Recognition in selling, general and administrative expenses of ancillary construction costs related to the Honjo redevelopment
First written in FY2020-Q2. 1 of 2 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2020-Q3.
0 other companies' latest entry also says "Advanced".
- FY2020-Q3AdvancedAnnual report
「The main factors were the recognition of selling, general and administrative expenses and special losses arising from ancillary construction costs, building demolition costs and other expenses related to the redevelopment plan currently under way for the company-owned commercial facility in Honjo, Saitama Prefecture, as well as the impact of factors such as lower sales in the automotive and musical instrument businesses.」
Ancillary construction costs, building demolition costs and other costs related to the Honjo redevelopment actually arose as selling, general and administrative expenses and special losses and were cited as factors behind the downward revision to the earnings forecast. - FY2020-Q2First statedAnnual report
「The company decided to recognize some ancillary costs related to the construction costs of this project in selling, general and administrative expenses during the current consolidated fiscal year. The costs related to temporary expenditures under this project are not expected to arise from the next fiscal year onward.」
The company stated for the first time its policy of recognizing some ancillary construction costs related to the Honjo redevelopment in selling, general and administrative expenses during the current consolidated fiscal year, and that these costs were not expected to arise from the next fiscal year onward.