Cash Management Response Through Withholding and Deferral of Social Insurance Premium Payments
First written in FY2022-Q2. 1 of 3 entries say "Materialised", first in FY2022-Q2. Latest entry: FY2022.
0 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「To ensure cash management for the time being, we temporarily deferred payment of part of our social insurance premiums and workers' accident compensation insurance premiums. The amount deferred was ¥245.162 million at the end of the current consolidated fiscal year, but payment in full was completed on 22 April 2022.」
The amount deferred had increased to ¥245.162 million at the fiscal year-end, but payment in full was completed on 22 April 2022 by the time of filing, resolving the cash management measures involving payment deferrals. - FY2022-Q3WorsenedAnnual report
「To ensure cash management for the time being, we have also temporarily deferred payment of part of our social insurance premiums and workers' accident compensation insurance premiums. The amount deferred was ¥181.045 million as of the end of the third quarter of the current consolidated fiscal year.」
As a cash management measure, the deferral of social insurance premiums and other payments continues. The amount deferred increased from ¥79.297 million disclosed for the second quarter to ¥181.045 million. - FY2022-Q2MaterialisedAnnual report
「Because cash receipts from sales declined more than expected due to the state of emergency in August and the prolonged rainy season, our group consulted the relevant pension office to prevent cash outflows at the end of September. We plan to defer payment of ¥79.297 million in social insurance premiums due on 30 September 2021 and apply for a postponement of social insurance premium payments.」
Against the backdrop of a greater-than-expected decline in cash receipts from sales, the company plans to defer payment of ¥79.297 million in social insurance premiums and apply for a payment postponement to limit cash outflows. This is a new disclosure showing that cash management measures have actually been implemented.