OOTOYA Holdings (2705) · FactDecrease in overseas COVID-related grants recognized
Recognition of PPP Loan Assistance for a U.S. Subsidiary
First written in FY2022-Q2. 1 of 4 entries say "Restated". Latest entry: FY2023-Q3.
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Recognition of Gain on Forgiveness of U.S. PPP LoanA theme 18 companies write about · 0 as a headwind · 18 as a tailwind
7 other companies' latest entry also says "Other".
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Showing 14 of the 18 companies compared. The sentences above are computed from all 18.Full recordFilings, disclosures and news, newest first
- FY2023-Q3Decrease in overseas COVID-related grants recognizedAnnual report
「Other COVID-19-related grants (overseas) ¥224 million ¥38 million」
Overseas COVID-19-related grants decreased from ¥224 million in the same period of the previous year to ¥38 million for the cumulative nine months of the current fiscal year, changing the company’s dependence on grant income. - FY2022RestatedAnnual report
「Other COVID-19-related grants (overseas): ¥232 million」
The company recognized grant income, including ¥232 million in overseas COVID-19-related grants, as extraordinary income. - FY2022-Q3Recognition of overseas COVID-19-related grants as extraordinary incomeAnnual report
「Other COVID-19-related grants (overseas): ¥224.291 million」
Extraordinary income for the cumulative nine months of the current consolidated fiscal year included ¥224.291 million in overseas COVID-19-related grants. Although the text does not explicitly state that these were the same grants as the PPP loan described in the previous quarter, disclosure progressed from a policy of recognizing the support funds to reporting the actual amount recognized. - FY2022-Q2First statedAnnual report
「As a decision regarding the support funds was made on 22 October 2021, the company plans to recognize the US$1,695,617 in long-term borrowings, approximately ¥189 million, as extraordinary income in the following quarter or later.」
The company stated that a decision regarding support funds for the US$1,695,617 PPP loan used by its U.S. subsidiary AMERICA OOTOYA INC. was made on 22 October 2021, and that it planned to recognize the amount as extraordinary income in the following quarter or later.