Closure of the Sapucaia Plant in Brazil
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2022.
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- FY2022RestatedAnnual report
「Business structure improvement expenses comprise the following costs related to the closure of the Company's Marugame plant and the plants of its consolidated subsidiaries, as part of structural reform in the Textile Business.」
Costs for removing and relocating equipment associated with the closure of plants, including the Sapucaia plant in Brazil, continued to be recorded. - FY2022-Q1RestatedAnnual report
「Business restructuring costs comprise expenses such as equipment relocation related to the closure of the company's Marugame Plant in connection with structural reform of the textile business and the Sapucaia Plant of its consolidated subsidiary in Brazil.」
Costs including the removal and relocation of equipment associated with the closure of the Sapucaia plant in Brazil continued to be recorded, and structural reform related to the closure remained under way. - FY2020First statedAnnual report
「Following the decision to close the Sapucaia plant, the carrying amount of textile product manufacturing equipment in the state of Rio Grande do Sul, Brazil, was reduced to its recoverable amount (memorandum value), and the resulting decrease was recorded as an impairment loss under extraordinary losses.」
The decision to close the Sapucaia plant in Brazil and the related asset treatment were described for the first time.