Recognition of a Provision for Loss on Transfer of Shares in 八洲電子ソリューションズ
First written in FY2020-Q3. . Latest entry: FY2021-Q1.
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- FY2021-Q1Provision extinguished; no transfer gain or lossAnnual report
「Because the estimated loss arising from the share transfer was recognized as a provision for loss on sale of shares in an affiliated company in the previous consolidated fiscal year, no transfer gain or loss arose during the cumulative first-quarter period of the fiscal year.」
Because of the provision for loss on sale of shares in an affiliated company recognized in the previous fiscal year, no transfer gain or loss related to the sale of 八洲電子ソリューションズ arose during the quarter, and the provision balance on the balance sheet also fell to zero. - FY2020Full-year recognition of the transfer lossAnnual report
「Net income attributable to owners of the parent was ¥1.394 billion, down 24.1% year on year, due to the recognition of ¥444 million in extraordinary losses related to the sale of shares in 八洲電子ソリューションズ.」
Following recognition of the estimated amount in the third quarter, the ¥444 million loss related to the transfer of 八洲電子ソリューションズ was recognized as a full-year extraordinary loss. - FY2020-Q3First statedAnnual report
「During the nine-month cumulative period of the fiscal year, the company recognized ¥450 million as an extraordinary loss, representing the provision for loss on sale of shares in an affiliated company, based on the estimated loss on the sale of shares.」
In connection with the share transfer agreement for 八洲電子ソリューションズ, the expected transfer loss of ¥450 million was recognized as an extraordinary loss under provision for loss on sale of shares in an affiliated company.