Reducing Rent and Lease Expenses and Improving Earnings Through the Acquisition of Land and Buildings for the Headquarters and Stores
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2022-Q3.
5 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「Current assets decreased by ¥431 million in total from the end of the previous consolidated fiscal year to ¥2,981 million. This was mainly due to an ¥874 million decrease in cash and deposits resulting from the acquisition of the head-office building and other factors.」
Cash and deposits decreased by ¥874 million due to the acquisition of the head-office building and other factors. As in the previous quarter, the impact of the acquisition of the head-office building on the financial condition was confirmed. - FY2022-Q2RestatedAnnual report
「Current assets decreased by ¥1,296 million in total from the end of the previous consolidated fiscal year to ¥2,116 million. This was mainly due to a ¥1,634 million decrease in cash and deposits resulting from the acquisition of the head-office building and other factors.」
Cash and deposits decreased by ¥1,634 million due to the acquisition of the head-office building and other factors. As in the previous quarter, the impact of the measures to reduce rent and utilize assets through the acquisition of the head-office building was reflected in the financial condition. - FY2022-Q1AdvancedAnnual report
「Current assets decreased by ¥1,252 million in total from the end of the previous consolidated fiscal year to ¥2,161 million. This was mainly due to a ¥1,190 million decrease in cash and deposits resulting from the acquisition of the head-office building and other factors. Property, plant and equipment and other non-current assets increased by ¥864 million to ¥8,372 million. This was mainly due to a ¥908 million increase in property, plant and equipment resulting from the acquisition of the head-office building and other factors.」
The acquisition of the head-office building resulted in a ¥1,190 million decrease in cash and deposits and a ¥908 million increase in property, plant and equipment. The impact of the measures to reduce rent and utilize assets through the acquisition was reflected in the financial condition. - FY2021First statedAnnual report
「To generate stable profits, the Company resolved to acquire the property in order to reduce rent for its head office and stores as part of its efforts to cut selling, general and administrative expenses, and to increase revenue through more effective use of the property located in central Nagoya. At a meeting of the Board of Directors held on 9 April 2021, the Company resolved to acquire the land and building and completed the acquisition on 30 April 2021.」
The Company acquired land and a building in Naka Ward, Nagoya, on 30 April 2021 and implemented measures to reduce rent for its head office and stores and increase revenue through asset utilization.