Dissolution and liquidation of 紀州興発株式会社 and transfer of leased fixed assets
First written in FY2021-Q2. 1 of 2 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2021-Q3.
The whole theme swung hardest in 2017: 2 of 13 companies on the "Worse" side.
4 other companies' latest entry also says "Advanced".
- FY2021-Q3AdvancedAnnual report
「Business structure improvement costs 792. The Company resolved to dissolve and liquidate its consolidated subsidiary 紀州興発株式会社 and transfer the fixed assets that the Company leases to it. The related costs comprise 紀州興発株式会社’s special retirement allowances, as well as impairment losses and removal costs related to the fixed assets of the Company and the subsidiary.」
In connection with the dissolution and liquidation of 紀州興発株式会社 and the transfer of the fixed assets leased to it, the Company recorded ¥792 million in business structure improvement costs as an extraordinary loss. - FY2021-Q2First statedAnnual report
「We resolved to dissolve and liquidate our consolidated subsidiary Kishu Kōhatsu Co., Ltd. and to sell the fixed assets that we lease to the company. These costs include Kishu Kōhatsu’s special retirement payments and impairment losses and removal costs relating to fixed assets held by us.」
The company resolved to dissolve and liquidate Kishu Kōhatsu and sell leased fixed assets, recognizing ¥799 million in business-structure improvement costs.