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Ifuji Sangyo (2924) · FactRecognition of expropriation compensation as extraordinary income for the full year

Receipt of ¥205 million in expropriation compensation

First written in FY2022-Q2. . Latest entry: FY2024.

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ProgressHeldSoftenedWorseOtherFY2022-Q2 – FY20242021: 120212022: 020222023: 020232024: 22024
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Recognition of Compensation IncomeA theme 89 companies write about · 0 as a headwind · 92 as a tailwind

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  1. FY2024Recognition of expropriation compensation as extraordinary income for the full yearAnnual report

    「The company mainly recognized ¥207 million in expropriation compensation associated with the expropriation of part of its land in Nara City as extraordinary income.」

    ¥207 million in expropriation compensation associated with the expropriation of land in Nara City was recognized as extraordinary income for the full year.
  2. FY2024-Q3Recognition of expropriation compensation as extraordinary incomeAnnual report

    「The proceeds from the sale of land and compensation for the relocation of properties resulting from expropriation accompanying the redevelopment of National Route 24 (Yamato-Kita Road) have been recognized as extraordinary income under “expropriation compensation.”」

    ¥207 million in proceeds from the sale of land and compensation for the relocation of properties associated with the expropriation of company-owned land was recognized as extraordinary income.
  3. FY2022-Q2First statedAnnual report

    「This was mainly due to an increase in funds from the recognition of ¥672 million in income before income taxes, ¥178 million in depreciation, a ¥33 million increase in trade payables, and receipt of ¥205 million in expropriation compensation, among other factors, while funds decreased due to a ¥454 million increase in inventories, a ¥178 million increase in trade receivables, payment of ¥239 million in income taxes, and other factors.」

    The receipt of ¥205 million in expropriation compensation was newly disclosed as a factor increasing cash flow from operating activities.
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