Recognition of Head Office Relocation Costs
First written in FY2023-Q1. 2 of 5 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
7 other companies' latest entry also says "Other".
- FY2024-Q2Disappearance of one-off expensesAnnual report
「In terms of earnings, in addition to the favorable impact of the key raw material prices that surged last year turning lower, the absence of one-off expenses associated with relocating the head office resulted in an ordinary loss of ¥55 million for the six months ended the second quarter, compared with a loss of ¥198 million in the same period of the previous year, and a quarterly net loss of ¥48 million, compared with a loss of ¥151 million.」
The company explains that the one-off expenses associated with relocating its head office, which had been identified as a factor affecting results in the previous fiscal year, were no longer incurred during the cumulative second quarter period. - FY2023RestatedAnnual report
「The company relocated its head office in July 2022 and consolidated the office onto a single floor.」
The head office relocation was completed, and one-off relocation-related expenses were recorded in profit or loss for the full year. - FY2023-Q3RestatedAnnual report
「In terms of earnings, the impact of surging key raw material and energy costs and one-off expenses associated with relocating the head office resulted in ordinary profit of ¥239 million for the nine months ended the third quarter, compared with ¥481 million in the same period of the previous year, and quarterly net income of ¥154 million, compared with ¥321 million.」
One-off expenses associated with relocating the head office continued to be identified as a factor affecting results for the cumulative third quarter period. - FY2023-Q2AdvancedAnnual report
「In terms of earnings, in addition to the business characteristic of sales being concentrated in the third- and fourth-quarter accounting periods, the impact of surging key raw material and energy costs and one-off expenses associated with relocating the head office resulted in an ordinary loss of ¥198 million for the six months ended the second quarter, compared with ordinary profit of ¥41 million in the same period of the previous year, and a quarterly net loss of ¥151 million, compared with net income of ¥19 million.」
The company explains that one-off expenses associated with relocating its head office continued to be recorded as a factor affecting results for the cumulative second quarter period, resulting in a shift from profit in the year-earlier period to ordinary loss and net loss. - FY2023-Q1First statedAnnual report
「In terms of profit and loss, in addition to the business characteristic of net sales being concentrated in the third and fourth quarters, the company recorded higher costs for key raw materials and energy and expenses related to relocating its head office,」
The company has for the first time explicitly identified expenses related to relocating its head office as one of the factors behind the first-quarter loss.