Meiji Electric Industries (3388) · FactThird-quarter grant income not recorded
Grant Income from Forgiveness of U.S. Subsidiary's PPP Loan
First written in FY2022-Q2. . Latest entry: FY2024-Q3.
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Recognition of Gain on Forgiveness of U.S. PPP LoanA theme 16 companies write about · 0 as a headwind · 16 as a tailwind
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Showing 14 of the 16 companies compared. The sentences above are computed from all 16.Full recordFilings, disclosures and news, newest first
- FY2024-Q3Third-quarter grant income not recordedAnnual report
「Grant income 9,912 －」
No grant income related to forgiveness of the U.S. subsidiary’s PPP loan debt was recorded in the cumulative third-quarter period, down from ¥9,912 thousand in the same period of the previous year. - FY2024-Q2Second-quarter grant income not recordedAnnual report
「Grant income 4,000 －」
No grant income was recorded in the cumulative second-quarter period, down from ¥4,000 thousand in the same period of the previous year. - FY2023Update to full-year grant incomeAnnual report
「Grant income 115,658 9,912」
Grant income related to forgiveness of the U.S. subsidiary’s PPP loan debt was ¥9,912 thousand in the consolidated fiscal year, down from ¥115,658 thousand in the same period of the previous year. - FY2023-Q3Update to third-quarter grant incomeAnnual report
「Grant income 114,300 9,912」
Grant income related to forgiveness of the U.S. subsidiary’s PPP loan debt was ¥9,912 thousand in the cumulative third-quarter period, down from ¥114,300 thousand in the same period of the previous year. - FY2023-Q2Update to second-quarter grant incomeAnnual report
「Grant income 113,538 4,000」
Grant income related to forgiveness of the U.S. subsidiary’s PPP loan debt was ¥4,000 thousand in the cumulative second-quarter period, down from ¥113,538 thousand in the same period of the previous year. - FY2022Update to full-year grant incomeAnnual report
「Grant income 23,002 115,658」
The company recorded ¥115,658 thousand in grant income related to forgiveness of the U.S. subsidiary’s PPP loan debt during the consolidated fiscal year. - FY2022-Q3Update to grant incomeAnnual report
「Grant income 10,553 114,300」
The company recorded ¥114,300 thousand in grant income related to forgiveness of the U.S. subsidiary’s PPP loan debt during the cumulative third-quarter period. - FY2022-Q2First statedAnnual report
「MEIJI CORPORATION, a consolidated subsidiary of the company, applied for and borrowed under the Paycheck Protection Program loan, a U.S. employment-protection program related to COVID-19. Repayment was forgiven because the loan proceeds were used to pay employee wages and other costs for employment protection, which was a condition for forgiveness of the debt.」
The PPP loan used by the U.S. subsidiary was forgiven because the proceeds were used for wages and other expenses aimed at protecting employment, and grant income of ¥113,538 thousand was recorded.