Recognition of losses related to COVID-19 and employment retention support subsidies
First written in FY2021-Q1. . Latest entry: FY2024.
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- FY2024No subsidies or COVID-19-related losses recognized for the full yearAnnual report
「Current consolidated fiscal year (1 April 2023 to 31 March 2024) There are no applicable matters.」
In the current year, subsidy income such as the Foreign Worker Levy Rebate and COVID-19-related losses recognized in the previous year were not recognized as separate line items. - FY2024-Q3No separate recognition of subsidies or COVID-19-related lossesAnnual report
「Subsidy income 9 —」
The ¥9 million in subsidy income recognized in the same period of the previous year was not recognized in the current nine-month period. COVID-19-related losses are also not presented as a separate line item in the income statement. - FY2024-Q1No subsidies or COVID-19-related losses recognizedAnnual report
「Subsidy income 8 -」
The ¥8 million in subsidy income recognized in the same period of the previous year was not recognized in the current first six-month period. The income statement for the current quarter also contains no separate disclosure of COVID-19-related losses. - FY2023Lower subsidies; no COVID-19-related lossesAnnual report
「Although the disruption to business activities caused by COVID-19 has ended in Singapore, some government support measures for companies remain in place. The company recognized subsidies paid under the Foreign Worker Levy Rebate.」
Subsidy income for the year was ¥8 million, down from ¥56 million in the previous year. No COVID-19-related losses were recognized in the current year. - FY2023-Q3Lower subsidies; no COVID-19-related lossesAnnual report
「Although the disruption to business activities caused by COVID-19 has ended in Singapore, some government support measures for companies remain in place. The company recognized subsidies paid under the Foreign Worker Levy Rebate.」
For the nine-month period, the company recognized ¥9 million in subsidies under Singapore’s Foreign Worker Levy Rebate. No COVID-19-related losses were recognized for the period. - FY2023-Q2Continued recognition of subsidies; no COVID-19-related lossesAnnual report
「Although the disruption to business activities caused by COVID-19 has ended in Singapore, some government support measures for companies remain in place. The company recognized subsidies paid under the Foreign Worker Levy Rebate.」
For the six-month period, the company recognized ¥8 million in subsidies under Singapore’s Foreign Worker Levy Rebate. No COVID-19-related losses were recognized in the current quarter. - FY2022Recognition of subsidies and COVID-19-related losses for the full yearAnnual report
「In Singapore, Malaysia and Thailand, the company recognized subsidies paid under employment retention support measures and other measures provided by the governments of the respective countries to companies affected by COVID-19.」
For the full year, the company recognized ¥56 million in subsidy income under government support measures. COVID-19-related losses totaled ¥95 million and were reported as closure costs for a Malaysian subsidiary. - FY2022-Q3Additional recognition of subsidies and COVID-19-related lossesAnnual report
「Nine-month consolidated period (1 April 2021 to 31 December 2021) In Singapore, Malaysia and Thailand, the company recognized subsidies paid under employment retention support measures and other measures provided by the governments of the respective countries to companies affected by COVID-19.」
For the nine-month period, the company recognized ¥48 million in subsidy income and ¥100 million in COVID-19-related losses. It states that Singapore, Malaysia and Thailand were the countries covered by the subsidies, while Malaysia and Vietnam were subject to closures. - FY2022-Q2Continued recognition of subsidies and COVID-19-related lossesAnnual report
「Six-month consolidated period (1 April 2021 to 30 September 2021) In Singapore, Malaysia and Thailand, the company recognized subsidies paid under employment support measures and other measures provided by the governments of the respective countries to companies affected by COVID-19. Because the worksites and offices of the consolidated subsidiaries ナカノコンストラクションSDN.BHD. and ナカノベトナムCO.,LTD. had been closed at the request of the governments and other authorities of Malaysia and Vietnam to prevent the spread of COVID-19, the company recognized fixed costs incurred during the closure period and costs associated with the closure.」
For the six-month period, the company recognized ¥37 million in subsidy income and ¥94 million in COVID-19-related losses. It states that Singapore, Malaysia and Thailand were the countries covered by the subsidies, while Malaysia and Vietnam were subject to closures. - FY2022-Q1Continued recognition of quarterly subsidiesAnnual report
「In Singapore and Malaysia, the company recognized subsidies paid under the employment retention support measures provided by the governments of both countries to companies affected by COVID-19: the Employment Support Scheme (JSS) in Singapore and the Wage Subsidy Programme (PSU) in Malaysia.」
In the first quarter, the company recognized ¥21 million in subsidy income under the government’s employment retention support measures. The ¥375 million in COVID-19-related losses recognized in the same period of the previous year was not recognized in the current quarter. - FY2021Recognition of subsidies and COVID-19-related losses for the full yearAnnual report
「The company recognized subsidies paid under the employment retention support measures provided by the governments of Singapore and Malaysia to companies affected by COVID-19: the Employment Support Scheme (JSS) in Singapore and the Wage Subsidy Programme (PSU) in Malaysia.」
For the full year, the company recognized ¥467 million in subsidy income under government support measures and ¥698 million in COVID-19-related losses. - FY2021-Q3Additional recognition of subsidies and COVID-19-related lossesAnnual report
「The company recognized subsidies paid under the employment retention support measures provided by the governments of Singapore and Malaysia to companies affected by COVID-19: the Employment Support Scheme (JSS) in Singapore and the Wage Subsidy Programme (PSU) in Malaysia. Because the worksites and offices of the consolidated subsidiaries ナカノシンガポール(PTE.)LTD. and ナカノコンストラクションSDN.BHD. had been closed at the request of the governments and other authorities of Singapore and Malaysia to prevent the spread of COVID-19, the company recognized fixed costs incurred during the closure period and costs associated with the closure.」
For the nine-month period, the company recognized ¥420 million in subsidy income under government support measures and ¥664 million in COVID-19-related losses. - FY2021-Q2Additional recognition of subsidies and COVID-19-related lossesAnnual report
「The company recognized subsidies paid under the employment retention support measures provided by the governments of Singapore and Malaysia to companies affected by COVID-19: the Employment Support Scheme (JSS) in Singapore and the Wage Subsidy Programme (PSU) in Malaysia. Because the worksites and offices of the consolidated subsidiaries ナカノシンガポール(PTE.)LTD. and ナカノコンストラクションSDN.BHD. had been closed at the request of the governments and other authorities of Singapore and Malaysia to prevent the spread of COVID-19, the company recognized fixed costs incurred during the closure period and costs associated with the closure.」
For the six-month period, the company recognized ¥363 million in subsidy income under government support measures in Singapore and Malaysia and ¥602 million in COVID-19-related losses. - FY2021-Q1First statedAnnual report
「Due to the impact of the spread of COVID-19 in Singapore, the worksite and offices of the consolidated subsidiary ナカノシンガポール(PTE.)LTD. were closed at the request of the government and other authorities. The company recognized subsidies paid under the government’s employment retention support measure, the Employment Support Scheme (JSS), for the period during which the worksite and other facilities were closed. To prevent the spread of COVID-19, some overseas consolidated subsidiaries were closed at the request of the governments and other authorities of the respective countries. Fixed costs incurred during the closure period and costs associated with the closure were recognized.」
In the first quarter, the company recognized ¥107 million in subsidy income under the Employment Support Scheme and ¥375 million in COVID-19-related losses.