Failure to meet sales targets and recognition of allowance for doubtful accounts in the halal food business
First written in FY2016. 2 of 2 entries say "Materialised", first in FY2016. Latest entry: FY2017.
Hayashikane Sangyo moved to the "Worse" side of this theme in 2016, 5 years before the typical company in this theme (2021).
The whole theme swung hardest in 2026: 13 of 34 companies on the "Worse" side.
14 other companies' latest entry also says "Materialised".
- FY2017MaterialisedAnnual report
「The business has not generated earnings since its establishment. Although we had repeatedly considered whether to continue the business, we decided to withdraw because we determined that there was no prospect of improving its performance, and recognized the losses expected to arise from the withdrawal.」
Following the failure to generate earnings from the halal food business, the company decided to withdraw from the business and recognized ¥99 million in provision for business restructuring losses. - FY2016MaterialisedAnnual report
「However, awareness of these products in Malaysia remains insufficient, and sales have continued well below the initial targets. Accordingly, we recognized an allowance for doubtful accounts on receivables, including loans, relating to this business.」
Failure to meet the sales target actually occurred, and ¥136 million in provision for doubtful accounts relating to the halal food business was recognized as an extraordinary loss.