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TORIDOLL Holdings (3397) · FactSharp decline in recognized government subsidies

Revenue recognition for government subsidies related to COVID-19

First written in FY2021-Q2. . Latest entry: FY2024.

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ProgressHeldSoftenedWorseOtherFY2021-Q2 – FY20242020: 12021: 420212022: 420222023: 320232024: 22024
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Recognition and decline of COVID-19-related government subsidies as operating revenueA theme 2 companies write about · 0 as a headwind · 2 as a tailwind

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  1. FY2024Sharp decline in recognized government subsidiesAnnual report

    「The company recorded ¥4,403 million in government subsidies, including subsidies for shortened operating hours related to COVID-19, in the previous fiscal year, compared with only ¥42 million in the current fiscal year.」

    Recognized government subsidies fell sharply from ¥4,403 million in the previous fiscal year to ¥42 million in the current fiscal year.
  2. FY2024-Q3Continued sharp decline in recognized government subsidiesAnnual report

    「The company recorded ¥4,173 million in government subsidies, including subsidies for shortened operating hours related to COVID-19, in the same period of the previous fiscal year, compared with only ¥12 million in the nine-month period ended December 31 of the current fiscal year. As a result, other operating income declined by ¥4,052 million year on year, but this was largely offset by a significant increase in business profit.」

    The company states that recognized government subsidies declined from ¥4,173 million in the same period of the previous fiscal year to ¥12 million, reducing other operating income, while the increase in business profit largely offset the impact.
  3. FY2024-Q2Sharp decline in recognized government subsidiesAnnual report

    「The company recorded ¥3,831 million in government subsidies, including subsidies for shortened operating hours related to COVID-19, in the same period of the previous fiscal year, compared with only ¥4 million in the six-month period ended September 30 of the current fiscal year. As a result, other operating income declined by ¥3.7 billion year on year, but this was largely offset by a significant increase in business profit.」

    The company states that recognized government subsidies declined from ¥3,831 million in the same period of the previous fiscal year to ¥4 million, reducing other operating income, while the increase in business profit largely offset the impact.
  4. FY2024-Q1Sharp decline in recognized government subsidiesAnnual report

    「Meanwhile, the company recorded ¥2,517 million in government subsidies, including subsidies for shortened operating hours related to COVID-19, in the same period of the previous fiscal year, compared with only ¥4 million in the three-month period ended June 30 of the current fiscal year. As a result, other operating income declined by ¥2,525 million year on year.」

    Recognized government subsidies declined from ¥2,517 million in the same period of the previous fiscal year to ¥4 million, resulting in a ¥2,525 million year-on-year decline in other operating income.
  5. FY2023-Q3Decrease in recognized government subsidiesAnnual report

    「The company recorded ¥8,985 million in government subsidies, including subsidies for shortened operating hours related to COVID-19, in the same period of the previous fiscal year, compared with only ¥4,173 million in the nine-month period ended December 31 of the current fiscal year. As a result, other operating income declined by ¥6,546 million year on year.」

    Recognized government subsidies declined from ¥8,985 million in the same period of the previous fiscal year to ¥4,173 million, resulting in a ¥6,546 million year-on-year decline in other operating income.
  6. FY2023-Q2Decrease in recognized government subsidiesAnnual report

    「During the six-month periods ended September 30 of the previous and current fiscal years, government subsidies recognized in other operating income amounted to ¥3,965 million and ¥3,831 million, respectively.」

    Government subsidies recognized in other operating income declined from ¥3,965 million in the same period of the previous fiscal year to ¥3,831 million for the six-month period ended September 30.
  7. FY2023-Q1Slight increase in recognized government subsidiesAnnual report

    「During the three-month periods ended June 30 of the previous and current fiscal years, government subsidies recognized in other operating income amounted to ¥2,500 million and ¥2,517 million, respectively.」

    Government subsidies recognized in other operating income increased from ¥2.5 billion in the same period of the previous fiscal year to ¥2,517 million in the current quarter.
  8. FY2022Significant increase in recognized government subsidiesAnnual report

    「The company received ¥12,866 million in government subsidies, including subsidies for shortened operating hours related to COVID-19.」

    Government subsidies recognized as other operating income increased from ¥3,240 million in the previous fiscal year to ¥12,866 million.
  9. FY2022-Q3Increase in recognized government subsidiesAnnual report

    「During the nine-month periods ended December 31 of the previous and current fiscal years, government subsidies recognized in other operating income amounted to ¥2,606 million and ¥8,985 million, respectively.」

    Government subsidies recognized as other operating income amounted to ¥8,985 million for the nine-month period ended December 31, up from ¥2,606 million in the same period of the previous fiscal year.
  10. FY2022-Q2Increase in recognized government subsidiesAnnual report

    「During the six-month periods ended September 30 of the previous and current fiscal years, government subsidies recognized in other operating income amounted to ¥2,073 million and ¥3,965 million, respectively.」

    Government subsidies recognized as other operating income amounted to ¥3,965 million for the six-month period ended September 30, up from ¥2,073 million in the same period of the previous fiscal year.
  11. FY2022-Q1¥2.5 billion in government subsidies recognized in the first quarterAnnual report

    「During the three-month periods ended June 30 of the previous and current fiscal years, government subsidies recognized in other operating income amounted to ¥1,325 million and ¥2,500 million, respectively.」

    Government subsidies recognized as other operating income amounted to ¥2.5 billion for the three-month period ended June 30, up from ¥1.325 billion in the same period of the previous fiscal year.
  12. FY2021Increase in recognized government subsidiesAnnual report

    「Government subsidies amounted to ¥3,240 million.」

    For the full fiscal year, the company recognized ¥3,240 million in government subsidies, apparently related to COVID-19, as other operating income.
  13. FY2021-Q3Increase in recognized government subsidiesAnnual report

    「During the nine-month period ended December 31, government subsidies recognized in other operating income amounted to ¥2,606 million.」

    The company recognized ¥2,606 million in government subsidies related to COVID-19 as other operating income. This was an increase from the ¥2,073 million recognized for the six-month period ended September 30.
  14. FY2021-Q2First statedAnnual report

    「During the six-month period ended September 30, government subsidies recognized in other operating income amounted to ¥2,073 million.」

    This is the first record of ¥2,073 million in government subsidies being recognized as other operating income during the COVID-19 pandemic.
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