a method under which revenue and the corresponding cost of sales are not recognized for goods expected to be returned. - FY2021-Q3Provision for returns balance updatedAnnual report
「Provision for returns - 24,610」
A provision for returns of ¥24.610 million was recognized at the end of the third quarter of the current consolidated fiscal year. - FY2020-Q3Provision for returns re-recognized and balance updatedAnnual report
「Provision for returns - 43,121」
While the amount recognized at the end of the previous consolidated fiscal year was zero, a provision for returns of ¥43.121 million was recognized at the end of the third quarter of the current consolidated fiscal year. - FY2019DroppedAnnual reportThe FY2019 annual report contains no explicit corresponding reference to the ¥38.128 million provision for returns reported in FY2019-Q3.
- FY2019-Q3First statedAnnual report
「Provision for returns - 38,128」
While the amount recognized at the end of the previous consolidated fiscal year was zero, a provision for returns of ¥38.128 million was recognized at the end of the third quarter of the current consolidated fiscal year.