Compensation income from head-office relocation, relocation expenses and capital investment
First written in FY2024-Q2. 2 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2018: 1 of 9 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Net income was ¥136 million, up 0.2% year on year, due to compensation income received upon vacating the former head office building.」
Compensation income related to the head office relocation was also reflected for the full year as a factor boosting FY2024 net income. - FY2024-Q3RestatedAnnual report
「Quarterly net income increased year on year due to compensation income received upon vacating the former head office.」
Compensation income related to the head office relocation continued to be reflected as a factor boosting cumulative quarterly net income through the third quarter. - FY2024-Q2First statedAnnual report
「Quarterly net income was ¥110 million, up 35.6% year on year, due to compensation income received upon vacating the former head office and various expenses incurred upon moving into the new head office. This was mainly attributable to an increase in property, plant and equipment and other assets related to the head office relocation. Cash used in investing activities was ¥50 million, compared with ¥0 million used in the same quarter of the previous year. This was mainly due to expenditures for the acquisition of property, plant and equipment related to the head office relocation.」
In connection with the head office relocation, the company recognized relocation compensation of ¥59.480 million as extraordinary income and head office relocation costs of ¥22.923 million as an extraordinary loss. Expenditures of ¥41.366 million for the acquisition of property, plant and equipment and ¥8.470 million for the acquisition of intangible assets were incurred, and fixed assets increased from ¥119.935 million at the end of the previous fiscal year to ¥168.271 million.