Risk of Losses from Returns
First written in FY2016. 16 of 31 entries say "Mitigated", first in FY2017-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2017: 1 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Refund liabilities 481,835」
Refund liabilities at the end of the consolidated fiscal year amounted to ¥481,835 thousand. Although this was down from ¥515,567 thousand for the standalone reporting company at the end of the previous fiscal year and ¥503,524 thousand at the interim period, simple comparisons are subject to limitations because this was the first year of consolidation. - FY2026-H1Decrease in Refund Liability BalanceAnnual report
「Refund liabilities amounted to ¥503,524 thousand.」
Refund liabilities at the end of the interim consolidated accounting period amounted to ¥503,524 thousand. Although this was down from ¥515,567 thousand at the end of the previous fiscal year, the interim consolidated figures were prepared after WHITE FOX became a subsidiary, and the company has not performed a comparative analysis against the corresponding interim consolidated accounting period of the previous year or other periods. - FY2025Increase in Refund Liability BalanceAnnual report
「Refund liabilities 484,963 515,567」
Refund liabilities increased by ¥30,604 thousand, from ¥484,963 thousand at the end of the previous fiscal year to ¥515,567 thousand. Disclosures on estimates based on return rates and other factors, and return risk, continue. - FY2025-H1MitigatedAnnual report
「Refund liabilities 484,963 465,131」
Refund liabilities decreased by ¥19,832 thousand, from ¥484,963 thousand at the end of the previous fiscal year to ¥465,131 thousand at the end of the interim accounting period. - FY2024Increase in Refund Liability BalanceAnnual report
「Refund liabilities 457,442 484,963」
Refund liabilities increased by ¥27,520 thousand, from ¥457,442 thousand at the end of the previous fiscal year to ¥484,963 thousand. - FY2024-Q3Increase in Refund Liability BalanceAnnual report
「Refund liabilities 457,442 466,319」
Refund liabilities increased by ¥8,877 thousand, from ¥457,442 thousand at the end of the previous fiscal year to ¥466,319 thousand at the end of the third quarter accounting period. - FY2024-Q2Decrease in Refund Liability BalanceAnnual report
「This was due to a decrease of ¥37,094 thousand in refund liabilities.」
Refund liabilities decreased by ¥37,094 thousand, from ¥457,442 thousand at the end of the previous fiscal year to ¥420,348 thousand at the end of the second quarter accounting period. - FY2024-Q1Decrease in Refund Liability BalanceAnnual report
「This was due to decreases in accrued corporate taxes and other taxes, down ¥375,347 thousand from the end of the previous fiscal year, and refund liabilities, down ¥59,954 thousand.」
Refund liabilities decreased by ¥59,954 thousand, from ¥457,442 thousand at the end of the previous fiscal year to ¥397,488 thousand. - FY2023Increase in Refund Liability BalanceAnnual report
「Refund liabilities 427,174 457,442」
Refund liabilities increased by ¥30,268 thousand, from ¥427,174 thousand at the end of the previous fiscal year to ¥457,442 thousand. - FY2023-Q3Slight increase in the refund liability balanceAnnual report
「Refund liability 427,174 427,401」
The refund liability increased slightly from ¥427,174 thousand at the end of the previous fiscal year to ¥427,401 thousand at the end of the third-quarter accounting period. - FY2023-Q1Decrease in Refund Liability BalanceAnnual report
「Refund liability 427,174 407,860」
The refund liability decreased from ¥427,174 thousand at the end of the previous fiscal year to ¥407,860 thousand at the end of the first-quarter accounting period. - FY2022Disclosure of estimates for refund liabilities and return assetsAnnual report
「We calculate the expected refund amount considered likely to arise using return rates and other factors as the basis for calculation, deduct it from revenue, and record it as a refund liability. We also calculate a return asset using the cost ratio, rate of re-shipment and other factors as the basis for calculation, in order to recognize the right to receive publications returned to us. If these calculation assumptions change due to future changes in uncertain economic conditions or other factors, the amounts of the refund liability and return asset recognized may be materially affected.」
The company disclosed that changes in estimates such as return rates and re-shipment rates could affect the amounts of the ¥427,174 thousand refund liability and ¥21,191 thousand return asset recognized following adoption of the revenue recognition accounting standard. - FY2022-Q1ReframedAnnual report
「The company changed from the previous method of recording a provision for returns, equivalent to the gross profit on sales, as a current liability to a method that does not recognize the sales revenue or cost of sales corresponding to products expected to be returned. A refund liability is recorded under current liabilities as refund liabilities, and a return asset is presented under current assets in Other.」
Following the adoption of the revenue recognition accounting standard, the presentation changed from the former treatment using a provision for returns to a method using a refund liability and a right to recover returned products. This reflects a change in accounting treatment, not a change in the occurrence of the return risk itself. - FY2021MitigatedAnnual report
「Provision for returns 339,621 307,252」
The provision for returns declined from ¥339,621 thousand at the end of the previous fiscal year to ¥307,252 thousand, and the burden related to returns continues to decline. - FY2021-Q3MitigatedAnnual report
「Provision for returns 339,621 317,120」
The provision for returns declined from ¥339,621 thousand at the end of the previous fiscal year to ¥317,120 thousand at the end of the third-quarter accounting period, and the burden related to returns continues to decline. - FY2021-Q2MitigatedAnnual report
「Change in provision for returns (△ indicates a decrease) △19,728」
