Acquisition of a replacement facility for Geo Lab Kanto and transfer of the former facility
First written in FY2018. 1 of 4 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2019.
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- FY2019AchievedAnnual report
「There was no material capital expenditure during the fiscal year. The material disposal of equipment during the fiscal year was the sale of the aging building of Geo Labo Kanto, where various soil tests are conducted, for ¥176 million.」
The aging former Geo Labo Kanto facility was sold during the fiscal year, and proceeds of ¥176 million and a gain on the sale of fixed assets of ¥104 million were recorded. The disclosure also indicates that renovations and other work on the replacement facility had reached the completion stage. - FY2019-Q3RestatedAnnual report
「Gain on sale of non-current assets」
A gain on the sale of fixed assets of ¥104.208 million related to the sale of the former facility was recorded, confirming the transaction results associated with the acquisition of the replacement facility and transfer of the former facility. - FY2019-Q2AdvancedAnnual report
「Net cash provided by investing activities increased by ¥150 million, compared with a decrease of ¥244 million in the cumulative period of the same quarter of the previous year. This was due to proceeds of ¥175 million from the sale of tangible fixed assets, including real estate, necessitated by the aging of Geo Labo Kanto (Ota-ku, Tokyo), where various soil tests are conducted; expenditures of ¥63 million for the acquisition of tangible fixed assets, including renovation work on the new soil testing laboratory property, Morigasaki Kawasaki Building, acquired as a nearby replacement facility; proceeds of ¥45 million from the sale of investment securities; and other items.」
Proceeds of ¥175 million from the sale of the aging former facility and expenditures of ¥63.32 million for renovations and other work at the replacement facility, Morigasaki Kawasaki Building, were recorded, showing progress in the acquisition of the replacement facility and transfer of the former facility. - FY2018First statedAnnual report
「Total capital expenditure during the fiscal year was ¥298 million. The main item was the ¥170 million acquisition of Morigasaki Kawasaki Building as a nearby replacement facility, necessitated by the aging of Geo Labo Kanto (Ota-ku, Tokyo), where various soil tests are conducted.」
Morigasaki Kawasaki Building was acquired as a replacement facility for the aging Geo Labo Kanto, bringing total capital expenditure during the fiscal year to ¥298 million. After the filing, a resolution was also passed to transfer the former Morigasaki Geo Labo Center, with an extraordinary gain of approximately ¥105 million expected to be recorded for the fiscal year ending November 2019.