Warabeya Nichiyo Holdings (2918) · FactUpdate to the full-year amount of debt forgiveness gain recognized
Gain on Forgiveness of U.S. Subsidiary’s PPP Loan
First written in FY2022-Q2. . Latest entry: FY2022.
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Recognition of Gain on Forgiveness of U.S. PPP LoanA theme 16 companies write about · 0 as a headwind · 16 as a tailwind
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Showing 14 of the 16 companies compared. The sentences above are computed from all 16.Full recordFilings, disclosures and news, newest first
- FY2022Update to the full-year amount of debt forgiveness gain recognizedAnnual report
「The debt forgiveness gain amounted to ¥326 million.」
Repayment of the PPP loans at the two U.S. subsidiaries was forgiven because the funds were used for employee wages and other costs intended to protect employment, and the full-year debt forgiveness gain recognized amounted to ¥326 million. - FY2022-Q3Update to the amount of debt forgiveness gain recognizedAnnual report
「Debt forgiveness gain 317」
Repayment of the PPP loans at the two U.S. subsidiaries was forgiven because the funds were used for employee wages and other costs intended to protect employment. The debt forgiveness gain recognized amounted to ¥317 million. - FY2022-Q2First statedAnnual report
「The company's consolidated subsidiaries WARABEYA U.S.A.,INC. and WARABEYA TEXAS,INC. applied for and borrowed under the U.S. Paycheck Protection Program, an employment protection program related to COVID-19. Repayment was forgiven because the funds were used to pay employee wages and other costs for employment protection, which was a condition for debt forgiveness.」
Repayment of the PPP loans at the two U.S. subsidiaries was forgiven because the funds were used for employee wages and other costs intended to protect employment, and a debt forgiveness gain of ¥313 million was recorded as non-operating income.