Participation in the Emergency Program for Diversifying Seafood Sales Channels
First written in FY2022-Q2. 2 of 3 entries say "Restated". Latest entry: FY2022.
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- FY2022RestatedAnnual report
「The Company also participated in the Ministry of Agriculture, Forestry and Fisheries’ FY2020 Emergency Program for Diversifying Sales Channels for Domestic Agricultural, Forestry and Fishery Products (Establishing Diverse Sales Channels through Ingenuity) and other programs. As a result of recording eligible expenses to diversify sales activities for aquatic products that had lost sales channels due to the impact of COVID-19 and other factors, the Company recorded an operating loss of ¥52 million (operating profit of ¥150 million in the same period of the previous year). Subsidy income from this program and others of ¥326 million was recorded in non-operating income.」
Participation in the emergency program to diversify sales channels for aquatic products, together with the recording of eligible expenses and subsidy income, was confirmed for the full year. - FY2022-Q3RestatedAnnual report
「The Company also participated in the Ministry of Agriculture, Forestry and Fisheries’ FY2020 Emergency Program for Diversifying Sales Channels for Domestic Agricultural, Forestry and Fishery Products (Establishing Diverse Sales Channels through Ingenuity), for which it solicited applications. As a result of recording eligible expenses to diversify sales activities for aquatic products that had lost sales channels due to the impact of COVID-19 and other factors, the Company recorded an operating loss of ¥79 million (operating profit of ¥233 million in the same period of the previous year). Subsidy income from this program of ¥304 million was recorded in non-operating income.」
The Company continued to participate in the emergency program to diversify sales channels for aquatic products, recording eligible expenses and subsidy income of ¥304 million for the cumulative third quarter. - FY2022-Q2First statedAnnual report
「The Company also participated in the Ministry of Agriculture, Forestry and Fisheries’ FY2020 Emergency Program for Diversifying Sales Channels for Domestic Agricultural, Forestry and Fishery Products (Establishing Diverse Sales Channels through Ingenuity), for which it solicited applications. As a result of recording eligible expenses to diversify sales activities for aquatic products that had lost sales channels due to the impact of COVID-19 and other factors, the Company recorded an operating loss of ¥164 million (operating profit of ¥81 million in the same period of the previous year). Subsidy income from this program of ¥246 million was recorded in non-operating income.」
For aquatic products that lost sales channels due to COVID-19, the Company is mentioning for the first time its participation in the Ministry of Agriculture, Forestry and Fisheries’ FY2020 emergency program to diversify sales channels, and the recording of expenses related to diversifying sales activities and subsidy income.