Application of the Accounting Standard for Revenue Recognition and Changes to Revenue Recognition for Proprietary Points
First written in FY2023-Q1. 3 of 4 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2023.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「As a result, net sales for the consolidated fiscal year decreased by ¥17.222 million and selling, general and administrative expenses decreased by ¥17.222 million, but there was no impact on operating income, ordinary income or net income attributable to owners of the parent for the consolidated fiscal year.」
As a result of applying the revenue recognition accounting standard, net sales and selling, general and administrative expenses related to the company's own points each decreased by ¥17.222 million, with no impact on profit, the company disclosed. - FY2023-Q3AdvancedAnnual report
「As a result, net sales for the cumulative consolidated third quarter decreased by ¥11 million, while selling, general and administrative expenses also decreased by ¥11 million. There was no impact on operating income, ordinary income or net income attributable to owners of the parent for the cumulative consolidated third quarter.」
The company disclosed that, following the adoption of the revenue recognition accounting standard, cumulative net sales and selling, general and administrative expenses each decreased by a further ¥11 million from the first-half figures, with no impact on profit. - FY2023-Q2AdvancedAnnual report
「As a result, net sales and selling, general and administrative expenses for the first six months of the current consolidated fiscal year each decreased by ¥7.685 million. There was no impact on operating profit, ordinary profit or net income attributable to owners of the parent for the first six months of the current consolidated fiscal year.」
The company disclosed the results of applying the revenue recognition accounting standard to its own points: net sales and selling, general and administrative expenses for the first six months each decreased by ¥7.685 million, with no impact on profit. - FY2023-Q1First statedAnnual report
「The company previously recorded its own points awarded in connection with sales to customers as selling, general and administrative expenses. It now identifies the points as a separate performance obligation from the sale to customers, allocates the consideration received from customers to that performance obligation, and recognizes revenue when customers redeem the points.」
The company adopted the revenue recognition accounting standard from the beginning of the first quarter of the current fiscal year and changed to a method of treating its own points as contract liabilities and recognizing revenue when the points are redeemed. Net sales and selling, general and administrative expenses each decreased by ¥16.419 million, with no impact on operating profit or other profit figures.