Continued losses at the Dalian subsidiary and impairment loss
First written in FY2016. 2 of 4 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2018.
The whole theme swung hardest in 2019: 7 of 14 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2018MitigatedAnnual report
「During the current consolidated fiscal year, the equity investment in Dalian Oishi Packaging Co., Ltd., which had been a consolidated subsidiary, was sold, and the company was excluded from the scope of consolidation.」
The sale of the equity investment in Dalian Oishi Packaging Co., Ltd. and its exclusion from the scope of consolidation were confirmed in the full-year corporate history and scope of consolidation, reducing the consolidated exposure to its continued losses. - FY2018-Q3RestatedAnnual report
「During the second quarter consolidated accounting period, the equity investment in Dalian Oishi Packaging Co., Ltd., which had been a consolidated subsidiary, was sold, and the company was excluded from the scope of consolidation.」
The sale of Dalian Oishi Packaging Co., Ltd. and its exclusion from the scope of consolidation continue to be confirmed in the quarterly report for the period. - FY2018-Q2MitigatedAnnual report
「During the second quarter consolidated accounting period, the equity investment in Dalian Oishi Packaging Co., Ltd., which had been a consolidated subsidiary, was sold, and the company was excluded from the scope of consolidation. Loss on sale of investment in an affiliated company: ¥19.468 million」
The equity investment in Dalian Oishi Packaging Co., Ltd. was sold and the company was excluded from the scope of consolidation, reducing the ongoing consolidated exposure to the company. Meanwhile, a loss on sale of the equity investment of ¥19.468 million was recognized, resulting in a loss. - FY2016MaterialisedAnnual report
「Because Dalian Oishi Packaging Co., Ltd. has continued to generate negative profit from operating activities, its carrying amount was reduced to its recoverable amount, and the reduction for the current period was recognized as an impairment loss under extraordinary losses.」
Continued losses at the Dalian subsidiary materialized, and an impairment loss of ¥41.942 million was recognized.