GREE Holdings (3632) · RiskMaterialised
Penalties and other costs arising from the withdrawal of the head office relocation application
First written in FY2021-Q1. 1 of 2 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2021-Q2.
2entries
2years
0from disclosures
How it moved
Same theme, other companies
Recognition of Contract-Breach LossesA theme 11 companies write about · 12 as a headwind · 0 as a tailwind
GREE Holdings moved to the "Worse" side of this theme in 2021, 5 years before the typical company in this theme (2026).
1 other company's latest entry also says "Materialised".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
- FY2021-Q2MaterialisedAnnual report
「Penalty fee 230」
The previous quarter’s disclosure stated that losses including a penalty fee of ¥705 million were expected to arise. During the cumulative second-quarter consolidated accounting period, a penalty fee of ¥230 million was recorded as an extraordinary loss. However, this report does not state that the full ¥705 million had arisen. - FY2021-Q1First statedAnnual report
「As a result of this resolution, the application for the office to which the company had originally planned to relocate will be withdrawn, and losses including a penalty fee of ¥705 million are expected to arise during the second-quarter consolidated accounting period.」
The withdrawal of the application for the original office following the change in the head office relocation policy was disclosed for the first time as a quantified risk, with losses including a penalty fee of ¥705 million expected to arise during the second-quarter consolidated accounting period. As of the filing date, the loss was expected to arise in the future and was not stated to have already occurred.