Losses Arising from a Labor Dispute at FRONTEO Philippines
First written in FY2021. 1 of 3 entries say "Materialised", first in FY2021. Latest entry: FY2024-Q2.
The whole theme swung hardest in 2021: 4 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified regarding the risk of losses associated with labor disputes at FRONTEO Philippines. - FY2023MitigatedAnnual report
「Reversal of litigation loss provision 25,485」
For the litigation loss provision related to labor disputes and other matters, a reversal of ¥25.485 million was recorded during the fiscal year, reducing the provision balance from ¥84.990 million in the previous fiscal year to ¥21.849 million. - FY2021MaterialisedAnnual report
「At the end of the consolidated fiscal year, a litigation loss provision of ¥68.428 million was recorded at FRONTEO Philippines, Inc., a sub-subsidiary of the company, for labor disputes and other matters related to business reforms implemented in the fiscal year ended March 2018.」
The company recorded a ¥68.428 million litigation loss provision for labor disputes and other matters at FRONTEO Philippines related to past business reforms.