Recognition of subsidy income related to the construction of a new plant
First written in FY2019-Q3. 2 of 5 entries say "Restated". Latest entry: FY2022.
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- FY2022DroppedAnnual reportThe subsidy income related to construction of the new plant, which had been mentioned previously, is not specifically addressed in this annual securities report in terms of its recognition or impact.
- FY2021-Q3RestatedAnnual report
「Subsidy income 37,719 2,175」
Subsidy income for the cumulative third quarter amounted to ¥2.175 million, down from ¥37.719 million in the same period of the previous year. The reduced contribution of subsidy income related to construction of the new plant to non-operating income has continued. - FY2020Decline in government grant incomeAnnual report
「This was mainly attributable to a ¥233 million decrease in non-operating income due to lower subsidy income related to construction of the Kakegawa Plant WEST, and a ¥371 million increase in non-operating expenses because impairment losses were recognised at the Chinese affiliate Changding Electronic Materials (Suzhou) Co., Ltd., resulting in higher investment losses under the equity method.」
Subsidy income related to construction of the Kakegawa Plant WEST declined from the previous period, reducing its contribution to non-operating income. - FY2019RestatedAnnual report
「The main factor was the recognition in non-operating income of ¥276 million in subsidy income from Shizuoka Prefecture related to construction of the Kakegawa Plant WEST.」
The company recognised ¥276.52 million in subsidy income related to construction of the Kakegawa Plant WEST in non-operating income for the full fiscal year. - FY2019-Q3First statedAnnual report
「In terms of earnings, the decline in operating income widened as lower sales coincided with higher raw-material costs and a lower sales mix of relatively profitable products. However, non-operating income increased due to the recognition of subsidy income related to construction of a new plant.」
The company recognised subsidy income related to construction of a new plant, resulting in an increase in non-operating income.