Geocode Adjusts Revenue Recognition Method Starting FY2024

TOKYO, Jul 15 (Pulse News Wire) – Geocode CO.,LTD. (7357.T) announced changes to its revenue recognition method effective from the fiscal year ending February 2024.

Prior to this period, the company included advertising fees plus commissions in its reported sales figures. However, beginning with the fiscal year 2024, only commission income will be recognized as revenue.

Additionally, the company highlighted that its transaction volume has been consistently increasing for 21 consecutive quarters. These adjustments reflect ongoing efforts to align with updated accounting standards and enhance transparency in financial reporting.

Investors should note the shift in how future revenues will be presented moving forward.