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Park24 (4666) · FactNone recorded in the current fiscal year

Lease-related losses arising from the termination and contract modifications of unprofitable parking facilities in the UK

First written in FY2022-Q1. . Latest entry: FY2023.

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ProgressHeldSoftenedWorseOtherFY2022-Q1 – FY20232022: 320222023: 020232024: 1
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Recognition of Loss on Lease TerminationA theme 26 companies write about · 26 as a headwind · 0 as a tailwind

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  1. FY2023None recorded in the current fiscal yearAnnual report

    「Losses related to lease contracts -」

    No losses related to lease contracts arising from the cancellation and amendment of contracts for unprofitable parking facilities of the UK subsidiary were recorded as extraordinary losses in the current fiscal year.
  2. FY2022-Q3Continued recognition and increase in losses related to lease contractsAnnual report

    「The UK subsidiary cancelled contracts for unprofitable parking facilities and changed contract terms, among other measures, and recorded lease contract cancellation compensation, gains from rent reductions and other items as losses related to lease contracts under extraordinary losses.」

    Losses related to lease contracts arising from the cancellation and amendment of contracts for unprofitable parking facilities in the UK increased from ¥1,499 million for the cumulative second quarter to ¥1,544 million for the cumulative third quarter.
  3. FY2022-Q2Continued recognition and increase in losses related to lease contractsAnnual report

    「The UK subsidiary cancelled contracts for unprofitable parking facilities and changed contract terms, among other measures, and recorded lease contract cancellation compensation, gains from rent reductions and other items as losses related to lease contracts under extraordinary losses.」

    ¥1,499 million in losses related to lease contracts arising from the cancellation and amendment of contracts for unprofitable parking facilities of the UK subsidiary was recorded for the cumulative second quarter.
  4. FY2022-Q1First statedAnnual report

    「The UK subsidiary cancelled contracts for unprofitable parking facilities and changed contract terms, among other measures, and recorded lease contract cancellation compensation, gains from rent reductions and other items as losses related to lease contracts under extraordinary losses.」

    It describes for the first time the fact that ¥1,383 million in losses related to lease contracts arising from the cancellation and amendment of contracts for unprofitable parking facilities of the UK subsidiary was recorded as an extraordinary loss.
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Lease-related losses arising from the termination and contract modifications of unprofitable parking facilities in the UK | PARK24 Co.,Ltd. (4666) | Komori