The provision for returns declined by ¥19,728 thousand from the end of the previous fiscal year, and the burden related to returns continued to decline. - FY2021-Q1MitigatedAnnual report
「Current liabilities decreased by ¥159,876 thousand from the end of the previous fiscal year to ¥1,247,798 thousand. This was mainly due to decreases in corporate taxes payable of ¥134,131 thousand from the end of the previous fiscal year and the provision for returns of ¥39,820 thousand.」
The provision for returns declined by ¥39,820 thousand from the end of the previous fiscal year, and the burden related to returns continued to decline. - FY2020-Q3MitigatedAnnual report
「This was mainly due to decreases in corporate taxes payable of ¥340,752 thousand from the end of the previous fiscal year and the provision for returns of ¥56,981 thousand.」
The provision for returns declined by ¥56,981 thousand from the end of the previous fiscal year, and the burden related to returns continued to decline. - FY2020-Q2MitigatedAnnual report
「This was mainly due to decreases in corporate taxes payable of ¥217,256 thousand from the end of the previous fiscal year, the provision for returns of ¥71,849 thousand, and accounts payable of ¥49,739 thousand.」
The provision for returns declined by ¥71,849 thousand from the end of the previous fiscal year, and the burden related to returns continued to decline. - FY2019MitigatedAnnual report
「The provision for returns declined by ¥33,925 thousand from the end of the previous fiscal year as the return rate improved.」
The provision for returns declined by ¥33,925 thousand from the end of the previous fiscal year as the return rate improved, and the burden related to returns continued to decline. - FY2019-Q3MitigatedAnnual report
「This was mainly because the provision for returns declined by ¥44,344 thousand from the end of the previous fiscal year as the return rate improved, while corporate taxes payable increased by ¥159,111 thousand as business remained solid.」
The provision for returns declined by ¥44,344 thousand from the end of the previous fiscal year as the return rate improved, and the burden related to returns continued to decline. - FY2019-Q2MitigatedAnnual report
「This was mainly because the provision for returns declined by ¥36,506 thousand from the end of the previous fiscal year as the return rate improved, and other liabilities declined by ¥35,464 thousand due in part to decreases in consumption tax payable and other items, while corporate taxes payable increased by ¥117,398 thousand as business remained solid.」
The provision for returns declined by ¥36,506 thousand from the end of the previous fiscal year as the return rate improved, and the burden related to returns continued to decline. - FY2018RestatedAnnual report
「To prepare for losses from such returns, we record in the provision for returns the required amount based on current and historical revenue, taking past return performance into account. However, depending on future trends in returns, our business and performance may be affected.」
The company continues to maintain provisions for returns and to identify the risk that future return performance may affect business results. - FY2018-Q3MitigatedAnnual report
「This was mainly because the provision for returns declined by ¥23,946 thousand from the end of the previous fiscal year as the return rate improved, while」
The provision for returns declined as the return rate improved, reducing the burden related to returns. - FY2018-Q2MitigatedAnnual report
「Because the temporary increase in returns of Gate-related books that had occurred in the same period of the previous year did not occur during the cumulative second-quarter period, revenue exceeded that of the same period of the previous year.」
The temporary increase in returns of Gate-related books that had pressured revenue in the same period of the previous year did not occur during the current quarter, reducing the risk of returns. - FY2018-Q1MitigatedAnnual report
「In addition, the exceptional increase in returns of Gate-related books that occurred in the same period of the previous year did not occur during the cumulative first-quarter period, and returns remained stable.」
The exceptional increase in returns of Gate-related books that occurred in the same period of the previous year did not occur during the current quarter, and returns remained stable. - FY2017MitigatedAnnual report
「From the third quarter onward, the convergence of returns of these books, together with strong sales of manga other than Gate, drove publishing business revenue.」
The company explained that the excess returns of Gate-related books had converged from the third quarter onward. - FY2017-Q3MitigatedAnnual report
「During the third-quarter accounting period, returns of Gate-related books had converged, and strong sales of manga other than Gate resulted in record quarterly revenue.」
Returns of Gate-related books, which had pressured revenue in the first and second quarters, converged in the third quarter, while a recovery in sales of manga and other products was reported. - FY2017-Q2RestatedAnnual report
「For books related to Gate, returns exceeded our expectations during the cumulative second-quarter period following the end of the TV anime's broadcast at the end of March 2016. Although the number of returns began to converge from the first quarter, the continued high level of returns during the second quarter put pressure on revenue.」
Returns of Gate-related books that exceeded expectations and emerged in the first quarter continued into the second quarter, putting pressure on revenue. - FY2017-Q1MaterialisedAnnual report
「For books related to Gate, returns exceeded our expectations during the cumulative first-quarter period following the end of the TV anime's broadcast at the end of March 2016.」
Following the end of the TV anime, returns exceeding expectations actually occurred, and the risk of returns materialized. - FY2016First statedAnnual report
「Depending on future trends in returns, our business and performance may be affected.」
The consignment sales system involves accepting returns, and the company records a provision for returns.