Dissolution and Liquidation of the Philippine Subsidiary
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2025.
The whole theme swung hardest in 2024: 2 of 11 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company has 1 non-consolidated subsidiary, but has omitted disclosure because it is not material.」
The company continues to have 1 non-consolidated subsidiary in connection with the liquidation proceedings for its Philippine subsidiary. - FY2022-Q1AdvancedAnnual report
「As Lamon Bay Furniture Corp., an overseas subsidiary undergoing dissolution and liquidation, had become less material, it was excluded from the scope of consolidation, and the company switched to non-consolidated accounting from the first quarter of the 63rd fiscal year.」
While liquidation proceedings for Lamon Bay Furniture Corp. continued, the company excluded it from the scope of consolidation because it had become less material and switched to non-consolidated accounting from the first quarter of the 63rd fiscal year. - FY2020AdvancedAnnual report
「The subsidiary was undergoing liquidation as of 31 January 2020.」
The dissolution and liquidation of Lamon Bay Furniture Corp., decided in the previous fiscal year, was still in progress at the end of the current fiscal year. - FY2019First statedAnnual report
「In addition to recording impairment losses related to stores, the Company recorded a loss on business restructuring associated with its decision to dissolve and liquidate an overseas subsidiary.」
The company decided to dissolve and liquidate an overseas subsidiary and recognized a loss on business reorganization of ¥137.678 million in connection with the decision.