Accrete (4395) · RiskMitigated
Risk of losses from an additional purchase claim under the Xoxzo shareholders' agreement
First written in FY2023. 1 of 3 entries say "Materialised", first in FY2023. Latest entry: FY2024.
3entries
2years
0from disclosures
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Contract loss provision for additional acquisitions under a shareholders’ agreementA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2024MitigatedAnnual report
「Provision for contract losses No applicable matter.」
The provision for contract losses under the Xoxzo shareholders' agreement was ¥50 million in the previous fiscal year and was not recorded in the current fiscal year. - FY2024-H1Elimination of provision for contract lossesAnnual report
「Provision for contract losses 50,616 —」
The provision for contract losses decreased from ¥50 million at the end of the previous consolidated fiscal year to nil at the end of June 2024. - FY2023MaterialisedAnnual report
「This represents the estimated future loss to be incurred if an additional purchase of shares is claimed from the Group under the shareholders' agreement entered into between the Group and the shareholders of 株式会社Ｘｏｘｚｏ.」
In preparation for an additional purchase claim under the Xoxzo shareholders' agreement, the Group recognised a provision for contract losses of ¥50 million as the estimated future loss.